Payment Card Competitor Tracker: June 2009

Introduction

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.

Report Highlights
Highlights
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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 June 5
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 5
Visa and NeuStar announces a strategic alliance for the development and provision of mobile financial services 5
China Construction Bank opens its first fully-owned subsidiary in the UK 6
Developments picked up in June, recording the highest number of stories this year 6
There were 75 developments in the June competitor tracker, compared to the 12-month average of 58 6
Product development has continued to drive activity in June, with M&A activity picking up slightly since May 7
Asia Pacific and North America were the largest regions for competitor activity in June, in line with the 12-month trend 8
Issuers featured strongly in June, ahead of developments associated with schemes/associations 9
Developments in rewards and the commercial sector were the biggest areas of interest in June 10
Developments in mobile payments continue to gain foothold 11
Contactless and innovative solutions featured far less in June but are interesting nonetheless 12
Partnership and organic growth accounted for the bulk of activity in M&A, partnership and organic growth 12
Product, Services and Innovation 15
AEON Credit Service 15
Malaysia: AEON Credit Service announces winners of the Cardmembers Achievement Campaign in Asia 15
American Express 15
US: American Express launches new service to manage consumers' household spending 15
Atos-Origin 15
Europe: Atos-Origin launches new solution that eases direct debit migration to SEPA 15
Bank of America 16
US: Bank of America announces new card products to support the fight against breast cancer 16
US: Bank of America announces new programs to celebrate 80th MLB All-Star Game in St. Louis 16
Barclaycard 17
UK: Barclaycard launches contactless enabled Gold and Classic cards 17
Capital One 17
US: Capital One announces the launch of Card Lab Connect 17
China UnionPay 18
China: China UnionPay along with other banks issues a credit card themed around national celebration 18
Citigroup 18
Hungary: Citibank along with Malév to provide free air tickets to all new credit card holders 18
Indonesia: Citi launches commercial card 19
Korea: Citi launches travel-related offers to its cardholders 19
Korea: Citibank Global Transfer Service available through mobile phones 19
Malaysia: Citibank and Lembaga Hasil Dalam Negeri Malaysia launch e-tax payment 20
Malaysia: Citibank launches Citibank Big 50 contest celebrating its 50th anniversary 20
Mexico: Banco Nacional de México launches new Cuenta Maestra product 20
Mexico: Banco Nacional de México and MasterCard introduce travel solution 21
Peru: Citibank Peru launches new credit card 21
The Philippines: Citi launches its mobile banking solution 21
The Philippines: Citi extends its array of rewards and benefits 22
Poland: Citi Handlowy launches a special offer for micro-businesses and small companies 23
Russia: new credit card designed for St. Petersburg car owners 23
Singapore: Citibank Singapore and ExxonMobil to roll out drive-through ATMs 24
Thailand: Citi launches an enhanced online credit card rewards redemption platform 24
Thailand: Citi launches new card campaign in association with Greyhound Café and Thai Airways International 24
Thailand: Citi develops e-payment platform for AEROTHAI 25
Thailand: Citibank and Thai Airways launch travel campaign 25
Thailand: Citi launches ""7 New Tips to Rewarding Dining Experiences"" program 25
US: Citi customers win grand prizes in Thanks-A-Million sweepstakes 26
Discover 26
US: Discover Card launches Account Activity Reminders 26
First Data 27
US: Compass Group and First Data launch a new consumer loyalty program 27
US: Sheetz offers First Data's GO-Tag payment solution 27
ICICI Bank 28
India: ICICI Bank, mChek to issue electronic cards 28
Industrial and Commercial Bank of China 28
China: Industrial and Commercial Bank of China issues first co-branded debit card for business trips in China 28
China: ICBC launches mobile banking 3G trial version 28
JPMorgan Chase 29
US: Chase upgrades products and technology in Pacific Northwest 29
US: Chase Card Services launches Ultimate Rewards for Freedom and new Sapphire customers 29
