Hundreds of small banks and credit unions joined the Zelle payment network last year, increasing its members by about 15%. Most new participants have less than $10 billion in assets, aiming to serve underserved communities. Despite skepticism about costs, joining Zelle offers potential for attracting new customers.

Big banks are trying to undermine the GENIUS Act, which aims to improve competition in finance. They claim an "interest loophole" exists that allows crypto platforms like Coinbase to offer rewards, while ignoring the inefficiencies in the traditional payment system. The article highlights how various companies, including banks, are adopting crypto technology to enhance payment processes.

Major banking associations are pushing for a one-year delay on crypto firms accessing the Federal Reserve's payment systems. They argue that new stablecoin issuers should demonstrate their ability to operate safely before gaining access. This conflict could lead to further legal disputes.