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MasterCard is testing whether the time is finally right for biometric authentication to take over as the standard of customer-facing security.

Bankers, technology CEOs and President Obama are throwing everything they have at countering the growing threat of cyber attacks, putting their faith in biometrics, tokenization and data sharing. But it's far from clear that it will be enough.

In a wide-ranging interview, the head of the Cleveland Fed talks about her support for a two-tiered regulatory system, the biggest threats facing the system, interest-rate risk, culture and cybersecurity.

Paying for goods and services over the Internet in a variety of ways, from directly keying-in card details on ecommerce sites, to using online wallets, to paying with your phone, is more consumer friendly than ever.

Banks nationwide are finding ways to make mobile deposit capture available to more people and faster without taking on more fraud risk.

Visa Inc. now supports mobile geo-location technology to reduce transaction declines when consumers travel outside of their home area.

Top executives from Bank of America, U.S. Bancorp, American Express, Visa, MasterCard, Microsoft and Apple are expected to participate as part of a White House summit on cybersecurity issues in California on Friday.

This week's White House Summit on cybersecurity at Stanford University comes at a pivotal time for payment and security professionals, who have an opportunity to cooperate to fight Internet crime.

As e-commerce continues to grow, so does the business potential for fraudsters. And many common security measures aren't enough to solve the problem.

Mobile banking apps that allow consumers to proactively lock their debit cards, or limit their cards' use to specific scenarios, could shift the way banks manage fraud and even enable them to place some of the liability on the consumer.