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Pivotal Payments says its integration with Pinnacle Cart, e-commerce software Desert Dog Marketing LLC designed for merchants to use on their websites, could help its sales agents increase their revenue by attracting more merchants.

Citigroup Inc. on Aug. 9 announced the global rollout of the Citi Meeting card, a commercial card designed to enable organizations to more easily control and analyze expenditures for specific meetings and events.

The Ahmedabad Municipal Corp. formally has cancelled the seven-year contract it had awarded Mumbai-based Kaizen Engineering Systems Pvt. Ltd. to provide a ticketing and smart card system for its bus and rapid-transit system.

Sampath Bank Ltd. and the Bar Association of Sri Lanka have signed an agreement to launch the cobranded BASL Affinity MasterCard, according to the Colombo-based issuer.

Units of JPMorgan Chase & Co. and Citigroup Inc. have been subpoenaed as part of a probe into alleged predatory lending practices involving health care credit cards, New York Attorney General Andrew Cuomo said Monday, according to a Dow Jones report.

First Data Corp. on Aug. 10 reported a net loss attributable to the company of $171.2 million for the second quarter ended June 30, down from the $195.9 million loss the transaction processor reported during the same period last year. Revenues totaled $2.61 billion, up 18.1% from $2.21 billion, driven by the formation of the Banc of America Merchant Services LLC alliance.

Mall Networks, a manager of merchant-funded rewards programs, reported Monday that its fiscal 2010 revenue grew by more than 100%, and announced its renaming as Cartera Commerce Inc.

PayPal Inc. is planning to turn off its PayPal Plug-In service, which lets users fund purchases at merchants that do not typically accept PayPal.

Discover Financial Services said its Discover Student Loans unit is celebrating its third anniversary by reducing its lowest interest rate to 3.75%.

The $3 billion price Advent International Corp. and Bain Capital LLC will pay for an 80% stake in RBS WorldPay, the payment-processing arm of the Royal Bank of Scotland PLC, may point to an imbalance in value between privately held and publicly held payment processors, suggests David J. Koning, a senior research analyst at Milwaukee-based Robert W. Baird & Co.

Despite reductions in fees and commissions stemming from the effects of the Credit Card Accountability, Responsibility and Disclosure Act, executives at Barclays PLC remain positive about the future performance of it Barclaycard US subsidiary and other units.

India’s UTI Mutual Fund is partnering with mobile-payments provider mChek Pvt. Ltd. to launch UTI Mobile, a service that enables investors to initiate payment instructions for investing in mutual funds from a mobile phone, a spokesperson for the Mumbai-based asset management company tells PaymentsSource.

Life Insurance Corp. of India Ltd. policyholders soon will be able to use their mobile phones to pay their insurance premiums, a spokesperson for the government-owned insurer tells PaymentsSource.

The mobile banking and payments company ClairMail Inc. said it had strong revenue growth in the second quarter.

PayPal Inc. has updated its mobile payment application for Android phones.

Online Resources Corp.'s newest chief executive said the online banking and bill-pay vendor will become a more focused company under his leadership.

U.S. credit card borrowers shed $4.5 billion in debt in June, continuing the pattern of reducing overall outstanding receivables that began in the fall of 2008, according to a Federal Reserve G.19 report on consumer credit released Aug. 6.

The Royal Bank of Scotland Group PLC on Aug. 6 agreed to sell a majority stake in its lucrative processing business, RBS WorldPay, to two private equity firms for more than $3 billion.

Arizona state government officials are stepping up efforts to thwart criminals from skimming consumers’ credit and debit card information at gasoline stations in response to a recent uptick of such incidents.

Serverside Group Ltd.’s receipt this week of a European patent for its digital technology used to print customized payment cards on demand will protect its market but also may create competition as other companies develop and enhance similar technology, some observers say.