Payments

The payments landscape for community banks is changing rapidly as traditional payments converge with new instant payment systems and emerging cryptocurrencies. It is critical for Community Banks to maintain awareness of developments in the payments space to assess new opportunities, mitigate risks, and ensure that their payment strategy aligns with overall business plans.

Payments News

Crypto hacks fuel North Korean income: report

Mar 22, 2024 | NewsWatch Today
Cryptocurrency hacks account for half of North Korea’s foreign income since 2017, according to a pending U.N. Security Council report.

Tether stablecoin—a destination for scammed funds—tops $100B

Mar 6, 2024 | NewsWatch Today
The unregulated Tether stablecoin reached $100 billion in circulation this week amid rising demand for cryptocurrencies, Reuters reported.

‘Pig butchering’ scams have nabbed $75B: study

Mar 1, 2024 | NewsWatch Today
A new academic paper found “pig butchering” scams—in which victims invest increasing sums in supposedly legitimate virtual currency enterprises before being conned out of their money—claimed $75 billion since January 2020.