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

ICBA urges House to reject Durbin Amendment expansion

Sep 22, 2022 | NewsWatch Today
ICBA told House leaders it strongly opposes the Credit Card Competition Act of 2022 (H.R. 8874), controversial legislation to create new credit card routing mandates that expand on Durbin Amendment interchange restrictions.

Liang: Treasury-led CBDC group a work in progress

Sep 21, 2022 | NewsWatch Today
The Treasury Department is still working out the details of a Treasury-led interagency work group on considering the adoption of a U.S. central bank digital currency, Treasury Undersecretary Nellie Liang said.

ICBA Strongly Opposes Gooden-Welch Credit Card Bill

Sep 20, 2022 | Press Release
Independent Community Bankers of America (ICBA) President and CEO Rebeca Romero Rainey issued the following statement on the House introduction of the Credit Card Competition Act.