Payment Card Competitor Tracker: March 2009

Published by: Datamonitor

Published: Apr. 29, 2009 - 33 Pages

Table of Contents

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

Abstract

• 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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