PHOENIX - Bank of America Corp.'s president called on the financial services industry to establish standards for on-line banking and e-commerce as soon as possible.

Failure to do so could stunt the development of the business, Kenneth D. Lewis said in an address at American Banker's Best Practices in Retail Financial Services Symposium.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.