Payment Card Competitor Tracker, Quarter Four 2007 : Market Research Report

Payment Card Competitor Tracker, Quarter Four 2007

Published by: Datamonitor

Published: Feb. 7, 2008 - 61 Pages

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 organized 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 2007; Card product developments; Several issuers took advantage of the holiday season by launching gift cards; Environmental and charitable concerns remain at the core of several new products; Issuers have been busy issuing premium products; ANZ Bank has developed a loyalty program based on repayments; Issuers continue to see value in co-branded products; Processor product and service developments; First Data launches new merchant acquiring business in Canada; New technologies and product innovation; Issuers are increasingly using dedicated sites to reach to and educate their customers; Mobile payments remain firmly on the agenda; American Express; Cambodia: American Express launches card with MekongBank; US: American Express launches customizable gift card; US: American Express announces free delivery on gift cards for the holiday season; US: American Express announces fee-free gift card promotion; US: American Express offers free gift card with online purchase; US: American Express introduces online donation program; ANZ Bank; Australia: ANZ Bank offers rewards based on repayments; Australia: ANZ launches new website for women; Bank of America; US: Bank of America launches Brighter Planet credit card; US: Bank of America's Mobile Banking announces strong growth; US: Bank of America launches Quarter Back Sweepstakes; US: Bank of America launches online banking microsite; US: Bank of America unveils new cash handling device; US: Bank of America re-launches BankAmericard credit card; Barclaycard; UK: Barclays launches gift card for Christmas; BBVA; Europe: BBVA completes SEPA credit transfers testing; Mexico: BBVA Bancomer deploys 13,000 mobile POS terminals in Mexico; Capital One; US: Capital One and NetSpend expand agreement; US: Capital One launches Card Lab online tool; Citigroup (incl. Diners Club); Asia-Pacific: Citibank and DiGi offer SMS global remit; Asia-Pacific: Citi Malaysia offers SMS payment service; Bahrain: Citibank offers global service to customers; Belgium: Citibank introduces Citi Travel Pass MasterCard; Belgium: Citibank offers product to spread fuel payments; Greece: Citibank offers card reward program aimed at men; Greece: January Citibank Card purchases support charity; Hungary: Citibank offers global service to customers; Hungary: Citibank launches photo debit card; Japan: Citibank offers new service for Citigold customers; Japan: Citibank launches e-Savings online savings account; Korea: Citibank customers encouraged to switch to electronic statements; Malaysia: Citibank offers global service to customers; Malaysia: Citibank & Shell launch Shell Citibank Credit Card; Philippines: Citibank announces green credit card campaign; Philippines: Citibank offers midnight shopping to card holders; Philippines: Citibank and Rustan's launch Christmas shopping campaign; Romania: Citibank facilitates bill payments collection in rural areas; Russia: Citibank Introduces 10% cash back on card purchases; Singapore: Citibank launches online portal; Thailand: Citibank launches rewards scheme with Thai Airways; Thailand: Citibank center offers extended service hours during holiday season; UAE: Citibank-Damas promotion gives away Dh1 million ($272,000) a month; UAE: Citibank offers global service to customers; UK: Citi offers added incentives to Polish nationals; UK: Citibank announces global payments service with Equiniti; US: Citibank announces fee-free money transfer to Mexico; Discover; PULSE introduces the DebitProtect fraud detection system; US: Discover launches Credit ScoreTracker; US: Discover Card launches eGift card; Erste Bank; Austria: Erste Bank introduces Junior ProfitCard for young savers; First Data; Canada: First Data announces new merchant acquiring business in Canada; GE Money; Poland: GE Money and Ryanair introduce co-branded credit card; Switzerland: GE Money, Migros unveil personalized credit card; UK: GE Money announce arrival of mobile phone financial system; US: GE Money announces the launch of co-brand card partnership with Joe's Sports & Outdoor; US: GE Money renews co-brand card agreement with Thomasville Furniture Industries; US: GE Money and the NTA extend co-brand card deal; JCB; Group: JCB mobile contactless development through Gemalto; JP Morgan Chase; US: Chase launches World MasterCard for business; US: Chase launches debit card usage promotion; US: Chase announces expansion of credit card pricing scheme; US: Chase and Continental Airlines introduce World MasterCard; US: Chase offers Chase gift cards; MasterCard; Germany: MasterCard Worldwide launches travel data solution; US: MasterCard launches Payment Gateway; US: MasterCard launches World MasterCard for business; RBS; UK: NatWest & RBS update on Use Cash Machine Initiative; UK: RBS trials mobile payments; Standard Chartered; Thailand: 5% cash back with Standard Chartered credit card and Caltex; TSYS; China: CUP Data Completes Data Conversion in China; Visa; Australia: VCARD launched in Australia; Europe: Visa Europe presenting