Overview 1
Summary 1
Methodology 1
Table of Contents 2
Introduction 3
The Payment Card Competitor Tracker provides both one month and 12 month views of developments 3
Each month, Datamonitor tracks the most relevant announcements from 64 competitors 3
Datamonitor's Cards and Payments Team provides analysis of the key developments at both the one month and 12 month level 4
A fully searchable database of developments from January 2007 onwards is also delivered alongside the report 4
Key Developments in January 5
In January, the key story was Barclaycard and Orange launching a contactless co-branded credit card in the UK 5
Barclaycard and Orange launched a contactless co-branded credit card in the UK 5
Barclaycard announced the forthcoming launch of its Freedom reward program 6
There were 50 developments in January, slightly below the 12-month average 7
There were 50 developments in the January competitor tracker, compared to the 12-month average of 56 7
Products, services and innovation stories were below the 12-month trend, while M&A activity was slightly above 8
North America was by far the busiest region for competitor activity, while Asia Pacific lagged behind 9
Issuers accounted for the majority of the drop in activity in January 10
Loyalty and rewards was the key area for developments in products, services and innovation in January 11
Partnerships accounted for the bulk of activity in M&A, partnerships and organic growth 12
Products, Services and Innovation 14
American Express 14
US: American Express introduces LoyaltyEdge, a new line of business 14
US: American Express introduces new partners and features in its Membership Rewards program 14
US: American Express and Lowe's launch credit card for small business owners 15
Bank of America 16
US: MBNA launches new rate for credit card 16
Bank of Montreal 16
Canada: Bank of Montreal launches its first affinity card 16
Barclaycard 17
UK: Barclaycard announces March launch of Barclaycard Freedom 17
UK: Barclaycard and Orange launch contactless credit card 17
China UnionPay 18
China: China UnionPay launches Guangshen Railway CUP dual currency card 18
China: CUP and Bank of East Asia jointly issue CUP standard dual currency platinum credit cards 18
China: Bank of Communications launches Pacific Smart Chip debit card with CUP 18
Citibank 18
Czech Republic: Citibank launches cash back credit card 18
Thailand: Citibank launches Citi Mobile 19
The Philippines: Citibank introduces Instant Citi Rewards program 20
US: Citibank introduces new downloadable Citi Mobile application for iPhone. 20
Industrial and Commercial Bank of China 20
China: ICBC launches Asian Games card 20
Discover 21
US: Discover announces national sweepstakes 21
Elavon 21
US: Elavon launches Fusebox payment gateway 21
First Data 21
Kuwait: Bank of Kuwait converts credit card portfolio to First Data's FirstVision solution 21
MasterCard 22
US: Barclaycard to offer the option of MasterCard inControl functionality 22
US: SunTrust to convert its debit card program to MasterCard 22
US: Ohana companies to leverage MasterCard prepaid cards to enhance product rebate fulfillment and redemption 22
Royal Bank of Canada 23
Canada: RBC issues Visa prepaid card to be used at the at the Vancouver 2010 Olympic and Paralympic Winter Games 23
US Bancorp 23
US: US Bank increases allowance to FlexPerks Travel Rewards Visa Signature card customers 23
US: US Bank cardholders stand a chance to win up to $10,000 using US Bank Visa credit or check card 24
Visa 24
Canada: Visa Canada introduces Olympic Games-themed Visa prepaid cards 24
Canada: Coca-Cola Canada and Visa payWave bringing innovation to the Vancouver 2010 Olympic Paralympic Winter games 24
US: Visa cardholders stand a chance to win a trip to the Olympic Winter Games for the rest of their lives 25
Wells Fargo 25
US: Wells Fargo extends its ExpressSend remittance services 25
M&A, Partnerships and Organic Growth 26
American Express 26
US: American Express acquires Revolution Money 26
Barclaycard 26
UK: Barclaycard Payment Acceptance reveals hike in card spending during the Christmas season 26
China UnionPay 27
Mauritius: China UnionPay announces CUP card acceptance business through The Mauritius Commercial Bank 27
Mongolia: China UnionPay announces opening of CUP card acceptance business through ATM machines of Golomt Bank 27
Deutsche Bank 27
Europe: Deutsche Bank makes strategic investment in Eurogiro 27
Discover 28
US: Discover Financial Services announces an agreement with BC Card 28
First Data 28
India: ICICI Bank and First Data entered into an alliance named ICICI Merchant Services 28
Germany: First Data and ConCardis announce the extension of their long-standing processing agreement 28
Qatar: First Data signs processing agreement with International Bank of Qatar 29
FIS 29
US: Cardinal Bank to sign up for HORIZON, FIS' core account processing solution 29
Grupo Santander 30
UK: Santander launches its rebranding campaign in the UK 30
Industrial and Commercial Bank of China 30
China: Industrial and Commercial Bank of China expands in the western region of China 30
MasterCard 30
US: MasterCard Worldwide waives interchange fees on donations for Haitian relief funds 30
US: MasterCard Worldwide introduces MasterCard Advisors Merchant Solutions 31
Royal Bank of Scotland 32
Pakistan: Royal Bank of Scotland announces lapse of share purchase agreement with MCB Bank 32
Swedbank 32
Estonia: Swedbank welcomes small enterprises for settlement and credit products 32
TSYS 32
Germany: TSYS signs payment services agreement with Degussa Bank 32
US: TSYS agreement with Caterpillar Financial Services Corporation 32
US Bancorp 33
US: Elavon acquires the merchant processing portfolio of Citizens National Bank 33
Visa 33
US: Heartland payment systems to provide up to £60m settlement to Visa issuers for data security breach claims 33
US: Visa waives interchange fees on donations made to select group of charities for Haitian relief efforts 33
US: Visa renews its partnership with the International Paralympic Committee through 2012 34
Appendix 35
Methodology 35
Further reading 35
Ask the analyst 36
Datamonitor consulting 36
Disclaimer 36
List of Tables
Table 1: The 64 companies and subsidiaries covered by Datamonitor's Payment Card Competitor Tracker 3
Table 2: Current relevant publications 35
Table 3: Future relevant publications 36
List of Figures
Figure 1: In January, there were 50 developments in total, slightly below the 12-month average of 56 8
Figure 2: In January, there was more activity relating to M&A than there had been in the 12-month average or December 9
Figure 3: North America accounted for most stories in January, in line with the 12-month trend, but Asia Pacific saw a drop in activity 10
Figure 4: Schemes accounted for the majority of competitor activity in January, with 22 stories, ahead of issuers, which recorded 20 stories in total 11
Figure 5: Loyalty/rewards was the key area for developments in products, services and innovation in January 12
Figure 6: Partnerships accounted for the majority of activity in January, in line with the 12-month average 13
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