I took over the Apple Developer Account of my father yesterday, but I really don't know how to change it to have my name displayed in the Member Center and iTunes Connect.
This happened to me as well, I purchased a developer account for my brother a couple months ago and he eventually decided that he didn't want to put the effort in. At this point I contacted Apple both by email and phone and they explained to me that it was not possible to transfer the account to my name (a single developer can not have more than one account).
After that I decided to offer the account to a friend who had an interest in learning cocoa and repeated the process of contacting Apple only to find that "limit 1 per dev" rule wasn't the only reason I couldn't transfer the account... Basically they told me I was out of luck.
Once a developer account has been created the only way you can change the name on the account is if you migrate it from being a personal account to a business account.
Sorry to say it but you're sitting on a $99 dud account. (I'm right there with you)
You can contact Apple developer support for these kind of things. They will help you.
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