multi-application cards; Europe: Visa Europe launches Instant Issuance Solution; Europe: Visa Europe and Monitise plc developing mobile prepaid shopping voucher; Europe: V PAY card issuing commitments at 20 million; Global: Visa announces more mobile payment trials; Hong Kong: Visa's short term promotional campaign in Hong Kong International Airport; India: Visa Money Transfer on mobile in India; Switzerland: Visa payWave launched; UK: Visa Europe announces first large scale UK mobile pilot for payments; M&A, Partnerships and Organic Growth; Roundup of the key developments in Q4 2007; Merger and acquisition activity; New partnerships and contract renewals; Organic growth and expansion; American Express; Lithuania: American Express launches card with Parex Bankas; US: First Data and American Express sign sales and servicing agreement; US: American Express forms gift card partnership with Bank of America; US: American Express accepted at Food Lion Stores; US: American Express and Simon Property Group launch joint gift card; US: American Express announces marketing partnership with Clear; US: American Express adds Virgin and Hawaiian Airlines to Flight Finder; ANZ Bank; Australia: ANZ opens its 80th branch; Bank of America; US: Bank of America launches partnership with Health Net; US: Bank of America completes purchase of LaSalle Bank; Capital One; US: Capital One and NetSpend expand agreement; Citigroup (incl. Diners Club); Hungary: Citibank opens banking center in Budapest; Erste Bank; Croatia: Erste Bank sells stake in Diners Club Adriatic; Slovenia: Erste Bank announces cooperation with Kärntner Sparkasse; First Data; Asia-Pacific: First Data and Standard Chartered launch joint venture; Brazil: First Data completes acquisition of Check Forte; Canada: First Data to provide processing services for Tim Hortons pre-paid card; Canada: First Data launches merchant acquiring business in Canada; Europe: First Data to support Société Générale Consumer Finance expansion; Ireland: First Data acquires Deecal; Russia: First Data signs processing contract with Moskommertsbank; US: First Data renews contract with National City Bank; US: First Data's Telecheck and Meijer reach electronic check acceptance agreement; US: First Data to offer MasterCard Payment Gateway; US: First Data and StoreNext to provide check acceptance to grocers; US: First Data and American Express sign sales and servicing agreement; HSBC; China: HSBC begins rural bank operations in central China; Latin America: HSBC to expand branch network in Peru; Taiwan: HSBC to acquire The Chinese Bank; JCB; China: JCB record cardholder progress in China; JP Morgan Chase; US: First USA and Webster Bank renew credit card agreement; US: First USA and Smart Choice announce partnership; KBC; Russia: KBC and Absolut Bank detail Russian expansion strategy; MasterCard; US: First Data to offer MasterCard Payment Gateway; Discover; US: Discover enters into issuer processor agreement with TSYS; US: Discover announce alliance with Jones Long LaSalle; Nordea; Sweden: Nordea enters into agreement with Svensk Kassaservice; RBS; Group: Updates on the acquisition of ABN AMRO by Fortis, RBS and Santander; Standard Chartered; China: Standard Chartered opens regional call center; Hong Kong: Change of CEO in Standard Chartered Hong Kong; Hong Kong: Standard Chartered opens Wanchai branch; Hong Kong: Standard Chartered opens SME Banking Center in Mongkok; TSYS; Global: TSYS to offer Paymentflex credit system; Visa; Asia-Pacific: Partnership agreement with Asiatravel.com; Westpac; Westpac ends Virgin credit card partnership; Staffing and Strategy; AEON Credit Service; BBVA; Spain: BBVA restructures Spanish business; Capital One; US: Capital One appoints senior executive; Citigroup (incl. Diners Club); Taiwan: Citi adopts five-pronged strategy to grow small & medium enterprise market; Erste Bank; Austria: Erste Bank announces Austrian growth plans; Romania: Erste Bank appoints interim CEO; JP Morgan Chase; Australia: JP Morgan announces board changes; US: JP Morgan announces new phase of Euro Payments Strategy; KBC; Poland: Kredyt Bank implements management changes; MasterCard; US: MasterCard reports new appointments; TSYS; Group: TSYS to become fully independent; Visa; Asia-Pacific: COO appointed for Visa Inc., Asia Pacific; Europe: European Commission decision on Visa Europe and Morgan Stanley Dean Witter; Group: Visa Inc. completes global restructuring; Group: Visa Inc. files for proposed initial public offering; Group: Visa and American Express settle legal dispute; US: Visa mandates use of secure payment software; US: Visa and TJX agree to provide US issuers data breach claims
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, Discover, GE Consumer Finance, First Data, HSBC, JCB, MasterCard, Standard Chartered and Visa.

Scope

Highlights

Reasons to Purchase

Gain invaluable information on your key competitors in one concise document Keep fully informed of the market, product, competitor and strategic developments of leading players in the market Learn the Datamonitor Cards & Payments Team's view on the most important competitor developments in the quarter.

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Payment Card Competitor Tracker, Quarter Four 2007

Table of Contents

Abstract