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Citigroup Inc. is testing new technology that would allow customers to withdraw money with an eyeball scan or a code on a smartphone instead of a card swipe.

Capital One is offering customers the chance to replace security questions for some transactions with a swipe of their mobile phones.

Swatch launched a new NFC-enabled payments watch for the Chinese market.

Target has become the first major credit card issuer to convert to cards that contain a PIN.
 

The National Retail Federation said it agreed with a warning from the FBI that new chip-based credit cards are safer than traditional cards but still vulnerable to fraud and need to be used with a PIN to minimize risk.

A new study reveals a dramatic increase in the overall cost of cyber crime. 

Mastercard is rolling out a biometrics payments service that will kill passwords within five years.

A survey has found that that 56 percent of consumers are unaware of what an EMV or 'chip' credit card is.
 

Cyber criminals may be making the headlines, but insider fraud artists – many of them senior, trusted staff – remain the biggest crooks.

First Tech Federal Credit Union announced a pilot program with MasterCard that will enable First Tech employees to authenticate and verify transactions using facial recognition and fingerprint biometrics.