Payment Card Competitor Tracker: June 2009
Datamonitor
July 22, 2009 47 Pages - SKU: DFMN2391519
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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 June
- Chinese Bank's expansion into the UK and an alliance between Visa and NeuStar to provide mobile solutions were the key stories of the month
- Visa and NeuStar announces a strategic alliance for the development and provision of mobile financial services
- China Construction Bank opens its first fully-owned subsidiary in the UK
- Developments picked up in June, recording the highest number of stories this year
- There were 75 developments in the June competitor tracker, compared to the 12-month average of 58
- Product development has continued to drive activity in June, with M&A activity picking up slightly since May
- Asia Pacific and North America were the largest regions for competitor activity in June, in line with the 12-month trend
- Issuers featured strongly in June, ahead of developments associated with schemes/associations
- Developments in rewards and the commercial sector were the biggest areas of interest in June
- Developments in mobile payments continue to gain foothold
- Contactless and innovative solutions featured far less in June but are interesting nonetheless
- Partnership and organic growth accounted for the bulk of activity in M&A, partnership and organic growth
- Product, Services and Innovation
- AEON Credit Service
- Malaysia: AEON Credit Service announces winners of the Cardmembers Achievement Campaign in Asia
- American Express
- US: American Express launches new service to manage consumers' household spending
- Atos-Origin
- Europe: Atos-Origin launches new solution that eases direct debit migration to SEPA
- Bank of America
- US: Bank of America announces new card products to support the fight against breast cancer
- US: Bank of America announces new programs to celebrate 80th MLB All-Star Game in St. Louis
- Barclaycard
- UK: Barclaycard launches contactless enabled Gold and Classic cards
- Capital One
- US: Capital One announces the launch of Card Lab Connect
- China UnionPay
- China: China UnionPay along with other banks issues a credit card themed around national celebration
- Citigroup
- Hungary: Citibank along with Malév to provide free air tickets to all new credit card holders
- Indonesia: Citi launches commercial card
- Korea: Citi launches travel-related offers to its cardholders
- Korea: Citibank Global Transfer Service available through mobile phones
- Malaysia: Citibank and Lembaga Hasil Dalam Negeri Malaysia launch e-tax payment
- Malaysia: Citibank launches Citibank Big 50 contest celebrating its 50th anniversary
- Mexico: Banco Nacional de México launches new Cuenta Maestra product
- Mexico: Banco Nacional de México and MasterCard introduce travel solution
- Peru: Citibank Peru launches new credit card
- The Philippines: Citi launches its mobile banking solution
- The Philippines: Citi extends its array of rewards and benefits
- Poland: Citi Handlowy launches a special offer for micro-businesses and small companies
- Russia: new credit card designed for St. Petersburg car owners
- Singapore: Citibank Singapore and ExxonMobil to roll out drive-through ATMs
- Thailand: Citi launches an enhanced online credit card rewards redemption platform
- Thailand: Citi launches new card campaign in association with Greyhound Café and Thai Airways International
- Thailand: Citi develops e-payment platform for AEROTHAI
- Thailand: Citibank and Thai Airways launch travel campaign
- Thailand: Citi launches 7 New Tips to Rewarding Dining Experiences program
- US: Citi customers win grand prizes in Thanks-A-Million sweepstakes
- Discover
- US: Discover Card launches Account Activity Reminders
- First Data
- US: Compass Group and First Data launch a new consumer loyalty program
- US: Sheetz offers First Data's GO-Tag payment solution
- ICICI Bank
- India: ICICI Bank, mChek to issue electronic cards
- Industrial and Commercial Bank of China
- China: Industrial and Commercial Bank of China issues first co-branded debit card for business trips in China
- China: ICBC launches mobile banking 3G trial version
- JPMorgan Chase
- US: Chase upgrades products and technology in Pacific Northwest
- US: Chase Card Services launches Ultimate Rewards for Freedom and new Sapphire customers
