Bank of America adds extra security layer to mobile banking

Bank of America is ensuring its customers won't face a data breach like other big U.S. companies. On Monday, the bank said it was teaming up with Intel to use 'Online Connect' technology that allows users to make payments with their fingerprints. BofA has already put $600 million toward information security, a representative from the bank told CNBC. This added security feature will be implemented next year. The company also ensured future iPhone X users that the face recognition feature can be used for secure authentication.