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Bill would require Fed study on CBDC
Bill would require Fed study on CBDC Reps. Bill Foster (D-Ill.) and French Hill (R-Ark.) recently introduced legislation directing the Federal Reserve to work with other agencies to study and issue...
Large payments companies move to single exam
Large payments companies move to single exam The Conference of State Bank Supervisors said 13 nationwide payments firms have undergone or are undergoing their single comprehensive exams during the...
New Same Day ACH window in effect this month
New Same Day ACH window in effect this month Nacha's new rule allowing Same Day ACH transactions to be submitted to the ACH Network for an additional two hours every business day takes effect on at...
ICBA seeks more gradual increase of same-day ACH limits
ICBA seeks more gradual increase of same-day ACH limits ICBA said it supports Nacha's plan to raise the individual same-day ACH transaction limit from $100,000 to $1 million in 2022. However, ICBA...
IRS: 13M EIPs going to temporary tax-prep accounts
IRS: 13M EIPs going to temporary tax-prep accounts The IRS said roughly 13 million second-round Economic Impact Payments went to temporary accounts used by the tax-preparation industry. Those...
Payments continue going digital: BIS
Payments continue going digital: BIS The Bank for International Settlements reported sizable growth in digital payments across many leading economies prior to the coronavirus pandemic. The Bank for...
ICBA urges Congress to join debate over payments charter
ICBA urges Congress to join debate over payments charter ICBA and other groups this week urged Congress to get involved in the OCC's efforts to grant commercial companies like Amazon or Facebook a...
Preserving the Integrity of the Bank Charter: The Community Bank Perspective
Preserving the Integrity of the Bank Charter: The Community Bank Perspective Community banks welcome technological innovation, but we must also recognize that technological change underscores the...
ICBA to Fed: Speed Up FedNow Launch
ICBA to Fed: Speed Up FedNow Launch The Independent Community Bankers of America today called on the Federal Reserve to accelerate implementation of its FedNow real-time payments service....
ICBA Bancard Launches Digital Payments Strategy Guide
ICBA Bancard Launches Digital Payments Strategy Guide ICBA Bancard, the payments services subsidiary of ICBA, announced the launch of its interactive tool to help its community bank clients create...
Fed announces details of real-time payments service
Fed announces details of real-time payments service The Federal Reserve Board released details of its forthcoming FedNow real-time payments service, which it is seeking to launch in 2023 or 2024....
ICBA opposes OCC talk of narrow-purpose payments charter
ICBA opposes OCC talk of narrow-purpose payments charter ICBA and other groups expressed opposition to the OCC's recent discussions to offer a narrowly focused payments charter. ICBA and other...
ICBA Bancard Names Octavia Washington AVP, Operations Analyst
ICBA Bancard Names Octavia Washington AVP, Operations Analyst ICBA Bancard, the payments subsidiary of the Independent Community Bankers of America, today announced that Octavia Washington has...
ICBA FAQs detail Economic Impact Payments
ICBA FAQs detail Economic Impact Payments ICBA updated its frequently asked questions on the federal response to the COVID-19 pandemic with information on Economic Impact Payments—the federal...
ICBA Bancard Celebrates 35 Years of Service to Community Banks
ICBA Bancard Celebrates 35 Years of Service to Community Banks ICBA Bancard, the payments subsidiary of the Independent Community Bankers of America, is celebrating its 35th anniversary during the...
Leverage the Power of AI to Predict Delinquencies
Leverage the Power of AI to Predict Delinquencies Artificial intelligence is a hot topic across all lines of business in all industries, and banking is no exception. How an institution views AI’s...
Main Street Victory: ICBA Applauds Fed on Real-Time Payments Decision
Main Street Victory: ICBA Applauds Fed on Real-Time Payments Decision ICBA today applauded the Federal Reserve for its decision to develop a real-time payments system—a longtime ICBA priority. ...
Fed Close on Faster Payments—Make Some Noise
Fed Close on Faster Payments—Make Some Noise With the Federal Reserve closing in on its decision about whether to take a leadership role in faster payments, ICBA is urging community bankers to...
Podcast Features Community Bank Payment Trends
Podcast Features Community Bank Payment Trends ICBA Bancard’s Tina Giorgio and TCM Bank’s Damon Moorer were featured in the latest This Month In Banking podcast by the Kafafian Group. The 30-minute...
Visa: EMV Shift Crushing Counterfeit Fraud
Visa: EMV Shift Crushing Counterfeit Fraud The shift to EMV chip technology has reduced card-present counterfeit payment fraud by 82 percent at chip-enabled merchants, Visa said. More than 3.1...