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

FedNow rollout set for May-July

Aug 30, 2022 | NewsWatch Today
The Federal Reserve said it plans to roll out its FedNow instant payments service between May and July of next year.

ICBA Urges Policymakers to Prioritize National Security in New Crypto Rules

Aug 9, 2022 | Press Release
The Independent Community Bankers of America (ICBA) told the Treasury Department that policymakers developing new rules for cryptocurrency should prioritize protecting national security amid catastrophic developments in the crypto markets this year.

Fed: Stablecoin growth poses structural vulnerabilities

Aug 1, 2022 | NewsWatch Today
The value of outstanding stablecoins grew roughly fivefold last year, the Federal Reserve said in its 2021 annual report.