Technology

Bank of America Corp. is negotiating with the Consumer Financial Protection Bureau to settle allegations it deceived customers in the sales of credit-card add-on products, according to two people briefed on the talks.

The Consumer Financial Protection Bureau on Wednesday published its much-anticipated list of debt collection complaints its gathered since accepting them on July 10. The grand total in the now-public database came to 5,329 complaints specifically about debt collection.

TD Bank Group and President’s Choice Financial are launching the Near Field Communication-based Ugo mobile wallet in Canada.

Total System Services Inc. has made Andrew Mathieson its group executive of relationship management, with responsibilities for marketing, risk management and business consulting services.

Mitek Systems has received another patent for its mobile bill-pay imaging technology.

Dollars in millions

Dollars in millions

Companies that made large jumps up or down in our rankings in 2012

As banks invest in newer digital channels, they need to focus on customer profitability.

New mobile apps let consumers handle personal financial management, pay bills, send money to friends and relatives, watch over their credit, and even fund a small business.