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

FDIC requests comments on digital assets

May 18, 2021 | NewsWatch Today
The FDIC requested comments within 60 days about insured depository institutions’ current and potential digital asset activities.

Fed proposes changes to interchange regs

May 10, 2021 | NewsWatch Today
The Federal Reserve Board invited public comment on proposed changes to Regulation II (Debit Card Interchange Fees and Routing).

Fed proposes standards for accessing Fed accounts, payments system

May 6, 2021 | NewsWatch Today
The Federal Reserve Board proposed guidelines for evaluating requests for accounts with the Fed and access to the payments system, as advocated by ICBA.