- MasterCard
- US: Citizens partners with MasterCard to launch Citizens Gateway for corporate customers
- US: MasterCard launches contactless payments for airport parking at Norfolk Airport
- Maybank
- Singapore: Maybank announces a new reward program
- PayPal
- UK: American Airlines adds PayPal option for its customers
- US Bancorp
- US: US Bancorp to offer a single Visa card for identification, purchase and secure facility access
- Global: Elavon expands multi-currency capabilities in its international processing platform
- US: US Bancorp launches new payment solution for physician offices
- Visa
- Hong Kong: Cardholders using Visa payWave stand a chance to win Visa spending credit
- India: Visa debit card holders to save 5% on utility bills
- Indonesia: Visa debit card holders stand a chance to win free air tickets
- Japan: Visa offers discounts and privileges to cardholders through Tokyo Style 2009 fashion guide
- Peru: Visa launches commercial mobile payment service
- Singapore: Visa cardholders to win free shopping through Visa debit trolley dash contest
- US: Visa introduces US VisaVue Travel
- M&A, Partnerships and Organic Growth
- American Express
- Brazil: Banco do Brasil and American Express announce partnership
- US: American Express opens its Travel Service Office in Cambridge
- China Construction Bank
- UK: China Construction Bank opens its fully owned subsidiary
- US: China Construction Bank opens its first branch
- China UnionPay
- China: China UnionPay enters into an agreement with the Bank of Communications
- Spain: China UnionPay and La Caixa announce the start of CUP card acceptance for all ATMs
- US: China UnionPay declares that more that 360,000 ATMs in the US accept CUP cards
- Citigroup
- Europe: Citi prepaid service expands its services to clients in five new markets
- Hong Kong: Citibank to provide purchasing cards to Hong Kong government
- Indonesia: Citibank debit card transactions increase by 40%
- South Korea: 10,000 Citi PremierMiles credit cards issued in 10-week period
- Fidelity Information Services
- US: Fidelity Information Services to provide banking solutions to Post Oak Bank
- US: Fidelity Information Services' BancPac core processing solution selected by Bank of Virginia
- First Data
- China: Merchant Solutions and China UnionPay announce an alliance that enables merchants outside of China to accept CUP debit and credit cards
- US: First Data to extend card processing services to Wells Fargo
- GE Money
- The Philippines: Banco De Oro Unibank and GE Capital sign agreement
- Grupo Santander
- London: Santander to rebrand its UK businesses in 2010
- Industrial and Commercial Bank of China
- Canada: ICBC and BEA agree on the sale and purchase of The Bank of East Asia and ICEA Finance Holdings
- MasterCard
- Singapore: cardholder spending in the Great Singapore Sale increases by 7%
- PayPal
- UK: Emirates partners with PayPal
- Royal Bank of Scotland
- Netherlands: RBS and ABN Amro sign agreement for international transaction banking services
- SEB
- Baltic region: SEB consolidates its Baltic operations
- Visa
- Singapore: Visa releases industry directory for payment service providers
- Global: Visa and NeuStar announce strategic alliance
- Thailand: Visa continues collaboration with Tourism Authority of Thailand
- Appendix
- Methodology
- Further reading
- 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 June, competitor developments saw an increase on the previous month with 75 developments overall, ahead of the 12-month average of 58
- Figure 2: June saw an increase in the number of developments relating to both M&A, partnership and organic growth and product, services and innovation
- Figure 3: Asia Pacific accounted for the most stories in June, while South America experienced the highest growth compared to May
- Figure 4: Issuers featured strongly in June with 45 developments in total, well ahead of the 12-month average of 34
- Figure 5: Loyalty/rewards and commercial sectors were the key areas for developments in product/services and innovation in June
- Figure 6: Interestingly, organic growth accounted for the majority of developments in June; while M&A developments saw a decline compared to May and 12-month average
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