Payment Card Competitor Tracker: June 2009

Published by: Datamonitor

Published: Jul. 22, 2009 - 47 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 June

Chinese Bank's expansion into the UK and an alliance between Visa and NeuStar to provide mobile solutions were the key stories of the month

Visa and NeuStar announces a strategic alliance for the development and provision of mobile financial services

China Construction Bank opens its first fully-owned subsidiary in the UK

Developments picked up in June, recording the highest number of stories this year

There were 75 developments in the June competitor tracker, compared to the 12-month average of 58

Product development has continued to drive activity in June, with M&A activity picking up slightly since May

Asia Pacific and North America were the largest regions for competitor activity in June, in line with the 12-month trend

Issuers featured strongly in June, ahead of developments associated with schemes/associations

Developments in rewards and the commercial sector were the biggest areas of interest in June

Developments in mobile payments continue to gain foothold

Contactless and innovative solutions featured far less in June but are interesting nonetheless

Partnership and organic growth accounted for the bulk of activity in M&A, partnership and organic growth

Product, Services and Innovation

AEON Credit Service

Malaysia: AEON Credit Service announces winners of the Cardmembers Achievement Campaign in Asia

American Express

US: American Express launches new service to manage consumers' household spending

Atos-Origin

Europe: Atos-Origin launches new solution that eases direct debit migration to SEPA

Bank of America

US: Bank of America announces new card products to support the fight against breast cancer

US: Bank of America announces new programs to celebrate 80th MLB All-Star Game in St. Louis

Barclaycard

UK: Barclaycard launches contactless enabled Gold and Classic cards

Capital One

US: Capital One announces the launch of Card Lab Connect

China UnionPay

China: China UnionPay along with other banks issues a credit card themed around national celebration

Citigroup

Hungary: Citibank along with Malév to provide free air tickets to all new credit card holders

Indonesia: Citi launches commercial card

Korea: Citi launches travel-related offers to its cardholders

Korea: Citibank Global Transfer Service available through mobile phones

Malaysia: Citibank and Lembaga Hasil Dalam Negeri Malaysia launch e-tax payment

Malaysia: Citibank launches Citibank Big 50 contest celebrating its 50th anniversary

Mexico: Banco Nacional de México launches new Cuenta Maestra product

Mexico: Banco Nacional de México and MasterCard introduce travel solution

Peru: Citibank Peru launches new credit card

The Philippines: Citi launches its mobile banking solution

The Philippines: Citi extends its array of rewards and benefits

Poland: Citi Handlowy launches a special offer for micro-businesses and small companies

Russia: new credit card designed for St. Petersburg car owners

Singapore: Citibank Singapore and ExxonMobil to roll out drive-through ATMs

Thailand: Citi launches an enhanced online credit card rewards redemption platform

Thailand: Citi launches new card campaign in association with Greyhound Café and Thai Airways International

Thailand: Citi develops e-payment platform for AEROTHAI

Thailand: Citibank and Thai Airways launch travel campaign

Thailand: Citi launches 7 New Tips to Rewarding Dining Experiences program

US: Citi customers win grand prizes in Thanks-A-Million sweepstakes

Discover

US: Discover Card launches Account Activity Reminders

First Data

US: Compass Group and First Data launch a new consumer loyalty program

US: Sheetz offers First Data's GO-Tag payment solution

ICICI Bank

India: ICICI Bank, mChek to issue electronic cards

Industrial and Commercial Bank of China

China: Industrial and Commercial Bank of China issues first co-branded debit card for business trips in China

China: ICBC launches mobile banking 3G trial version

JPMorgan Chase

US: Chase upgrades products and technology in Pacific Northwest

US: Chase Card Services launches Ultimate Rewards for Freedom and new Sapphire customers

MasterCard

US: Citizens partners with MasterCard to launch Citizens Gateway for corporate customers

US: MasterCard launches contactless payments for airport parking at Norfolk Airport

Maybank

Singapore: Maybank announces a new reward program

PayPal

UK: American Airlines adds PayPal option for its customers

US Bancorp

US: US Bancorp to offer a single Visa card for identification, purchase and secure facility access

Global: Elavon expands multi-currency capabilities in its international processing platform

US: US Bancorp launches new payment solution for physician offices

Visa

Hong Kong: Cardholders using Visa payWave stand a chance to win Visa spending credit

India: Visa debit card holders to save 5% on utility bills

Indonesia: Visa debit card holders stand a chance to win free air tickets

Japan: Visa offers discounts and privileges to cardholders through Tokyo Style 2009 fashion guide

Peru: Visa launches commercial mobile payment service

Singapore: Visa cardholders to win free shopping through Visa debit trolley dash contest

US: Visa introduces US VisaVue Travel

M&A, Partnerships and Organic Growth

American Express

Brazil: Banco do Brasil and American Express announce partnership

US: American Express opens its Travel Service Office in Cambridge

China Construction Bank

UK: China Construction Bank opens its fully owned subsidiary

US: China Construction Bank opens its first branch

China UnionPay

China: China UnionPay enters into an agreement with the Bank of Communications

Spain: China UnionPay and La Caixa announce the start of CUP card acceptance for all ATMs

US: China UnionPay declares that more that 360,000 ATMs in the US accept CUP cards

Citigroup

Europe: Citi prepaid service expands its services to clients in five new markets

Hong Kong: Citibank to provide purchasing cards to Hong Kong government

Indonesia: Citibank debit card transactions increase by 40%

South Korea: 10,000 Citi PremierMiles credit cards issued in 10-week period

Fidelity Information Services

US: Fidelity Information Services to provide banking solutions to Post Oak Bank

US: Fidelity Information Services' BancPac core processing solution selected by Bank of Virginia

First Data

China: Merchant Solutions and China UnionPay announce an alliance that enables merchants outside of China to accept CUP debit and credit cards

US: First Data to extend card processing services to Wells Fargo

GE Money

The Philippines: Banco De Oro Unibank and GE Capital sign agreement

Grupo Santander

London: Santander to rebrand its UK businesses in 2010

Industrial and Commercial Bank of China

Canada: ICBC and BEA agree on the sale and purchase of The Bank of East Asia and ICEA Finance Holdings

MasterCard

Singapore: cardholder spending in the Great Singapore Sale increases by 7%

PayPal

UK: Emirates partners with PayPal

Royal Bank of Scotland

Netherlands: RBS and ABN Amro sign agreement for international transaction banking services

SEB

Baltic region: SEB consolidates its Baltic operations

Visa

Singapore: Visa releases industry directory for payment service providers

Global: Visa and NeuStar announce strategic alliance

Thailand: Visa continues collaboration with Tourism Authority of Thailand

Appendix

Methodology

Further reading

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 June, competitor developments saw an increase on the previous month with 75 developments overall, ahead of the 12-month average of 58

Figure 2: June saw an increase in the number of developments relating to both M&A, partnership and organic growth and product, services and innovation

Figure 3: Asia Pacific accounted for the most stories in June, while South America experienced the highest growth compared to May

Figure 4: Issuers featured strongly in June with 45 developments in total, well ahead of the 12-month average of 34

Figure 5: Loyalty/rewards and commercial sectors were the key areas for developments in product/services and innovation in June

Figure 6: Interestingly, organic growth accounted for the majority of developments in June; while M&A developments saw a decline compared to May and 12-month average

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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