Search

Quantum Computing Threatens Payment Industry Cryptography

NACHA published a blog post warning the payments industry about quantum computing threats to current cryptography protocols. The article advises payment participants to begin quantum readiness planning, including inventorying critical data and assets that use public-key cryptography, and assessing vulnerabilities. The post references a white paper from the Payments Innovation Alliance Quantum Payments Project Team on protecting payments in the quantum era.

Payments Industry Must Plan for Quantum Computing Encryption Threats

NACHA published guidance on April 14, 2026 warning that quantum computers may eventually decrypt widely used encryption methods, posing risks to payments systems and data security. The article calls on financial institutions, payments processors, and other payments stakeholders to develop structured quantum-safe migration plans including technology road maps, system inventories, vendor engagement, and leadership alignment. The guidance references a companion paper published by the Nacha Payments Innovation Alliance Quantum Payments Project Team.

Payments Industry Steps Toward Quantum-Safe Security

NACHA published guidance for the payments industry on quantum computing risks and quantum-safe security preparedness. The advisory recommends financial institutions form quantum task forces, appoint subject-matter experts, and train senior leadership on post-quantum computing risks to payment systems. NACHA is an industry association, not a government regulator, and this content carries no binding compliance obligations.

Quantum Computing Myths in Payments Debunked

NACHA published an article debunking seven common myths about quantum computing in the payments ecosystem. The article addresses misconceptions about quantum threat timelines, post-quantum cryptography (PQC), and quantum-safe solutions for financial institutions, processors, and merchants. Key points include that quantum risks are already present, affect organizations of all sizes, and require careful implementation of NIST-standardized PQC algorithms.

Quantum-Safe Payments Education Blog Series Launched for World Quantum Day

NACHA's Payments Innovation Alliance launched a seven-part educational blog series on quantum-safe payments in support of World Quantum Day. The series translates the Alliance's foundational paper on quantum computing risks into practical guidance for the payments ecosystem. Blogs cover topics including quantum computing myths, getting started with quantum-safe planning, conducting risk assessments, and building readiness plans for organizations at every stage of quantum readiness.

Anti-Money Laundering and Countering the Financing of Terrorism Programs

The OCC, FDIC, and NCUA jointly propose a rule requiring banks and credit unions to establish and maintain effective AML/CFT programs reasonably designed to identify, assess, and mitigate illicit finance risks. The amendments align with AML Act of 2020 provisions and FinCEN proposals, intending to modernize Federal supervision of AML/CFT programs and enhance FinCEN's role in supervision and enforcement. Written comments on the proposal must be submitted by June 9, 2026.

Joint Bank Reporting Committee Opens Reporting Contact Group Applications

The Joint Bank Reporting Committee (JBRC), jointly established by the EBA and ECB, launched a public call for expressions of interest to join its Reporting Contact Group (RCG). The RCG serves as a forum for cooperation on banks' regulatory reporting matters. Applications are open to candidates across the EEA representing various stakeholder groups with expertise in supervisory, resolution, and statistical reporting. The deadline for applications is 28 April 2026.

Bank Branches Redesign for Wealth Management Client Privacy

ABA Banking Journal published an article on designing bank branch spaces to accommodate wealth management client privacy needs. The article discusses physical design considerations for financial institutions seeking to serve high-net-worth clients while maintaining confidentiality. No new regulatory requirements or compliance obligations are established by this publication.

Gas Guzzler Tax Information Collection Comment Request

The IRS published a Federal Register notice seeking public comments on the Gas Guzzler Tax information collection (OMB Control No. 1545-0242, Form 6197) under the Paperwork Reduction Act of 1995. The notice requests comments on whether the collection of information is necessary, the accuracy of burden estimates, and ways to enhance quality and minimize burden. Comments must be received by June 15, 2026.

PTIN User Fee Hearing Cancellation; Fee Reduction from $11 to $10 Still Pending

The IRS cancelled the public hearing scheduled for April 24, 2026 on the proposed PTIN user fee reduction. The hearing was cancelled because no requests to testify or topic outlines were received by the April 2, 2026 deadline. The underlying proposed rule would reduce the PTIN fee from $11 to $10; comments on the rule may still be submitted via Regulations.gov under docket REG-108673-25.