Payment Card Competitor Tracker: Quarter Four, 2006 : Market Research Report

Payment Card Competitor Tracker: Quarter Four, 2006

Published by: Datamonitor

Published: Mar. 29, 2007 - 66 Pages

Overview: Catalyst; Summary; Methodology
Table of Contents
Overview: Catalyst; Summary; Methodology
Introduction: Who is the target reader?; Changes to the format of the Competitor Tracker in 2007; The Payment Card Competitor Tracker is now organised by theme; An extended, topic driven commentary replaces the Cards & Payments Team view; How to use the Payment Card Competitor Tracker
Product, Services, and Innovation: Card product developments; Processor product and service developments; New technologies and product innovation; China: ICBC launches an American Express corporate card; Saudi Arabia: American Express launches Blue; Thailand: American Express and Citibank fight over Thai middle class; US: American Express and JetBlue Airways launch co-brand small business card; US: American Express to offer cashback on small business cards; US: American Express launches super-premium reward suite; Australia: ANZ and Westpac launch prepaid gift cards; Australia: ANZ launches a card personalisation program; Germany: Atos Origin offers card instalment credit processing; US: Bank of America launches co-brand credit card with Caremark; US: Bank of America to launch co-brand with Aetna; US: Bank of America launches affinity banking; US: Bank of America to issue Dallas Cowboys branded cheques; UK: MBNA sells UK savings account business to Yorkshire Building Society; UK: Barclaycard to offer Oyster and Visa contactless functionality on its cards; UK: Barclaycard has one million subscribers to online security system; Czech Republic: Citibank and Shell launch a new co-brand credit card; Egypt: Citibank offers interest free promotion in partnership with Beymen Cairo; Germany: Citibank offers free cash withdrawals to credit cardholders; Greece: Citibank launches a co-brand with Tellas; Hungary: Citibank and Shell launch a new co-brand credit card; India: Citibank and South Indian Bank launch co-brand; Mexico: Banamex and MasterCard launch PayPass; Mexico: Banamex launches a co-brand with Costco; Philippines: Citibank publishes educational material for first-time credit cardholders; Singapore: Citibank launches biometric payments for platinum cardholders; US: Citigroup, MasterCard, and Nokia trial PayPass in a mobile phone handset; US: Citibank upgrades the Home Depot Rewards MasterCard to its ThankYou network; Canada: First Data supports launch of Cineplex gift card; Canada: First Data to offer INTERAC services in 2007; Germany: First Data migrates 1.1 million cards to its processing platform; China: GE and Wal-Mart issue cards in partnership with Shenzhen Development Bank; US: GE Consumer Finance and Stein Mart announce co-brand; Spain: Santander launches premium debit product for foreign customers; Netherlands: JCB expands NFC trial; Canada: Chase launches co-brand with Marriott; US: Chase launches co-brand with Soccer United Marketing; US: Chase launches co-brand with Miami HEAT; US: Chase launches co-brand with Nashville Predators; Belgium: KBC announces repricing of its banking and card products; Europe: MasterCard announces Maestro fallback interchange rate for SEPA; Europe: MasterCard announces further PayPass trials; Germany: Sparda-Banks to convert debit portfolio to Maestro; Taiwan: MasterCard expands PayPass acceptance; US: MasterCard announces an expansion in PayPass acceptance; US: MasterCard trials PayPass in toll road environment; US: MasterCard announces first PayPass acceptance in taxis; US: MasterCard announces the launch of its prepaid card reloading service; US: Discover launches online shopping portal for cardholders; National Australia Bank; Australia: National Australia Bank announces plans to issue on China UnionPay; Europe: TSYS certified to process MasterCard prepaid cards; Austria: Visa announces the first V PAY transaction; Germany: Volksbanken und Raiffeisenbanken to co-brand with V PAY; Germany: Visa announces B+S as a V PAY acquirer; Switzerland: Visa announces new V PAY acquirer; US: Visa launches its first prepaid card with contactless functionality; US: Visa announces an expansion in prepaid infrastructure; New Zealand: Westpac launches Visa branded debit card; UK: Lloyds TSB launches debit card savings product; M&A, Partnerships and Organic Growth; Roundup of the key developments in Q4 2006; Merger and acquisition activity; New partnerships and contract renewals; Organic growth and expansion; Aeon announces plans to allow China UnionPay cardholders to use its Japnese network; American Express; Global: American Express to outsource prepaid card processing to eFunds; Australia: ANZ to buy the Quantas Frequent Flyer program; Belgium: Atos Origin completes acquisition of Banksys and BCC; Bank of America; US: Bank of America extends more