Payment Card Competitor Tracker: September 2009

Published by: Datamonitor

Published: Oct. 20, 2009 - 39 Pages

Table of Contents

Overview

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 September

In September, the key story was the extension of MasterCard and Visa mobile payment trials

MasterCard and Visa continue to drive mobile payment trials and implementation globally

Citi announced the sale of its ownership in three North American card portfolios as it seeks to focus on its core businesses

Mashreq announced the launch of Mashreq Assist, a new debt counseling service for its customers in the UAE

There were 66 developments in September, slightly ahead of the 12-month average

There were 66 developments in the September competitor tracker, compared to the 12-month average of 55

Product services and innovation was responsible for the rise in activity in September

Interestingly, Western Europe was the busiest region for competitor activity in September

Issuers featured strongly in September, with schemes and processors broadly in line with the 12-month trend

Apart from developments in new payment technology there were innovative services introduced in September

Schemes are continuing to push the rollout of contactless technology

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

Product, Services and Innovation

American Express

Sweden: American Express and SAS announce their partnership

US: American Express introduces a new marketing campaign for its charge card portfolio

US: American Express offers destination family program for cardholders

US: American Express announces enhancements to its Membership Rewards program

ANZ Bank

Australia: ANZ Bank and MySpace launch reloadable prepaid Visa card

Australia: ANZ modifies exception fees on personal accounts

Bank of America

US: Bank of America introduces BankAmericard Visa card

Barclaycard

UK: Barclaycard introduces mybarclaycard, a new online account servicing system

UK: Barclaycard launches a credit card qualification check service

BBVA

Spain: BBVA signs agreement with the Spanish Confederation of Police to offer financial products and services

Citigroup

Greece: Athens medical center partners with Citibank

Hungary: Citibank credit card customers can opt for cancer coverage program

Hungary: Magyar Telekom-Citibank co-brand credit card offers benefits to T-Home and T-Mobile customers

Singapore: Citibank and MasterCard launch a new cash back credit card

Taiwan: Citi launches consumer credit education program

US: Citi launches Citi Virtual card accounts for institutions

Discover

Canada: Interac and Pulse agree to provide cash access to Diners Club, Discover and Pulse cardholders

DnB NOR

Norway: DnB NOR customers increase SMS banking

Erste Bank

Austria: Erste Bank and Sparkassen introduce ATM card with student ID valid worldwide

First Data

US: First Data and RSA to provide layered security to protect merchant data

Industrial and Commercial Bank of China

China: ICBC to launch a promotional activity by offering discounts on transfer and remittance service

China: ICBC offers discount on internet-banking transfer and remittance for VIP customers

JPMorgan Chase

US: Chase Card Services introduces Chase Blueprint

Mashreqbank

UAE: Mashreqbank launches debt counseling service

MasterCard

Asia Pacific and the Middle East: MasterCard accelerates mobile payment facility

Belgium: MasterCard Advanced Authentication for Chip supported by four vendors

Europe: MasterCard Europe collaborates with Dataflexnet to provide travel spend management solutions

North America: Tim Horton to accept MasterCard PayPass in its restaurant chain

UAE: Jumeirah Group in association with MasterCard worldwide introduces offers for its premium members

UK: MasterCard to provide electronic payments solution to UK public sector under the new OGC framework

US: Wal-Mart launches associate electronic pay program with MasterCard and First Data

PayPal

UK: Monarch and PayPal offer fee waivers to celebrate their two year partnership

UK: PayPal plans to offer global payments platform to third-party developers

Russian Standard Bank

Russia: Russian Standard Bank's membership rewards loyalty program completes its first year

UniCredit Group

Austria: Bank Austria introduces StudentenKonto, a student account along with a Maestro cash card

US Bancorp

UK: Elavon and Santander announce the launch of a new alliance for merchant services

Visa

Australia: Visa and NAB to introduce contactless payment technology to more than 500 retailers

Europe: Visa Europe, Credito Valtellinese and Key Client Cards announce trial of contactless V PAY debit card payments through mobile phone

Hong Kong: Visa partners with Hong Kong Parkview and Lee Gardens to provide privileges to its Infinite cardholders

Pakistan: Visa partners with United Bank Limited Pakistan and local agencies to distribute funds through its prepaid card

Vietnam: Visa and Citimart launched promotional events to promote card payment usage

Wells Fargo

US: Wells Fargo expands ExpressSend remittance service to online channel

US: Wells Fargo announces its new mobile person-to-person payment option

M&A, Partnerships and Organic Growth

Bank of Montreal

China: BMO obtains approval from the China Banking Regulatory for incorporating a wholly-owned subsidiary bank

BNP Paribas

Luxembourg: BGL becomes BGL BNP Paribas

Citigroup

China: Citi's Bank Services Group partners with Agricultural Bank of China for international payments

China: Citibank signs a remittance agreement with Bank of China

Korea: Citi to establish financial holding company

Korea: Kookmin Bank partners with Citi for international payments processing solutions

North America: Citi sells its three North American partner credit card portfolios

China Unionpay

China: CUP and CPLP enter into memorandum of understanding

China: CUP Standard Pacific 'Golden' Color World Expo debit card crosses 1.5 million mark

Discover

Europe: Pulse and Trionis sign long-term ATM acceptance agreement

Fidelity Information Services

UK: ING Direct UK renews outsourcing agreement with Fidelity Information Services

US: Fidelity National Information Services and Metavante receive clearance regarding their planned merger

First Data

Turkey: First Data renews its agreement with Akbank

US: First Data and Web.com to provide online marketing and e-commerce solutions

JPMorgan Chase

US: JPMorgan Chase to provide purchase card services to University System of Ohio

Mashreqbank

UAE: Mashreqbank expands its ATM network in Dubai Metro

Nordea

Denmark: Nordea acquires Fionia bank

Standard Chartered

Korea: Standard Chartered announces the disposal of its stake in Korean card business processing

US Bancorp

Western Europe: Elavon announces the acquisition of Citibank's Diners Club Card portfolio

UK: Elavon and Santander announce partnership to supply merchant services

US: Elan Financial Services partners with Associated Bank to offer credit card services

US: Elan Financial Services enters into a partnership with KeyBank for credit card products and services

Visa

South Africa: Visa report shows higher international Visa cardholder spending in relation to the 2010 FIFA world cup

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, 2009-10

List of Figures

Figure 1: In September, competitor developments saw an increase on the previous month, with 66 developments, slightly above the 12-month average of 55

Figure 2: September witnessed a significant rise in the number of developments relating to product, services and innovation

Figure 3: Western Europe accounted for the most stories in September, well ahead of the 12-month trend

Figure 4: Issuers accounted for the most activity in September, with 38 developments in total, ahead of the 12-month trend

Figure 5: New payment technologies, rewards and the commercial sector were the key areas for developments in product, services and innovation in August

Figure 6: Partnerships accounted for the majority of developments in August, with 15 announcements it total

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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