Payment Card Competitor Tracker: May 2009

Published by: Datamonitor

Published: Jun. 18, 2009 - 13 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 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

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.

About MarketResearch.com
MarketResearch.com is an online aggregator selling over 250,000 market research reports, company profiles and country profiles from over 650 research firms. Our reports will provide you with the critical business and competitive intelligence you need for strategic planning and marketing research. Coverage includes the US, UK, Europe, Asia and global markets.