Payment Card Competitor Tracker: September 2009
Datamonitor
October 20, 2009 39 Pages - SKU: DFMN2482317
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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
- 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 September
- In September, the key story was the extension of MasterCard and Visa mobile payment trials
- MasterCard and Visa continue to drive mobile payment trials and implementation globally
- Citi announced the sale of its ownership in three North American card portfolios as it seeks to focus on its core businesses
- Mashreq announced the launch of Mashreq Assist, a new debt counseling service for its customers in the UAE
- There were 66 developments in September, slightly ahead of the 12-month average
- There were 66 developments in the September competitor tracker, compared to the 12-month average of 55
- Product services and innovation was responsible for the rise in activity in September
- Interestingly, Western Europe was the busiest region for competitor activity in September
- Issuers featured strongly in September, with schemes and processors broadly in line with the 12-month trend
- Apart from developments in new payment technology there were innovative services introduced in September
- Schemes are continuing to push the rollout of contactless technology
- Partnerships accounted for the bulk of activity in M&A, partnership and organic growth
- Product, Services and Innovation
- American Express
- Sweden: American Express and SAS announce their partnership
- US: American Express introduces a new marketing campaign for its charge card portfolio
- US: American Express offers destination family program for cardholders
- US: American Express announces enhancements to its Membership Rewards program
- ANZ Bank
- Australia: ANZ Bank and MySpace launch reloadable prepaid Visa card
- Australia: ANZ modifies exception fees on personal accounts
- Bank of America
- US: Bank of America introduces BankAmericard Visa card
- Barclaycard
- UK: Barclaycard introduces mybarclaycard, a new online account servicing system
- UK: Barclaycard launches a credit card qualification check service
- BBVA
- Spain: BBVA signs agreement with the Spanish Confederation of Police to offer financial products and services
- Citigroup
- Greece: Athens medical center partners with Citibank
- Hungary: Citibank credit card customers can opt for cancer coverage program
- Hungary: Magyar Telekom-Citibank co-brand credit card offers benefits to T-Home and T-Mobile customers
- Singapore: Citibank and MasterCard launch a new cash back credit card
- Taiwan: Citi launches consumer credit education program
- US: Citi launches Citi Virtual card accounts for institutions
- Discover
- Canada: Interac and Pulse agree to provide cash access to Diners Club, Discover and Pulse cardholders
- DnB NOR
- Norway: DnB NOR customers increase SMS banking
- Erste Bank
- Austria: Erste Bank and Sparkassen introduce ATM card with student ID valid worldwide
- First Data
- US: First Data and RSA to provide layered security to protect merchant data
- Industrial and Commercial Bank of China
- China: ICBC to launch a promotional activity by offering discounts on transfer and remittance service
- China: ICBC offers discount on internet-banking transfer and remittance for VIP customers
- JPMorgan Chase
- US: Chase Card Services introduces Chase Blueprint
- Mashreqbank
- UAE: Mashreqbank launches debt counseling service
- MasterCard
- Asia Pacific and the Middle East: MasterCard accelerates mobile payment facility
- Belgium: MasterCard Advanced Authentication for Chip supported by four vendors
- Europe: MasterCard Europe collaborates with Dataflexnet to provide travel spend management solutions
- North America: Tim Horton to accept MasterCard PayPass in its restaurant chain
- UAE: Jumeirah Group in association with MasterCard worldwide introduces offers for its premium members
- UK: MasterCard to provide electronic payments solution to UK public sector under the new OGC framework
- US: Wal-Mart launches associate electronic pay program with MasterCard and First Data
- PayPal
- UK: Monarch and PayPal offer fee waivers to celebrate their two year partnership
- UK: PayPal plans to offer global payments platform to third-party developers
- Russian Standard Bank
- Russia: Russian Standard Bank's membership rewards loyalty program completes its first year
- UniCredit Group
- Austria: Bank Austria introduces StudentenKonto, a student account along with a Maestro cash card
- US Bancorp
- UK: Elavon and Santander announce the launch of a new alliance for merchant services
- Visa
- Australia: Visa and NAB to introduce contactless payment technology to more than 500 retailers
- Europe: Visa Europe, Credito Valtellinese and Key Client Cards announce trial of contactless V PAY debit card payments through mobile phone
- Hong Kong: Visa partners with Hong Kong Parkview and Lee Gardens to provide privileges to its Infinite cardholders
- Pakistan: Visa partners with United Bank Limited Pakistan and local agencies to distribute funds through its prepaid card
- Vietnam: Visa and Citimart launched promotional events to promote card payment usage
- Wells Fargo
- US: Wells Fargo expands ExpressSend remittance service to online channel
- US: Wells Fargo announces its new mobile person-to-person payment option
- M&A, Partnerships and Organic Growth
- Bank of Montreal
- China: BMO obtains approval from the China Banking Regulatory for incorporating a wholly-owned subsidiary bank
- BNP Paribas
- Luxembourg: BGL becomes BGL BNP Paribas
- Citigroup
- China: Citi's Bank Services Group partners with Agricultural Bank of China for international payments
- China: Citibank signs a remittance agreement with Bank of China
- Korea: Citi to establish financial holding company
- Korea: Kookmin Bank partners with Citi for international payments processing solutions
- North America: Citi sells its three North American partner credit card portfolios
- China Unionpay
- China: CUP and CPLP enter into memorandum of understanding
- China: CUP Standard Pacific 'Golden' Color World Expo debit card crosses 1.5 million mark
- Discover
- Europe: Pulse and Trionis sign long-term ATM acceptance agreement
- Fidelity Information Services
- UK: ING Direct UK renews outsourcing agreement with Fidelity Information Services
- US: Fidelity National Information Services and Metavante receive clearance regarding their planned merger
- First Data
- Turkey: First Data renews its agreement with Akbank
- US: First Data and Web.com to provide online marketing and e-commerce solutions
- JPMorgan Chase
- US: JPMorgan Chase to provide purchase card services to University System of Ohio
- Mashreqbank
- UAE: Mashreqbank expands its ATM network in Dubai Metro
- Nordea
- Denmark: Nordea acquires Fionia bank
- Standard Chartered
- Korea: Standard Chartered announces the disposal of its stake in Korean card business processing
- US Bancorp
- Western Europe: Elavon announces the acquisition of Citibank's Diners Club Card portfolio
- UK: Elavon and Santander announce partnership to supply merchant services
- US: Elan Financial Services partners with Associated Bank to offer credit card services
- US: Elan Financial Services enters into a partnership with KeyBank for credit card products and services
- Visa
- South Africa: Visa report shows higher international Visa cardholder spending in relation to the 2010 FIFA world cup
- 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, 2009-10
- List of Figures
- Figure 1: In September, competitor developments saw an increase on the previous month, with 66 developments, slightly above the 12-month average of 55
- Figure 2: September witnessed a significant rise in the number of developments relating to product, services and innovation
- Figure 3: Western Europe accounted for the most stories in September, well ahead of the 12-month trend
- Figure 4: Issuers accounted for the most activity in September, with 38 developments in total, ahead of 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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