Payment Card Competitor Tracker: August 2009
Datamonitor
September 22, 2009 SKU: DFMN2445025
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Introduction
The Payment Card Competitor Tracker provides expert analysis and opinion on the strategic moves of leading competitors in the payment card market. Produced on a monthly basis, the Tracker is a global product and covers 60 players, including American Express, Barclaycard, Capital One, Citigroup, Discover, GE Money, First Data, HSBC, JCB, MasterCard, Standard Chartered and Visa.
Reasons to Purchase
- Gain invaluable information on your key competitors in one concise document, and track long-term trends using the interactive news database.
- Sharpen your strategy by implementing the best market, product, competitor and strategic developments of leading global players.
- Learn the Datamonitor Cards & Payments Team's view on the most important competitor developments in the month.
Please Note: This product is delivered as a zip file
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- Overview
- Catalyst
- Summary
- Methodology
- Table of Contents
- Introduction
- The Payment Card Competitor Tracker provides both one month and 12 month views of developments
- Each month, Datamonitor tracks the most relevant announcements from 64 competitors
- Datamonitor's Cards and Payments Team provides analysis of the key developments at both the one month and 12 month level
- A fully searchable database of developments from January 2007 onwards is also delivered alongside the report
- Key Developments in August
- In August, the key story was the possible development of an open-loop contactless transit system in the US
- The Chicago Transit Authority is poised to boost open-loop contactless payments via transit applications
- Barclaycard reveals the success of its early assistance service for UK card holders facing financial difficulty
- Discover's new advertising campaign focuses on what cardholders 'get back' using card loyalty rewards
- There were 58 developments in August, slightly ahead of the 12-month average
- There were 58 developments in the August competitor tracker, compared to the 12-month average of 56
- Product development and M&A were both responsible for the rise in activity in August
- North America and Asia Pacific were the regions with the most competitor activity in August, in line with the 12-month trend
- Issuers featured strongly in August, but schemes and associations were also ahead of the 12-month trend
- Apart from developments in rewards, new payment technology and the commercial sector were the biggest areas of interest in August
- Issuers, schemes and processors are continuing to adopt contactless technology
- Commercial sector continues to account for a significant portion of activity among issuers
- Mobile technology is also an area of interest for players
- Partnerships accounted for the bulk of activity in M&A, partnership and organic growth
- There were several notable deals in the Asia Pacific and the US in August
- Product, Services and Innovation
- China UnionPay
- China: China UnionPay launches CUP-standard Shanghai tourism cards
- Taiwan: China UnionPay launch card acceptance business
- UK: China UnionPay announces the acceptance of CUP cards at all LINK ATMs
- Citigroup
- Hong Kong: Citi announces the launch reward benefit
- India: Citibank announces the launch of Citi Titanium cash rewards credit card
- Indonesia: Citi and Giant announce the launch of co-brand card
- Indonesia: Citi and AXIS launch 'Auto Reload', an automatic payment service
- South Korea: Citibank Korea announces the launch of the Citi International cash check card
- Singapore: Citibank launches mobile banking services
- The Philippines: Citi announces new rewards and benefits to new and existing credit card holders
- Thailand: Citi Global Transaction Services announces the launch of Citibank commercial cards
- US: Citi launches mobile banking services to smartphones
- Discover
- US: The Home Depot to accept Discover Zip payment devices
- US: Discover's Cashback Bonus offers cash rewards and bonuses on purchases
- First Data
- US: First Data launches FD400, a wireless enabled terminal line
- Industrial and Commercial Bank of China
- China: ICBC and BNY Mellon launch Remit Worldwide
- China: ICBC introduces mobile banking 3G
- JP Morgan Chase
- US: JP Morgan Chase and United Airlines launch three new credit cards
- US: JP Morgan Chase offers rewards on every purchase made through Chase Freedom credit card