than 70 affinity relationships; Norway: EnterCard and SpareBank 1 extend partnership agreement; Uganda: Barclays acquires Nile Bank; US: Capital One completes the acquisition of North Fork Bancorporation; Australia: Citibank buys Bank of Queensland's credit card portfolio; Central America: Citigroup announces the acquisition of Grupo Financiero Uno; Central America: Citigroup announces the acquisition of Grupo Cuscatlan; China: Citibank to expand its ATM infrastructure; Turkey: Citigroup acquires a 20 per cent equity interest in Akbank; Venezuela: Citibank expands network of cash accepting ATMs; Ukraine: Erste Bank acquires Bank Prestige; Asia: First Data strikes deal with Standard Chartered across Asia; Argentina: First Data completes acquisition of Argencard; Europe, Africa: First Data wins contract to support Société Générale's international expansion program; Germany: First Data extends acquiring processing contract with Concardis; Germany: First Data sells easycash; Guatemala: First Data signs payment processing agreement with Tarjetas Cuscatlan de Guatemala; Romania: First Data launches processing services for Cetelem; Trinidad & Tobago: First Data signs processing agreement with First Citizens Bank; UK: First Data renews Lloyds TSB processing contract; US: First Data renews agreement with First Federal; US: First Data renews agreement with Wells Fargo; US: First Data renews processing agreement with Advanta Bank; US: First Data renews STAR Network relationship with Oswego Community Bank; India: GE and SBI joint venture hits the 3 million card mark; Latvia: GE Money takes a majority stake in Baltic Trust Bank; Central America: HSBC completes acquisition of Grupo Banistmo; India: HSBC (India) reaches the two million credit card mark; Austria: JCB signs an agreement with Europay Austria to expand its acceptance; China: JCB forms a further issuing partnership; US: Chase Bank to place ATMs in Walgreens stores in a further two states; US: Chase finalises the acquisition of Bank of New York portfolios; KBC; Czech Republic: KBC moves closer to full ownership of CSOB; Global: Morgan Stanley to spin off Discover; Global: Discover and China Unionpay complete reciprocal acceptance agreement; Global: Morgan Stanley and Visa settle antitrust dispute; Russia: Nordea acquires a majority stake in Orgresbank; Russia: Nordea divests shareholding in International Moscow Bank; Royal Bank of Scotland; UK: RBS joins with subpostmasters to install free-to-use ATMs; China: Standard Chartered announces plans to enter China; Taiwan: Standard Chartered acquires Hsinchu; Netherlands: TSYS to process for Rabobank; US: TSYS Prepaid reaches 11 million healthcare accounts; Asia-Pacific: EMV chip cards reached 52 million in June; Croatia: Visa sees strong demand for credit cards; Russia: Visa announces growth in card issuance; Serbia and Montenegro: Visa announces growth in card issuance; Spain: Visa commercial card use rises; US: Visa reports strong growth in sales volume; Ireland: Fortis and An Post form joint banking venture; Italy: SIA and SSB announce merger plan; Singapore: DBS annouces it has issued one million cards; South Korea: Shinhan acquires a majority stake in LG Card; UK: Prudential rejects bid for Egg
Staffing, Strategy, and Financial Results: Group: Barclays announces board changes; Group: BBVA announces new management structure; Global: Citigroup name new chief operating officer; Grupo Santander; Group: Santander makes appointments to its International Advisory Board; Group: Nordea announces board changes; Group: Standard Chartered announces board changes; Europe: Visa appoints new head of European marketing; Global: Visa announces global restructuring; China: China Merchants Bank to focus on its credit card portfolio
APPENDIX: Methodology; Further reading; Ask the analyst; Datamonitor consulting; Disclaimer
Introduction: Who is the target reader?; Changes to the format of the Competitor Tracker in; The Payment Card Competitor Tracker is now organised by theme; An extended, topic driven commentary replaces the Cards & Payments Team view; How to use the Payment Card Competitor Tracker
Product, Services, and Innovation: Roundup of the key developments in Q4; Card product developments; The majority of developments this quarter have been in co-branding; The move to SEPA has driven further changes and developments; Other interesting developments revolve around creating a point of difference in niche market segments; Processor product and service developments; The launch of products into new markets dominated developments in this quarter; New technologies and product innovation; The majority of product developments are in the area of contactless payments; Contactless payments continue to develop in the US while the momentum gathers elsewhere; American Express; China: ICBC launches an American Express corporate card; Saudi Arabia: American Express launches