PHH/Paymentech LLC has changed its name to Cendant Business Services.

The company, which offers MasterCard fleet cards, is a joint venture of PHH Vehicle Management Services and Paymentech Inc. Cendant Corp. is PHH's parent company; Banc One Corp. is the majority shareholder of Paymentech, a transaction processing company.

Along with the name change came a redesign of the corporate fleet card, now called the Cendant Card.

"We felt it was appropriate to leverage the Cendant name to create greater brand awareness," said William Brooks, general manager of corporate card services at PHH Vehicle Management.

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