- US: Chase Card Services launches rewards for affluent customers
- Mashreqbank
- UAE: Mashreqbank launches co-brand with Grand Entertainment
- MasterCard
- Japan: MasterCard re-launches MasterCard Business Offer program
- Taiwan: Cathay United Bank and MasterCard worldwide launch Cathay United Bank PLAY card
- US: The Home Depot to accept PayPass
- US: Whataburger to accept PayPass
- PayPal
- US: PayPal launches Student Account
- Royal Bank of Canada
- Canada: RBC and WestJet launch co-brand
- US Bancorp
- US: US Bank to add Visa payWave technology to unembossed debit cards issued
- Visa
- Hong Kong: TurboJET to accept Visa payWave
- US: Visa and US Bank launch Syncada, a financial supply chain network
- Wells Fargo
- US: Wells Fargo introduces online payment feature
- Other
- US: Chicago Transit Authority poised to implement an open-loop contactless fare collection system
- M&A, Partnerships and Organic Growth
- American Express
- UK: American Express and British Airways renew their partnership
- ANZ Bank
- Asia: ANZ Bank to acquire select RBS businesses
- Bank of America
- US: Bank of America and Bottomline Technologies form alliance for electronic payment and invoice network
- Bank of Montreal
- Canada: BMO Spend & Payment Solutions partners with Tri-Pen TravelMaster
- Canada: BMO Spend & Payment Solutions partners with CyberShift
- Barclaycard
- UK: Barclaycard reveals the success of its early assistance initiative
- BBVA
- US: BBVA Compass acquires banking operations of Guaranty Bank
- BNP Paribas
- Argentina: BNP Paribas' Buenos Aires sells its retail banking business to Banco Santander Río
- France: BNP Paribas and Intesa Sanpaolo reach agreement on Findomestic
- China UnionPay
- China: China UnionPay and HNA Group sign agreement
- Discover
- India: Venture Infotek and Diners Club International sign long-term agreement
- First Data
- South Africa: First Data acquires CashAxcess to provide ATM deployment services
- US: First Data renews transaction processing services agreement with PNC Financial Services group
- GE Money
- Puerto Rico: GE Money signs multi-year agreement with Rooms To Go to provide consumer finance
- US: GE Money renews of Wal-Mart credit card program
- US: GE Money signs multi-year agreement with ABC Warehouse
- Industrial and Commercial Bank of China
- Macau: ICBC established by merging ICBC Macau Branch and Seng Heng Bank
- MasterCard
- Asia Pacific, Middle East and Africa: MasterCard achieves growth in second quarter of 2009
- Asia Pacific, Middle East and Africa: MasterCard announces a 49% increase in dollar volume in its Titanium card program
- Latin America and Caribbean region: MasterCard reports growth in second quarter
- US: MasterCard and CyberShift collaborate to provide organizations with expense management solution
- RBS
- Pakistan: RBS Pakistan enters into a sale agreement with MCB Bank
- Standard Chartered
- Thailand: Standard Chartered bank partners with Major Cineplex group
- TSYS
- China: China UnionPay Data Services signs five new long- term bankcard processing agreements
- US: TSYS and Global Cash Access execute processing services agreement
- US Bancorp
- US: Elavon extends partnership with KeyCorp
- US: Elavon acquires merchant processing portfolio of MB Financial Bank
- Visa
- Europe: Visa Europe reports a 14% increase in the number of transactions
- Appendix
- Methodology
- Further reading
- Ask the analyst
- Datamonitor consulting
- Disclaimer
- List of Tables
- Table 1: The 64 companies and subsidiaries covered by Datamonitor's Payment Card Competitor Tracker
- Table 2: Current relevant publications, 2008-09
- Table 3: Future relevant publications, 2009
- List of Figures
- Figure 1: In August, competitor developments saw an increase on the previous month, with 58 developments, in line with the 12-month average of 56
- Figure 2: August witnessed a significant rise in the number of developments relating to product, services and innovation, and M&A compared to July
- Figure 3: North America and Asia Pacific accounted for the most stories in August, in line with the 12-month trend
- Figure 4: Issuers accounted for the most activity in August, with 32 developments in total, in line with the 12-month trend
- Figure 5: New payment technologies, rewards and the commercial sector were the key areas for developments in product, services and innovation in August
- Figure 6: Partnerships accounted for the majority of developments in August, with 15 announcements it total
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