Technology

Citigroup Inc. is getting into the mobile shopping game with an application that combines card-specific offers with location-based details.

MIAMI — Jack Dorsey wants to give the taco trucks of the world an easier way to serve card-carrying consumers. But the founder of the payments software provider Square Inc. has his sights set on big-box retailers as well.

Arizona Attorney General Terry Goddard last week warned payday loan stores not to try to keep operating as usual after a law authorizing their high-interest loans expires at the end of June.

Mocapay Inc. on June 10 announced a partnership with point-of-sale equipment reseller Postec Inc. that will enable merchants to support both mobile payments and mobile promotions.

TD Bank was one of the last top 10 North American financial companies to offer mobile banking, but is hoping to leapfrog the competition by introducing some unusual services.

In urging Congress to delete the interchange amendment from the pending bank reform bill credit union executives were put in an unusual position of arguing that an exemption – a so-called carve-out – from the amendment that they have sought in other bills is unworkable and impracticable.

MasterCard Inc. announced Wednesday that it has formed a joint venture with Smart Hub Inc. to develop a global mobile payment system.

One place exists where Christopher Kenyon, chief information officer and executive vice president of systems and technology at Elavon Inc., does not want to see his company’s name: in a headline for a story about a data breach.

The recent changes in quarterly processing volume at Total System Services Inc. reflect the effects of an undulating global economy and market consolidation.

U.S. consumers filed 136,142 bankruptcies in May, a 9% increase over the 124,838 filings in May 2009 but down 6% from April, according to the American Bankruptcy Institute.