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The information you need to start your day, from PaymentsSource and around the Web: India's payment regs, Westpac's wearables; New Zealand debunks bitcoin claim; and more.

Net income soared 32% thanks to higher interest rates that contributed to a wider net interest margin and its most interest income in a quarter in years.

BofA hasn’t taken advantage of the benefits of owning Merrill Lynch; weakness seen despite stronger bank earnings.

More than half of all federally insured credit unions have less than $50 million of assets. But challenges, including increased demands for technology, are making it harder for small institutions to thrive, forcing some to look for merger partners.

Financial crisis-era rebel Simple is turning to payments innovation — along with its traditional combativeness on fees and rates — to stay relevant against the many fintechs lurking at the edges of the banking world.

Banks are still in their experimental phase of using virtual and augmented reality to interact with customers, and the key to their success will be embracing the technology's social nature. And sometimes that means making an app designed for non-customers.

Antivirus solutions, firewalls, secure web gateways and URL filtering cannot reliably detect cryptominer code and have proved ineffective at preventing it from auto-executing within endpoint browsers, writes Carolyn Crandall, chief deception officer at Attivo Networks.

The legislative highlights of his career as House Financial Services Committee chairman were bills too extreme to become law. But the retiring lawmaker says they were still worth pursuing.

Several female executives accepted leadership roles throughout the industry and in regulatory roles during the past month.

Treasury Secretary Steven Mnuchin is facing calls to skip the conference as well.