Payment Card Competitor Tracker: February 2009
Datamonitor
April 1, 2009 28 Pages - SKU: DFMN2218022
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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 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 February
- The acquisition of Chevy Chase by Capital One and the prepaid card collaboration between MasterCard and Accor Services were the key stories of the month
- Capital One completes the acquisition of Chevy Chase bank, further enhancing its deposit base
- MasterCard Europe and Accor Services tie up to launch PrePay Solutions
- Discover launches Spend Analyzer tool to help its cardholders track their spending
- Functionality like this is widely available in the commerical sector and could be a very powerful tool for adding value to customers
- Developments have picked up in February but are still below 12-month average
- There were 47 developments in the February competitor tracker, marginally better than in January
- Product development has driven activity in February, with M&A picking up ever more since November
- The majority of competitor activity occurred in North America and Western Europe but Asia Pacific also featured strongly
- Issuers continue to account for the majority of activity although well below the 12 month average
- Developments in loyalty programs and the commercial sector were the biggest areas of innovation in February
- Partnership and M&A deals accounted for the bulk of activity in M&A, partnership and organic growth
- Product, Services and Innovation
- American Express
- US: American express and Hilton HHonors launch a new co-branded credit card
- US: American Express launches new membership reward program
- US: American Express Open expands Open savings program
- Bank of America
- UK: MBNA launches new card rate
- Bank of Montreal
- US: BMO joins Montreal High Lights Festival as title sponsor
- North America: BMO offers advise on strategies to help commercial clients in the economic recession
- Barclaycard
- UK: Barclaycard introduces new rates for its new and existing customers
- Citigroup
- Africa: Zain ties up with Citibank and Standard Chartered bank to provide mobile payments
- Asia Pacific: Citibank launches new online money transfer service for US-based non-resident Indians
- Czech Republic: Citibank credit card customers receive discounts with Citi Club partner network
- India: Citibank launches the Citibank Platinum Select Credit Card with preferential rewards
- Indonesia: Citi introduces new ePIB platform to simplify payment of corporate tax and duty
- Korea: Citibank credit card campaign offers semi-final tickets to UEFA Champions League
- Mexico: Telcel and Banamex Launch Banca Móvil
- Philippines: Citibank expands mobile banking services
- Thailand: Citi launches customer loyalty program
- Thailand: Citibank Ready Credit campaign offers Ford Focus cars
- US: Credit card issuers and payment network introduce 'Help With My Credit'
- Crédit Agricole
- France: Finaref launches new loyalty program
- France: Finaref offers 'forfaitée barémique'
- France: Finaref and Sofinco finalize partners to launch co-branded cards
- Discover
- US: Discover introduces Current by Discover card to help teens track spending habits
- US: Discover launches Spend Analyzer tool to help card members track their spending
- TSYS
- US: TSYS launches private label card for merchants and consumer goods companies
- Visa
- Asia Pacific: Visa Commercial Offers launched to help Asia Pacific businesses manage costs
- Australia: Visa, Telstra and NAB to continue working towards contactless mobile payments
- Canada: Visa's contactless technology provides speed and convenience
- Canada: Visa offers enhanced data reporting on WestJet transactions
- Hong Kong: travel, shopping and gourmet benefits introduced for premium cardholders
- Thailand: Visa launches merchant program to boost tourism
- M&A, Partnerships and Organic Growth
- American Express
- Global: American Express becomes fourth owner-member of EMVCo
- Atos-Origin
- Europe: Atos Origin and Match Supermarket partner to provide CRM strategy
- Barclaycard
- UK: Barclays acquires PT Bank Akita
- BNP Paribas
- Italy: BNP Paribas and Fortis amend terms governing the acquisition
- Capital One
- US: Capital One completes the acquisition of Chevy Chase bank
- Citigroup
- Slovakia: Citi's utility cash payment service doubles transaction numbers
- Deutsche Bank
- Germany: Deutsche bank completes acquisition of Deutsche Postbank
- First Data
- Europe: First Data launches new solution for payment processes and loyalty cards for Mercator
- ING
- Canada: ING completes the sale of ING Canada
- la Caixa
- Spain: la Caixa and Societe Generale launch Self Bank
- MasterCard
- Global: MasterCard increases its stake in Strategic Payments Services to a 52.5%
- Europe: MasterCard Europe and Accor Services tie up to launch PrePay Solutions
- New Zealand: MasterCard to sponsor IRB Rugby World Cup 2011
- US: MasterCard and H&R Block Bank sign a five year extension for debit brand exclusivity
- Royal Bank of Canada
- Canada: RBC extends business banking services in 12 countries
- Visa
- Spain: Visa to work with GSMA to provide mobile financial services
- US: Commerce Bancshares and Visa renew partnership agreement
- US: Navy Federal Credit Union and Visa renew their agreement
- 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
- List of Figures
- Figure 1: The Spend Analyzer is easy to use and useful tool for cardholders in managing their finances, 2009
- Figure 2: There were 47 competitor developments among Datamonitor's list of tracked companies in February, slightly higher than recorded in Q4 2008 and January 2009
- Figure 3: Product development accounted for the majority of activity in January, with M&A picking up but only slightly
- Figure 4: North America, Western Europe and Asia Pacific all featured strongly in this tracker in terms of total number of developments
- Figure 5: Card issuers accounted for the bulk of developments in February with schemes featuring strongly
- Figure 6: Seasonal loyalty and commercial offerings promotions dominated overall competitor product and service category in February
- Figure 7: M&A and partnership activity was prevalent down on the 12-month trend
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