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Published by: Datamonitor
Published: Aug. 17, 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 July
The possibility of the new scheme to rival Visa and MasterCard in Europe and Visa's investment in Monitise were the key stories of the month
Deutsche Bank announced plans to establish a new European payment card scheme to rival MasterCard and Visa
Visa took a 14.4% stake in mobile banking provider Monitise, giving it a major boost for mobile payments
GE Money and Bank of Ayudhya reached an agreement on the sale of GE Money's business in Thailand
There were 36 developments in July, the lowest number of stories this year
There were 36 developments in the July competitor tracker, compared to the 12-month average of 56
Product development has continued to drive activity in July, with M&A activity dropping slightly since June
North America and Western Europe were the largest regions for competitor activity in July, contrasting with the 12-month trend
Issuers featured strongly in July, but only slightly ahead of developments associated with schemes or associations
Developments in the commercial sector and new payment technology were the biggest areas of interest in July
Partnerships accounted for the bulk of activity in M&A, partnership and organic growth
Product, Services and Innovation
American Express
Australia: ANZ to issue American-Express-branded credit cards
US: American Express OPEN launches new online resource
Bank of Montreal
Canada: Bank of Montreal eliminates annual credit card fees and doubles AIR MILES reward miles
Barclaycard
UK: Barclays re-launches its online banking website
Citigroup
India: Citi launches NFC mobile payments in India
Korea: Citi and Galleria department store launch credit card
UAE: Citibank and Emirates launch Skywards campaign on the Emirates-Citibank co-branded cards
UK: Egg launches a new credit card
US: Citi celebrates ThankYou Network's fifth birthday by rewarding its customers
Deutsche Bank
Europe: Deutsche Bank annouced plans to establish a new European payment card scheme
GE Money
US: GE Money and Giant Bicycle provide consumer finance program for biking enthusiasts
JPMorgan Chase
US: JPMorgan Chase launches Total Settlement, an electronic payment solution
Mashreqbank
UAE: Mashreq launches Mashreq Business Platinum debit card in association with Visa International
MasterCard
UK: MasterCard launches new website in association with Lonely Planet
US: Sports Authority to accept MasterCard PayPass contactless payments
US: MasterCard launches the Priceless Picks iPhone application
US Bancorp
US: US Bancorp and TACA Airlines to offer DISTANCIA Visa signature credit cards
Visa
Switzerland: Cornèr Bank and Aduno introduce Visa payWave
UK: Visa offers mobile alerts to its customers
M&A, Partnerships and Organic Growth
Bank of America
US: Bank of America and First Data to form a payment solutions company
Citigroup
Japan: Citi signs definitive agreement to sell NikkoCiti Trust and Banking Corporation
The Philippines: Jollibee signs up with Citibank for Citi Mobile Payments
Commerzbank
Switzerland: Commerzbank disposes of Dresdner Bank
Discover
US: Pulse signs long-term agreement with US Bank
DnB NOR
Norway: DnB NOR establishes new businesses
First Data
India: First Data and Yes Bank sign memorandum of understanding
Poland: First Data signs merchant services agreement with Real
Singapore: Merchant Solutions signs acquiring agreement with JCB International
Garanti Bank
Turkey: Garanti Bank and Western Union collaborate to provide payment transactions
GE Money
Thailand: GE Capital and Bank of Ayudhya reach an in-principle agreement
JPMorgan Chase
Europe: JPMorgan Chase extends payment capabilities
US: JPMorgan Chase selected by Western States EBT Alliance for distribution of benefit payments
MasterCard
Belgium: MasterCard Europe and MobileXpense collaborate to deliver expense management solution
US: MasterCard extends multi-year contract with OptumHealth
TSYS
US: TSYS partners Consumer Health Technologies to provide payment solutions
Visa
US: Visa partners with Monitise to expand its mobile payments and related services
US: Visa International sells shares of VisaNet do Brasil
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 July, competitor developments saw a decrease on the previous month, with 36 developments and the 12-month average of 56
Figure 2: July saw a significant drop in the number of developments relating to product, services and innovation
Figure 3: North America accounted for the most stories in July, while Western Europe was the second busiest region for competitor activity
Figure 4: Issuers featured strongest in July with 20 developments in total; this is below the 12-month average of 31
Figure 5: Commercial sectors and mobile technology were the key areas for developments in product, services and innovation in July
Figure 6: Interestingly, partnerships accounted for the majority of developments in July, with 11 announcements it total
AbstractIntroduction
The Payment Card Competitor Tracker provides expert analysis and opinion on the strategic moves of leading competitors in the payment card market. Produced on a monthly basis, the Tracker is a global product and covers 60 players, including American Express, Barclaycard, Capital One, Citigroup, Discover, GE Money, First Data, HSBC, JCB, MasterCard, Standard Chartered and Visa.
Reasons to Purchase
- 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.
Please Note: this is delivered as a Zip file.
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