Payment Card Competitor Tracker: May 2009
Datamonitor
June 18, 2009 13 Pages - SKU: DFMN2290605
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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.
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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 May
- M&A activity in Asia and a new roll-out of contactless terminals in the UK were the key stories of the month
- American Express and China's ICBC announced the completion of a share transfer
- RBS and MasterCard announced a contactless trial at Boots in the UK
- Developments dropped slightly below the 12-month average in May
- There were 53 developments in the May competitor tracker, a decrease from April
- Product development has continued to drive activity in May, with M&A activity dropping slightly since April
- Asia Pacific and North America were the largest regions for competitor activity in May, but Western Europe saw the highest growth
- Schemes/associations featured strongly in May, on a par with developments associated with issuers
- Developments in rewards and innovations, and the mobile sector were the biggest areas of interest in May
- Partnership and organic growth accounted for the bulk of activity in M&A, partnership and organic growth
- Product, Services and Innovation
- American Express
- US: American Express announces new benefits through Delta SkyMiles credit cards
- US: American Express launches DailyWish for its card members
- US: American Express and SCORE expand their alliance to help small businesses
- Barclaycard
- Europe: Barclaycard and Visa Europe to test a new payment card for Deloitte employees
- UK: Barclaycard launches upgraded mobile banking service
- UK: Barclaycard reduces balance transfer fee
- UK: Barclays and Barclaycard welcome RBS and MasterCard's contactless trial at Boots
- Citigroup
- Korea: Citi launches 'Happy Family, Happy Smiles' campaign
- Poland: Citi offers merchant discount program for account debit card holders
- Poland: Citi credit card holders win MINI Cooper cars
- Singapore: Citibank and Singapore Airlines collaborate to provide travel benefits
- Thailand: Citi introduces dining and entertainment benefits in its 'Pattaya Chill' campaign
- Crédit Agricole
- France: Finaref launches in-store subscriptions of its Kangourou card
- France: Finaref and American Express offer benefits in Great Members program
- Discover Financial Services
- US: Pulse, in association with MoneyPass network, launches surcharge-free ATM network
- US: Discover offers double cashback bonus or double miles
- DnB NOR
- Norway: DnB NOR and Telenor test the first contactless mobile phone payment solution
- Industrial and Commercial Bank of China
- China: ICBC and Air China announce the launch of Air China PhoenixMiles Peony Credit Card
- China: ICBC conducts table tennis games for Peony credit card holders
- MasterCard
- US: MasterCard mobile MoneySend service set to be operational
- US: MLB.com and MasterCard announce an online ticket savings program
- Standard Chartered
- China: Standard Chartered launches Straight2Bank
- Malaysia: Standard Chartered Berhad launches JustOne
- Thailand: Standard Chartered Bank offers special promotional program for cardholders in association with Thai Sky World Tours
- Swedbank
- Sweden: Swedbank changes the terms and conditions of charge card usage
- Visa
- Australia: Visa launches its first global advertising campaign
- Canada: Visa and Subway to provide contactless payment services to customers
- Hong Kong: Visa's Platinum and Infinite cards to provide special benefits and privileges for its cardholders
- India: ICICI Bank to issue Visa debit cards in the US
- India: Visa's new debit card commercial to increase awareness of debit cards at POS terminals
- Thailand: Visa launches debit card promotion nationwide
- Wells Fargo
- US: Wells Fargo offers products and services to help domestic and international travelers
- US: Wells Fargo expands its mobile banking services to iPhone and iPod touch users
- M&A, Partnerships and Organic Growth
- American Express
- China: American Express and ICBC announce the completion of share transfer
- Bank of America
- US: Bank of America changes name to increase focus on NASCAR banking products at Lowe's Motor Speedway
- BNP Paribas
- Belgium: BNP Paribas completes the acquisition of Fortis Bank
- China UnionPay
- China: China UnionPay introduces acceptance business in additional nine countries
- Commerzbank
- Germany: Dresdner Bank merged into Commerzbank
- Fidelity Information Services
- US: Fidelity Information Services selected to provide processing solutions to the Four County Bank
- US: Fidelity Information Services signs agreement with Scottrade
- First Data
- UK: First Data announces contract renewals for FirstVision
- HSBC
- Indonesia: HSBC completes acquisition of 88.89% of Bank Ekonomi
- MasterCard
- Belgium: MasterCard Europe reports growth in first quarter
- Latin America and the Caribbean: MasterCard report growth in first quarter
- UK: MasterCard announces partnership with Boots UK to provide contactless payment services
- UK: Travelex to extend its brand relationship with MasterCard
- US: MasterCard announces a multi-year contract extension with Fifth Third Bank
- US: MasterCard announced a marketing and consumer education campaign targeted at US Hispanic consumers
- US: US Postal Service and Dunkin' Donuts join MasterCard easy savings program
- TSYS
- Brazil: TSYS signs a multi-year contract with Banco Carrefour
- Japan: TSYS to process Visa-branded prepaid cards
- Visa
- Korea: Visa introduces new offers for cardholders visiting Korea
- Taiwan: Visa partners with the Taiwan Tourism Bureau to launch a promotional program
- US: Total spending on Visa debit card exceeds credit card volume
- 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 May competitor developments saw a marginal decrease on the previous month with 53 developments overall and this remains slightly lower than the 12-month average of 58
- Figure 2: M&A, partnership and organic growth developments dropped slightly in May but remained at a higher level then observed during first quarter of 2009
- Figure 3: While Asia Pacific and North America accounted for the most stories in May, Western Europe experienced the highest growth
- Figure 4: Schemes/associations featured strongly in May with 24 developments in total, well ahead of the 12-month average of 17
- Figure 5: Loyalty/rewards and commercial sectors were the key areas for developments in product/services and innovation in May
- Figure 6: Partnerships accounted for the majority of developments while M&A developments saw an increase in May on the previous month
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