After a number of high profile security breaches in the past couple of years, consumer trust in the payments system is more fragile than ever.

In two recent overseas incidents, payment companies redefined "security" to suit a specific situation, rather than keeping it the constant that their customers expect.

With the breach threat showing no signs of slowing, security companies are rapidly broadening their systems to simultaneously fight identity fraud stemming from clients' consumers and employees.

Bluefin Payment Systems is making point-to-point encryption available to large merchants that use Heartland Payment Systems as a processor, a key move as U.S businesses grapple with the migration to chip cards.

Kaspersky Lab has unveiled a cyber-heist in which hackers have already stolen $1 billion from banks across the world. Here's what banks should know about how the hackers did it — and what institutions can do to protect themselves.

Mangopay's expansion to London is off to a fast start, as the payments technology company has already reached a deal with Liftshare, the U.K.'s largest car sharing community.

It would have to be a payments network's worst nightmare — shutting down because of technical problems during its merchants' busy Valentine's Day weekend.

Many mobile payment companies in this space have had their struggles. Amazon most recently joined the club with the abandonment of its six-month old mobile wallet. The Amazon Wallet was launched in July 2014 and was sold pre-installed on the Fire smartphone.

A joint venture formed by Norway's three dominant mobile phone carriers is testing a new, rebranded version of its mobile wallet, designed to lower the barriers merchants and consumers face when first using a mobile phone for payments.

The theft of 80 million healthcare records will cost Anthem Blue Cross more than $100-million, and payment companies are also under threat since the incident may result in a spike in false card accounts.

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.

Apple isn't the only device maker with its own mobile wallet. Though Samsung hasn't launched anything like Apple Pay, every year Samsung has added new technology to its smartphones and wearables to piece together the elements of a true mobile wallet.

When it comes to mobile banking technology firm Digital Insight's new replacement for passwords, the "eyes" have it.

BBVA Compass is planning to issue a new credit card in partnership with American Express and the National Basketball Association.

Starbucks' decision to support Apple Pay within the coffee chain's mobile payment app seems like a natural alliance of two major forces in mobile payments, but it raises a significant question: Why not do the same with Square, with which Starbucks has much deeper ties?

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.

Catalyst Corporate Federal Credit Union is leveraging the most romantic holiday on the calendar with its "Capture My Heart" promotion.

The Federal Reserve Board has raised several concerns about the interbank fee that is part of an industry group's plan to make funds available to consumers on the same day. It's another speed bump in the road to modernizing the U.S. payment system.

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.