Credit

Cynergy Data LLC has a new processor. TSYS Acquiring Solutions, a unit of Total System Services Inc., will handle authorization, settlement and charge-back matters for the Long Island City, N.Y.-based independent sales organization, TSYS says.

UAE Exchange Inc. has signed an agreement with MasterCard Worldwide to offer MasterCard’s MoneySend service in the United Arab Emirates for outbound remittances to the Philippines, according to the Dubai-based remittance and foreign exchange provider.

National Bank of Australia Ltd. has become what is says is the first bank in Australia to reform the way in which it manages interest applied to payments and balance transfers on credit card accounts.

FleetCor Operating Co. LLC on Sept. 27 launched the Chevron and Texaco Universal Business MasterCard credit card designed with a flexible platform to serve both large and small fleet operators, the company says.

Only one of the 2,150 credit unions with credit card receivables of $1 million or more sold its portfolio during the second quarter ended June 30, as buyers remained cautious about overall credit-union health, according to AssetExchange, a Portland, Ore.-based credit-union card broker.

Obopay Inc. is trying to simplify its payments system with text messages.

Moody's Investors Service reports that U.S. credit card delinquencies fell in August as the six top issuers posted improved numbers, according to Bloomberg News.

Citigroup Inc.'s renewed private-label card partnership with Zale Corp. requires the jewelry retailer to meet significantly lower credit card sales volumes.

Suppose your bank's retail customer wants to use a mobile phone to accept credit cards at a garage sale she's planning. MasterCard Inc. has an app for that.

Outstanding credit card balances among credit union members grew during the second quarter, according to analysis by AssetExchange.

Moneta Corp. is changing its name to Rialto Commerce and plans to refocus its strategy. Instead of working directly with banks, the company plans to work with service providers to persuade their client banks to adopt its online-payment service, PaymentsSource has learned.

Small-business owners’ confidence rose slightly in September, halting a three-month decline as more business owners’ cash flow improved, according to new survey data Discover Financial Services released Sept. 27.

Pivotal Payments’ plan to buy 33,000 Hypercom Corp. point-of-sale terminals for distribution to Canadian merchants is the independent sales organization’s largest terminal purchase to date, Frank LoSchiavo, Pivotal senior vice president of sales, tells PaymentsSource.

Kookmin Bank Co. Ltd. reportedly plans to spin off its credit card unit.

Credit card issuers in South Korea increasingly are considering dropping eliminating various charges and fees, according to the Credit Finance Association of Korea.

More consumers are using mobile phones to pay bills, but specifically how they are doing so requires more study, according Fiserv Inc., which identified the gap in information earlier this year when it polled 2,000 households as part of the technology company’s 2010 Billing Household online survey (see story).

Think Finance, a provider of financial products to the underbanked, said Thursday that it has received a $90 million credit facility from Victory Park Capital Advisors of Chicago to help it expand its offerings.

The six-month deadline extension for Canada’s merchants to convert to EMV chip-and-PIN technology points to certain technical difficulties some have encountered during the lengthy process, observers say.

CardinalCommerce Corp. says it has developed technology to enable online merchants to offer consumers a PIN-debit payment option at the checkout screen or through a mobile phone, while Acculynk Inc. separately is building its Web-based PIN-debit payment service.

The PCI Security Standards Council this fall plans to launch a website dedicated to small merchants, which have asked the council for help in understanding how data-security measures affect them.