MasterCard 30
US: Citizens partners with MasterCard to launch Citizens Gateway for corporate customers 30
US: MasterCard launches contactless payments for airport parking at Norfolk Airport 31
Maybank 31
Singapore: Maybank announces a new reward program 31
PayPal 31
UK: American Airlines adds PayPal option for its customers 31
US Bancorp 31
US: US Bancorp to offer a single Visa card for identification, purchase and secure facility access 31
Global: Elavon expands multi-currency capabilities in its international processing platform 32
US: US Bancorp launches new payment solution for physician offices 32
Visa 33
Hong Kong: Cardholders using Visa payWave stand a chance to win Visa spending credit 33
India: Visa debit card holders to save 5% on utility bills 33
Indonesia: Visa debit card holders stand a chance to win free air tickets 33
Japan: Visa offers discounts and privileges to cardholders through Tokyo Style 2009 fashion guide 34
Peru: Visa launches commercial mobile payment service 34
Singapore: Visa cardholders to win free shopping through Visa debit trolley dash contest 34
US: Visa introduces US VisaVue Travel 34
M&A, Partnerships and Organic Growth 36
American Express 36
Brazil: Banco do Brasil and American Express announce partnership 36
US: American Express opens its Travel Service Office in Cambridge 36
China Construction Bank 37
UK: China Construction Bank opens its fully owned subsidiary 37
US: China Construction Bank opens its first branch 37
China UnionPay 37
China: China UnionPay enters into an agreement with the Bank of Communications 37
Spain: China UnionPay and La Caixa announce the start of CUP card acceptance for all ATMs 37
US: China UnionPay declares that more that 360,000 ATMs in the US accept CUP cards 38
Citigroup 38
Europe: Citi prepaid service expands its services to clients in five new markets 38
Hong Kong: Citibank to provide purchasing cards to Hong Kong government 38
Indonesia: Citibank debit card transactions increase by 40% 39
South Korea: 10,000 Citi PremierMiles credit cards issued in 10-week period 39
Fidelity Information Services 40
US: Fidelity Information Services to provide banking solutions to Post Oak Bank 40
US: Fidelity Information Services' BancPac core processing solution selected by Bank of Virginia 40
First Data 40
China: Merchant Solutions and China UnionPay announce an alliance that enables merchants outside of China to accept CUP debit and credit cards 40
US: First Data to extend card processing services to Wells Fargo 40
GE Money 41
The Philippines: Banco De Oro Unibank and GE Capital sign agreement 41
Grupo Santander 41
London: Santander to rebrand its UK businesses in 2010 41
Industrial and Commercial Bank of China 42
Canada: ICBC and BEA agree on the sale and purchase of The Bank of East Asia and ICEA Finance Holdings 42
MasterCard 42
Singapore: cardholder spending in the Great Singapore Sale increases by 7% 42
PayPal 43
UK: Emirates partners with PayPal 43
Royal Bank of Scotland 43
Netherlands: RBS and ABN Amro sign agreement for international transaction banking services 43
SEB 44
Baltic region: SEB consolidates its Baltic operations 44
Visa 44
Singapore: Visa releases industry directory for payment service providers 44
Global: Visa and NeuStar announce strategic alliance 44
Thailand: Visa continues collaboration with Tourism Authority of Thailand 45
Appendix 46
Methodology 46
Further reading 46
Further reading 47
Ask the analyst 47
Datamonitor consulting 47
Disclaimer 47
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List of Tables
Table 1: The 64 companies and subsidiaries covered by Datamonitor's Payment Card Competitor Tracker 3
Table 2: Current relevant publications, 2008-09 46
Table 3: Future relevant publications, 2009 47
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 7
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 8
Figure 3: Asia Pacific accounted for the most stories in June, while South America experienced the highest growth compared to May 9
Figure 4: Issuers featured strongly in June with 45 developments in total, well ahead of the 12-month average of 34 10
Figure 5: Loyalty/rewards and commercial sectors were the key areas for developments in product/services and innovation in June 11
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 13
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