Investment

The French interbank network in charge of governing card payments, Groupement des Cartes Bancaires CB, is expected to approve the use of biometric technology for authentication this year.

The numerous recent retailer data breaches have led issuers to realize that they may have to replace most of their cards with little or no warning.

Chinese restaurant chain P.F. Chang's has confirmed that the data breach it discovered Tuesday involved the theft of credit and debit cards.

The payment processor First Data will provide its small and mid-size clients access to data security services provided from Trustwave.

P.F. Chang's China Bistro Inc., a chain of Asian-themed restaurants, said it's investigating whether it was the target of a data breach following a report that stolen customer data had appeared online.

AT&T is planning to test a fraud-detection service that will allow credit card companies to track the locations of customers who opt in.

U.S. citizens traveling to Brazil for the World Cup have been warned: beware the chupacabra. Card cloning is common in Brazil, so U.S. citizens should take precautions when withdrawing money and check account activity often, the U.S. Citizen Services office in Brazil said on its Twitter account.

Sam's Club plans to launch a cash back program for a new co-branded MasterCard that will also leverage EMV-chip technology, providing some much-needed momentum for the EMV migration in the U.S.

A data dump by hacktivists called Anonymous Ukraine, which triggered American Express to notify nearly 77,000 California residents of potential exposed information, is posing a public relations challenge for the card brand even though it says its internal systems were not breached.

No organization is immune to data breaches–especially small businesses without access to the same resources as larger merchants, requiring a vigorous security program that includes EMV and other protections at the point of sale.