Technology

Eric Lefkofsky, a Groupon co-founder who ousted Andrew Mason as chief executive officer in February to take the job on an interim basis, was made permanent CEO, the Chicago-based company said in a statement today.

To facilitate the launch of a mobile wallet unveiled in February at the Mobile World Congress 2013 event, a major bank and a telecommunications company in Norway have formed a joint venture.

As mobile wallets expand their services, they more closely resemble full-fledged bank accounts. And PreCash Inc. says it can do at least one job better than banks do today.

Cabela's Inc. employees are using Sage Mobile Payment card readers to accept payments at the company's bank-sponsored outdoor sales events this summer.

CenPOS has integrated Ingenico terminals into its could-based payments platform, a move that's designed to enable both mobile payments and EMV-chip card acceptance at automotive dealerships and other specialty merchants.

U.S. consumer spending totaled $89 per day in July, unchanged from the $90 in June and May, according to Gallup Daily tracking interviews of more than 14,000 Americans.

Wells Fargo & Co. will tie up with American Express Co., the world’s biggest credit card issuer by purchases, to offer cards accepted on American Express’s network of merchants.

The Lamassu machine, a so-called Bitcoin ATM, is a rare device that makes it possible for the unbanked to obtain digital currency. It was invented by a pair of guitar-store proprietors who wanted to break into the payments industry — and are prepared to face the music when regulators take notice.

Alliance Data Systems Corp. is adding augmented reality technology to the tools it offers to drive the use of retail payment cards.

Photo-based mobile bill pay can help banks overcome the adoption challenges of traditional online bill pay.