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 supports adoption of changes to Nacha rules

Oct 8, 2024 | NewsWatch Today
ICBA expressed support for a Bureau of the Fiscal Service proposal to adopt the 2022, 2023, and 2024 amendments to the Nacha rules.

Swift to start live trials of digital asset transactions next year

Oct 4, 2024 | NewsWatch Today
Swift announced that banks and central banks across North America, Europe, and Asia in 2025 will be able to use its network to conduct pilot transactions in digital assets and central bank digital currencies.

ICBA urges policymakers to take on crypto scams, improve information sharing

Sep 19, 2024 | NewsWatch Today
The persistent growth of romance confidence scams emphasizes the urgent need for policymakers to prioritize national security, counter illicit finance uses of cryptocurrency, and improve information sharing with community banks, ICBA told Congress.