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One of the stumbling blocks with the global expansion of digital wallets is the resistance to payment cards in many countries, including India, China and Brazil, notes Forrester Research in a recent report.

Bank of America will have to reduce expenses further in its markets trading division unless revenue improves, Chief Executive Brian Moynihan said.

Jamie Dimon, chairman and chief executive of JPMorgan Chase, chided shareholders as "lazy" for casting votes at annual meetings based on the advice of proxy advisers that have questioned his pay and power.

San Diego-based Mitek, a firm that specializes in capturing mobile data for customer acquisition, has acquired Dutch identity verification company IDchecker.

Valley National Bancorp in Wayne, N.J., announced its second deal in Florida, a state that has been difficult for other out-of-state banks to enter.

WASHINGTON — Rob Nichols, head of the Financial Services Forum and a former top Treasury Department official in the Bush administration, will be the next president and chief executive officer of the American Bankers Association, the ABA announced Wednesday.

Namu is trying to solve a problem facing all banks that vie for millennials' attention: how to make the mobile banking experience more appealing. Its app refreshes users' memories of transactions with images illustrating what they bought.

San Diego-based Mitek, a firm that specializes in capturing mobile data for customer acquisition, has acquired Dutch identity verification company IDchecker.

RALEIGH, N.C. — With NCUA mandating last year that all federally insured CUs with assets of $10 billion or more begin "stress tests" this year, State Employees' CU (SECU) here has published results of its own internal stress testing.