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All About Payments

Digital payments are not only a reality, they are an increasingly important force in the evolution of consumer and business relationships with a bank.

Payment Tools

Prepare Your Digital Payments Strategy

ICBA Bancard Digital Payments Strategy Guide is a unique interactive tool, designed in partnership with Aite Group, that helps community banks create a custom digital payments strategy for their consumer customers.

As community banks evolve to meet their customers’ diverse payments needs, a payments strategy can help align disparate initiatives—creating a roadmap that feeds into a bank’s strategic plan and expedites its execution.

READ THE BRIEF


Is your digital payments strategy on par?




1. Login and Read the Guide

2. Take the Assessment 

3. See where your bank falls on the digital payments spectrum

For questions about this digital payments strategy assessment, contact bancard@icba.org

What you need to take the assessment

  • General knowledge of your bank’s consumer age demographics for existing and new accounts.
  • Understanding of how consumers interact with your bank (e.g. transactions performed within each channel: online, in-branch, call center etc.)
  • General knowledge of consumer payment products offered
  • How consumer payments revenue impacts your bank's income (income from consumer transactions divided by total revenue for the month)
  • Your bank’s appetite to invest in digital payments
  • Number of consumer customers, branches and ATMs (onsite and offsite)
  • General knowledge of payments service providers, including security and compliance providers
  • Understanding of how data is collected and reported for consumer payments products. Can be found through monthly reports provided by your vendors or generated internally.
  • Your bank’s asset size.

    Training

    TRAINING

    Educational Papers, Webinars and Training

    White Papers

    PAYMENTS POLICY

    Payments Policy & Advocacy Efforts

    The U.S. Faster Payments Council (FPC) is a new membership organization established so Americans can safely and securely pay anyone, anywhere, at any time and with near-immediate funds availability.

    Learn more about the U.S. Faster Payments Council

    The Federal Reserve Payments Study is an ongoing effort to quantify aggregate payment volumes, payments fraud, and related information in the United States, offering a periodic benchmark of developments in the U.S. payments system to policymakers, the industry, and the public.

    Learn more about the Federal Reserve Payments Study

    Read ICBA's  2019 policy resolutions on: