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The reports at first seem striking: India's abrupt recall of its larger cash notes has caused a dramatic uptake in mobile payments, likely spurred by staggering lines at bank branches and ATMs.

Despite the head start mobile wallets got in the U.S. when Apple Pay launched more than two years ago, markets outside the U.S. are exhibiting that they are much better positioned for mobile wallet adoption, a new report from Fitch notes.

Aaron Vermut has resigned as chief executive of Prosper Marketplace, according to a report in The Wall Street Journal. Vermut stepped down last week but will remain a director at the San Francisco-based online lender, according to the report, which cites unnamed sources.

The Trump transition team is said to have recommended that Steven Mnuchin be nominated Treasury secretary. A Goldman Sachs alum, he is known as a successful change agent for his roles in the transformation of the failed IndyMac into OneWest and the revamping of CIT, but some community reinvestment advocates remain critical of him.

Summit State Bank in Santa Rosa, Calif., has hired a rival’s chief credit officer.

Samsung Pay has launched a rewards program for U.S. consumers that allows them to earn points on both credit and debit card purchases — and has an emphasis on encouraging repeated use.

Australia should follow India’s lead and scrap its biggest bank notes, UBS Group AG said.

Midland States Bancorp in Effingham, Ill., has plucked its new chief financial officer from a much larger bank: Kevin Thompson, who joins Midland from Zions Bancorp., where he had been senior vice president of corporate finance since 2014.

Trustmark in Jackson, Miss., has agreed to buy RB Bancorp. in Athens, Ala.

T Acquisition, an entity formed by A. Haag Sherman and the partners of Cain Watters & Associates, has agreed to buy the $207 million-asset parent of T Bank for $40.5 million, based on the seller's number of shares outstanding at Sept. 30.

Community banks in the Pacific Northwest and New England completed acquisitions late in the week, and the TIAA-EverBank deal has moved a step closer to reality.

The move is designed to help publishing companies improve coupon and payments performance.

Banc of California in Irvine has delayed filing its third-quarter 10-Q as it continues to probe purported improper transactions that may have involved directors and senior executives.

Midland States Bancorp in Effingham, Ill., has launched an efficiency push after a period of expansion that reached another milestone Thursday.

Banks have been waiting on Justice Department guidelines on how to make their websites compliant with the Americans with Disabilities Act, but many are being advised to take action now or face lawsuits from disabled customers.

Flywire, the Boston-based firm specializing in cross-border tuition payments, has expanded to Australia, the third most popular destination in the world for international education behind the U.S. and the U.K.

ACT Canada has named Suzan Denoncourt, the country's managing director at Ingenico Group, to be co-chair of its board.

Meta Financial in Sioux Falls, S.D., has agreed to buy the tax advance and consumer lending business of Specialty Consumer Services in Hurst, Texas.

Chinese internet companies face a new reality after Donald Trump’s surprise victory as U.S. president-elect — and Alibaba Group Holding Ltd. has the most to lose.

Tesco Bank in Edinburgh, Scotland, has refunded 2.5 million pounds (about $3 million) to 9,000 customers who were affected by a large-scale online banking cybertheft last weekend.