Credit

Singapore American School has selected The CBord Group Inc.’s CS Gold one-card program to manage the school’s card program that also will meet the needs of Singapore’s contactless marketplace, the Ithaca-based company announced July 27.

A unique merchant-funded cardholder rewards program just got a powerful new marketing channel — and, thanks to regulatory reform, a stronger pitch to make to banks.

KeyBank is offering customers text-based banking services through Fiserv Inc.'s Mobile Money program, the Brookfield, Wis., bank technology vendor said Wednesday.

Small-business owners now have more ways to interact with other entrepreneurs on the Visa Business Network.

Combined net income for South Korea’s six credit card companies dropped by 8.7% during the first six months of this year compared with the same period last year primarily because two of them reported losses, data from the country’s Financial Supervisory Commission reveal.

TechProcess Solutions Ltd. will provide online-payment services to customers of Standard Chartered Bank India under a deal the Mumbai-based company announced last week.

Shinhan Card Co. Ltd. of South Korea plans sell a 14.9% stake in BC Card Co. Ltd. to the country’s second-largest mobile carrier KT Corp., local newspaper The Korea Herald reports.

Thailand’s Bangkok Smartcard System Co. Ltd. has inked a partnership deal appointing Vix Erg Pty. Ltd. as a partner in the design and delivery of a smart card clearinghouse service for micropayments, the Australia-based technology vendor announced last week.

Apriva, a Scottsdale, Ariz.-based wireless-payments company, says it is working with MWJ LLC, an Atlanta-based vending-machine operator, on cashless vending services at 48 vending machines at Hartsfield-Jackson Atlanta International Airport.

The Brazilian state-run bank Caixa Economica Federal, the state-controlled Banco do Brasil SA and private bank Banco Bradesco SA have signed a memorandum of understanding to jointly operate the recently created credit card company ELO, reports Dow Jones.

First Data Corp.’s formation of the Banc of America Merchant Services LLC alliance with Bank of America Corp. in June of last year is paying dividends for the transaction processor.

Despite brick-and-mortar merchants and restaurants still experiencing a year-over-year decrease in credit and signature-debit card sales, the decline is becoming more moderate, and is even increasing at high-end restaurants, as the economy continues to slowly recover, new research suggests.

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.