Blue; Thailand: American Express and Citibank fight over Thai middle class; US: American Express and JetBlue Airways launch co-brand small business card; US: American Express to offer cashback on small business cards; US: American Express launches super-premium reward suite; ANZ Bank; Australia: ANZ and Westpac launch prepaid gift cards; Australia: ANZ launches a card personalisation program; Atos Origin; Germany: Atos Origin offers card instalment credit processing; Bank of America; US: Bank of America launches co-brand credit card with Caremark; US: Bank of America to launch co-brand with Aetna; US: Bank of America launches affinity banking; US: Bank of America to issue Dallas Cowboys branded cheques; UK: MBNA sells UK savings account business to Yorkshire Building Society; Barclaycard; UK: Barclaycard to offer Oyster and Visa contactless functionality on its cards; UK: Barclaycard has one million subscribers to online security system; Citigroup; Czech Republic: Citibank and Shell launch a new co-brand credit card; Egypt: Citibank offers interest free promotion in partnership with Beymen Cairo; Germany: Citibank offers free cash withdrawals to credit cardholders; Greece: Citibank launches a co-brand with Tellas; Hungary: Citibank and Shell launch a new co-brand credit card; India: Citibank and South Indian Bank launch co-brand; Mexico: Banamex and MasterCard launch PayPass; Mexico: Banamex launches a co-brand with Costco; Philippines: Citibank publishes educational material for first-time credit cardholders; Singapore: Citibank launches biometric payments for platinum cardholders; US: Citigroup, MasterCard, and Nokia trial PayPass in a mobile phone handset; US: Citibank upgrades the Home Depot Rewards MasterCard to its ThankYou network; First Data; Canada: First Data supports launch of Cineplex gift card; Canada: First Data to offer INTERAC services in; Germany: First Data migrates 1.1 million cards to its processing platform; GE Consumer Finance; China: GE and Wal-Mart issue cards in partnership with Shenzhen Development Bank; US: GE Consumer Finance and Stein Mart announce co-brand; Grupo Santander; Spain: Santander launches premium debit product for foreign customers; JCB; Netherlands: JCB expands NFC trial; JP Morgan Chase; Canada: Chase launches co-brand with Marriott; US: Chase launches co-brand with Soccer United Marketing; US: Chase launches co-brand with Miami HEAT; US: Chase launches co-brand with Nashville Predators; KBC; Belgium: KBC announces repricing of its banking and card products; MasterCard; Europe: MasterCard announces Maestro fallback interchange rate for SEPA; Europe: MasterCard announces further PayPass trials; Germany: Sparda-Banks to convert debit portfolio to Maestro; Taiwan: MasterCard expands PayPass acceptance; US: MasterCard announces an expansion in PayPass acceptance; US: MasterCard trials PayPass in toll road environment; US: MasterCard announces first PayPass acceptance in taxis; US: MasterCard announces the launch of its prepaid card reloading service; Morgan Stanley; US: Discover launches online shopping portal for cardholders; National Australia Bank; Australia: National Australia Bank announces plans to issue on China UnionPay; TSYS; Europe: TSYS certified to process MasterCard prepaid cards; Visa; Austria: Visa announces the first V PAY transaction; Germany: Volksbanken und Raiffeisenbanken to co-brand with V PAY; Germany: Visa announces B+S as a V PAY acquirer; Switzerland: Visa announces new V PAY acquirer; US: Visa launches its first prepaid card with contactless functionality; US: Visa announces an expansion in prepaid infrastructure; Westpac; New Zealand: Westpac launches Visa branded debit card; Other competitors; UK: Lloyds TSB launches debit card savings product
M&A, Partnerships and Organic Growth: Roundup of the key developments in Q4; Merger and acquisition activity; The majority of M&A activity was concentrated on developing markets; Other important developments saw Discover spun off and further consolidation in the European processing market; New partnerships and contract renewals; Several of the new partnerships formed this quarter signal major strategic moves; The renewal of existing agreements has also been important; Organic growth and expansion; Several players have announced strong growth in issuance and usage; Growth in infrastructure has been an important theme this quarter; AEON Credit Service; Aeon announces plans to allow China UnionPay cardholders to use its Japnese network; American Express; Global: American Express to outsource prepaid card processing to eFunds; ANZ Bank; Australia: ANZ to buy the Quantas Frequent Flyer program; Atos Origin; Belgium: Atos Origin completes acquisition of Banksys and BCC; Bank of America; US: Bank of America extends more than 70 affinity relationships; Barclaycard; Norway: EnterCard and SpareBank 1 extend partnership agreement; Uganda: Barclays