Magazine article Independent Banker

Season of Change

Magazine article Independent Banker

Season of Change

Article excerpt

Summer has finally arrived in Taos! The fruit trees are alive with colorful blossoms. The bees are grateful to greet the dandelion. And the fragrance of blooming lilacs and wild plums fill the air. I am eager to get the garden planted and fill the backyard with flowers-all signs that once again we can count on the annual cycle of nature's warmth and beauty after a cold winter in our high mountain community.

I enjoy my garden every day, but I know that the fleeting days of summer will inevitably give way to the beauty of the golden aspens and cold fall nights. The changing seasons are reminders that just around the river bend new beginnings lie in wait.

This cycle of change also holds true in the world of payments, in which mobile payments and chip card technology are fast becoming the new standard. The good news is that customers are relying more than ever on their financial institution for payment services. The bad news is that if your community bank can't fulfill their payments needs, they'll turn to a financial institution that can.

As we focus on making sure our payments services flourish, ICBA and its payments services subsidiary, ICBA Bancard, have been working to help community banks stay ahead of the shifting payments paradigm-and ensure a safe and secure payments ecosystem. For example, ICBA Bancard has hosted educational forums to promote best practices in new technology and partnered with key stakeholders to prepare for migration. ICBA's advocacy team, meanwhile continues to lead efforts with policymakers to preserve our role in the payments ecosystem and combat fraud. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.