By Kevin Woodward With more $1 million (Canadian) in new funding, self-checkout app SelfPay looks to expand its reach within retail stores. Toronto-based Digital Retail Apps says the funding, which is approximately $764,402 in U.S. currency, also will be used to secure more patents. Dallas-based Texas Ventures led the funding, …

Credit card fraud in the United States is at epidemic levels. Last year, the U.S. accounted for more fraud than the rest of the world combined. And the fraud rates are accelerating. EMV technology, which has shown to greatly reduce in-store fraud in Europe, is finally being rolled out in the …

By John Stewart It is a commonplace notion that unicorns are to be encountered only in myth. But in the world of venture capital, they are becoming increasingly numerous. While it was once considered extremely rare for a privately held startup to achieve a $1 billion-plus valuation, there are now …

Installations of mobile point-of-sale devices in the United States and Canada will hit 17.4 million in four years, forecasts 451 Research in its “Mobile Point of Sale: Smart Devices Earn a Growing Share of Global Payment Acceptance” report released Thursday. If it proves accurate, that forecast will yield a 155.9% …

By John Stewart After a three-year gestation period, the Merchant Customer Exchange’s CurrentC mobile-payment service is planning to launch a pilot in Columbus, Ohio, during the last week of August, a source with knowledge of the matter tells Digital Transactions News. The pilot will involve locations belonging to a handful …

Traffic on the automated clearing house network continues to climb at a steady clip as financial institutions and other users of the system mull over a proposal to speed up payments from next-day to same-day settlement. In the quarter ended Sept. 30, overall volume on the ACH grew 4.15% year …

A breach Jan. 4 at Bitcoin exchange Bitstamp resulted in the loss of approximately $5.2 million worth of the digital currency and caused the exchange to shut down while it sorts out the after-effects. That’s according to notes posted to Bitstamp’s Web site Monday and Tuesday. The breach targeted one …

As mobile remote deposit capture continues its transition from niche to mainstream financial service, a new study affirms earlier research that bankers’ fears about losses were largely overblown. At the same time, mobile remote-capture newbies do a less sophisticated job of risk management than their more experienced colleagues. The findings …

Some dragons are harder to slay than others, and a few are fire-breathing. Here’s our annual look at the industry’s fiercest beasts, this time ranging from the endless war over interchange to eager-beaver regulators to the woes of digital currency. By John Stewart and Jim Daly If payments were easy, …

Michael Barrett and Sebastien Taveau Standards are finally emerging that will bring secure biometric authentication to millions of smart phones. Those of us who practice the “dark arts” of information security know all too well that we are often misunderstood by our colleagues. They have been quick to impugn our …