acquires Nile Bank; Capital One; US: Capital One completes the acquisition of North Fork Bancorporation; Citigroup; Australia: Citibank buys Bank of Queensland's credit card portfolio; Central America: Citigroup announces the acquisition of Grupo Financiero Uno; Central America: Citigroup announces the acquisition of Grupo Cuscatlan; China: Citibank to expand its ATM infrastructure; Turkey: Citigroup acquires a 20 per cent equity interest in Akbank; Venezuela: Citibank expands network of cash accepting ATMs; Erste Bank; Romania: Erste Bank completes acquisition of Banca Comerciala Romana; Ukraine: Erste Bank acquires Bank Prestige; First Data; Asia: First Data strikes deal with Standard Chartered across Asia; Argentina: First Data completes acquisition of Argencard; Europe, Africa: First Data wins contract to support Société Générale's international expansion program; Germany: First Data extends acquiring processing contract with Concardis; Germany: First Data sells easycash; Guatemala: First Data signs payment processing agreement with Tarjetas Cuscatlan de Guatemala; Romania: First Data launches processing services for Cetelem; Trinidad & Tobago: First Data signs processing agreement with First Citizens Bank; UK: First Data renews Lloyds TSB processing contract; US: First Data renews agreement with First Federal; US: First Data renews agreement with Wells Fargo; US: First Data renews processing agreement with Advanta Bank; US: First Data renews STAR Network relationship with Oswego Community Bank; GE Consumer Finance; India: GE and SBI joint venture hits the 3 million card mark; Latvia: GE Money takes a majority stake in Baltic Trust Bank; HSBC; Central America: HSBC completes acquisition of Grupo Banistmo; India: HSBC (India) reaches the two million credit card mark; JCB; Austria: JCB signs an agreement with Europay Austria to expand its acceptance; China: JCB forms a further issuing partnership; JP Morgan Chase; US: Chase Bank to place ATMs in Walgreens stores in a further two states; US: Chase finalises the acquisition of Bank of New York portfolios; KBC; Czech Republic: KBC moves closer to full ownership of CSOB; Morgan Stanley; Global: Morgan Stanley to spin off Discover; Global: Discover and China Unionpay complete reciprocal acceptance agreement; Global: Morgan Stanley and Visa settle antitrust dispute; Nordea; Russia: Nordea acquires a majority stake in Orgresbank; Russia: Nordea divests shareholding in International Moscow Bank; Royal Bank of Scotland; UK: RBS joins with subpostmasters to install free-to-use ATMs; Standard Chartered; China: Standard Chartered announces plans to enter China; Taiwan: Standard Chartered acquires Hsinchu; TSYS; Netherlands: TSYS to process for Rabobank; US: TSYS Prepaid reaches 11 million healthcare accounts; Visa; Asia-Pacific: EMV chip cards reached 52 million in June; Croatia: Visa sees strong demand for credit cards; Russia: Visa announces growth in card issuance; Serbia and Montenegro: Visa announces growth in card issuance; Spain: Visa commercial card use rises; US: Visa reports strong growth in sales volume; Other competitors; Ireland: Fortis and An Post form joint banking venture; Italy: SIA and SSB announce merger plan; Singapore: DBS annouces it has issued one million cards; South Korea: Shinhan acquires a majority stake in LG Card; UK: Prudential rejects bid for Egg
Staffing, Strategy, and Financial Results: Barclaycard; Group: Barclays announces board changes; BBVA; Group: BBVA announces new management structure; Citigroup; Global: Citigroup name new chief operating officer; Grupo Santander; Group: Santander makes appointments to its International Advisory Board; Nordea; Group: Nordea announces board changes; Standard Chartered; Group: Standard Chartered announces board changes; Visa; Europe: Visa appoints new head of European marketing; Global: Visa announces global restructuring; Other competitors; China: China Merchants Bank to focus on its credit card portfolio
APPENDIX: Methodology; Further reading; Ask the analyst; Datamonitor consulting; Disclaimer

Abstract

Introduction

The Payment Card Competitor Tracker provides expert analysis and opinion on the strategic moves of leading competitors in the payment cards market. Produced on a quarterly basis, the Tracker is a global product and consistently covers players such as American Express, Barclaycard, Capital One, Citigroup, GE Consumer Finance, HSBC, JCB, MasterCard, Morgan Stanley, Standard Chartered and Visa.Scope

Highlights

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Provides invaluable information on your key competitors in one place Keeps you fully informed through quarterly updates straight to your desktop Gives you the Datamonitor Cards & Payments Team's view on your competitors' strategies

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Payment Card Competitor Tracker: Quarter Four, 2006

Table of Contents

Abstract