Credit

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.

Online retailer Overstock.com is teaming with MasterCard Worldwide and First National Bank of Omaha to issue a cobranded credit card.

Qatar National Bank Ltd. has launched the first mobile-to-mobile funds-transfer service in Qatar, the Doha-based bank announced Sept. 22.

Credit cardholders from Standard Chartered Bank Bangladesh Pvt. Ltd. may make purchases on installment under an agreement the issuer announced Sept. 24 with Dhaka-based Advanced Chemical Industries Ltd.

Alexandria, Va.-based CommonWealth One FCU is paying members up to $1.50 per bill to teach them how to enroll in its online bill payment service.

American Express Co. has lost its second key executive to a retail banking company in the past 10 days.

Pivotal Payments, a merchant acquirer in Melville, N.Y., has agreed to purchase up to 33,000 payment terminals from Hypercom Corp.

MasterCard Worldwide is “tailoring strategies” around specific foreign-market situations to expand its global card-business opportunities, Walter Macnee, the card brand’s president of international markets, told attendees at the company’s symposium for media and analysts held Sept. 23 at MasterCard’s headquarters in Purchase, N.Y.

MasterCard Worldwide expects to increase its U.S. debit market share as a result of new network-routing rules included in pending federal changes in debit card interchange policies, Chris McWilton, MasterCard’s U.S. Markets president, said Sept. 23 at the company’s symposium for media and analysts at its headquarters in Purchase, N.Y.