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Bank of America Merrill Lynch is integrating with digital payments technology provider ModoPayments so the bank's clients can access broader global payment networks.

Banks are just as vulnerable to the kind of nation-state cyberattack Yahoo suffered, and can avoid some of the mistakes it made, says Samuel Visner of the consulting firm ICF and an adjunct professor at Georgetown University.

The Wells Fargo scandal is an example of what happens when a system requires you to effectively hand over the keys to your identity to strangers as if you were giving them your car keys. Moreover, it is a call to banks to restore trust and become leaders in fixing the ID problem once and for all.

Legal fees for lawsuits against the banks and securities firms that sold the faulty mortgage-backed securities that led to the corporate credit union meltdown have eaten up more than 20% of total recoveries.

Mary Mack is beginning damage control as she overhauls Wells' sales culture; Dorothy Savarese talks diversity of bank sizes as she becomes chairman of the ABA; and Elizabeth Warren implores the president to demote Mary Jo White. Also, industry manbassadors talk work-life balance and the importance of flexibility for women as Visa's CEO resigns to devote more time to family. And a couple of small activist firms are taking on gender bias at the world's largest companies.

Fifth Third Bancorp reported higher third-quarter profit on the termination of tax receivables from its Vantiv payments subsidiary and several other one-time items.

Walmart Stores Inc. has hit the reset button on its China strategy in dramatic fashion.

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Two Utah credit unions – Ogden-based Goldenwest CU and Health Care CU in Salt Lake City – on Thursday announced their intent to merge.

Combining biometrics with device ID, social data, behavior patterns and other factors builds a strong foundation for artificial intelligence to conduct identity proofing and transaction authorization.

The new PaymentsSource is reinvented to engage all segments of the payments industry.