Payment Card Competitor Tracker: March 2009
Datamonitor
April 29, 2009 33 Pages - SKU: DFMN2270410
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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 March
- The announcement of partnership between Barclaycard and Orange for the provision of mobile payments was the key story of the month
- Barclaycard and Orange announce a partnership to provide mobile payment services in the UK
- Citi launches Citi Forward, a credit card that rewards customers for using credit wisely in the US
- Developments have picked up in March but are on par with 12-month average
- There were 58 developments in the March competitor tracker, the highest number so far this year
- Product development has driven activity in March, with M&A declining for the first time since November
- The majority of competitor activity occurred in North America, Western Europe and Asia Pacific
- Issuers continue to account for the majority of activity, although are well below the 12 month average
- Developments in rewards and innovations as well as commercial sector were the biggest areas of interest in March
- 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 charge cardholders earn double points on grocery and gas purchases
- ANZ Bank
- Australia: ANZ bank not to charge customers for foreign ATM fees
- Bank of America
- US: Bank of America announces the launch of Add It Up program
- Barclaycard
- UK: Barclays to provide contactless debit card
- BNP Paribas
- France: BNP Paribas to launch co-branded Miles and More MasterCard
- Capital One
- US: Capital One offers small business owners reward miles through its new business account
- Citigroup
- India: Citibank launches Gourmet privilege program
- Indonesia: Citibank introduces Citi Mobile-Thin Client offering
- Japan: Citi Cards Japan hosts charity gala dinner for Diners Club members
- Korea: Citibank introduces Citi PremierMiles credit card
- Mexico: Banamex introduces Business Drive card
- Mexico: Banamex introduces a low interest-rate program for its cardholders
- Philippines: Citi's PremierMiles credit cardholders stand a chance to win round-trip tickets
- Russia: Citibank introduces machine-based cash deposits without using a card
- Thailand: Ayudhya Allianz policyholders can pay premiums through Citibank's One Bill payment service
- Thailand: Citigold customers to have access to the new International SOS service offering global medical support
- Thailand: Citibank launches Hua Hin Chill credit card campaign
- US: Citi launches Citi Forward, a credit card that rewards customers for using credit wisely
- Discover
- US: Pulse to test Acculynk's PaySecure internet PIN debit technology
- First Data
- US: First Data and Urban Trust Bank partner to launch prepaid cards
- GE Money
- Switzerland: GE Money Bank launches MasterCard Gold and Silver credit cards
- MasterCard
- Malaysia: MasterCard to provide customized payment programs to SMEs
- US: Compass group to accept MasterCard PayPass cards at selected cafeterias
- US: PayPass issuance crosses 50 million mark
- US: MasterCard and Official Payments Corp help credit and debit card holders through TurboTax Programs
- US: KeyBank to introduce World Debit MasterCard
- US: MasterCard announces partnership with H&R Block to provide tax services
- Maybank
- Singapore: Maybank to gain entry in mobile directory
- Paypal
- UK: Paypal offers special discounts for Mother's Day
- Royal Bank of Canada
- Canada: Royal Bank of Canada launches remittance service
- Standard Chartered
- Singapore: Standard Chartered launches Visa Infinite credit card
- Thailand: Standard Chartered along with Thai Sky World Tours offers a Hong Kong promotion package
- Swedbank
- Estonia: free insurance cover provided with the use of Amex Blue credit card
- Sweden: Swedbank clients to get discounts on tickets at Russian Theatre production
- TSYS
- US: TSYS Acquiring Solutions launches two all-in-one point-of-sale solutions for SME retailers
- US Bancorp
- US: American Express OnePoint Program marketed by Elavon
- US: U.S. Bank launches Business Cash Rewards Platinum American Express Card with 3% cashback
- US: US Bank launches travel reward program with the AeroMexico and AeroMexico Signature Visa cards
- Visa
- Canada: Visa acquisition cards help to streamline government purchasing process
- Macau: Visa Macau Holiday provides privileges to Visa cardholders
- Thailand, Singapore and Bali: Visa cardholders offered wide range of promotions
- M&A, Partnerships and Organic Growth
- American Express
- China: ICBC and American Express reconfirm their strategic co-operative relationship
- Poland: First Data appointed as merchant processor for American Express cards
- ANZ Bank
- Indonesia: ANZ launches its new global brand in Indonesia
- Atos Origin
- US: Atos Worldline and Thalys International to provide ticketless services
- Bank of Montreal
- Canada: BMO opens a new branch at Westwinds
- Barclaycard
- UK: Barclaycard and Orange announce a partnership to provide mobile payment services
- UK: Barclaycard signs partnership deal with Live Nation
- BNP Paribas
- Belgium, Luxembourg: new terms governing the acquisition of Fortis's activities
- Citigroup
- UK: Citi Prepaid Services to provide a customized prepaid card solution for Tom Tom
- Discover
- Europe: Diners Club and SIX Multipay sign long-term merchant acquiring agreement
- Deutsche Bank
- Europe, the Middle East and Asia: Deutsche Bank partners with Luup International to provide mobile payment services
- FIS
- US: National Bank of Pakistan selects FIS Profile as its processing solution
- ICBC
- China: ICBC and Goldman Sachs announce plans to continue their partnership
- JP Morgan Chase
- US: US Treasury appoints JP Morgan to support US debit card program
- Swedbank
- Sweden: AS Hansapank to be renamed Swedbank
- Visa
- US: Preferred Health Technology makes Visa the payment brand for its medical payment solution
- US: Visa launches an advertising campaign: More People Go with Visa
- 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: There were 58 competitor developments among Datamonitor's list of tracked companies in March, much higher than recorded in Q4 2008 and the beginning of 2009
- Figure 2: Product development accounted for the majority of activity in March, with M&A declining slightly
- Figure 3: Asia Pacific featured strongly in this tracker behind North America and increasingly ahead of Western Europe
- Figure 4: Card issuers accounted for the bulk of developments in March with schemes featuring strongly
- Figure 5: Seasonal loyalty and commercial promotions dominated the overall competitor product and service category in March
- Figure 6: Partnership activity was prevalent and slightly ahead of the 12-month trend
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