Overview 1
Catalyst 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 March 5
Developments in Online, Contactless, Prepaid and Mobile Payments in March 5
Online Payments: Visa previews its Rightcliq online shopping tool 5
Online: PayPal continues to grow its online acceptance 6
Contactless: Barclaycard raises transaction value limit to £15 ($22.50) 6
Mobile/Online: Visa introduces Southeast Asia's first mobile-based one-time password for online shopping 7
Mobile Payments: PayPal launches Send Money application for iPhone users 7
Mobile Payments: Citigroup's NFC trial in India is reported to be a success 8
Prepaid: Citi Handlowy launches Easter Egg card in Poland 9
There were 50 developments in March, slightly below the 12-month average 10
There were 50 developments in the March competitor tracker, down on the 12-month average 10
Products, services and innovation stories were on par with the 12-month trend, while M&A activity was below 10
Competitors in Asia and Asia Pacific accounted for the majority of competitor developments in March 11
Card Issuers continue to account for the majority of competitor activity in the industry 12
New developments in online, mobile, and loyalty products were at the forefront of activity in March 13
M&A hit a nine-month low in March, but partnership activity remained strong 15
Products, Services and Innovation 17
Bank of America 17
US: Bank of America to help customers avoid becoming overdrawn 17
UK: MBNA stops issuing credit card cheques 17
Bank of Montreal 17
Canada: Bank of Montreal launches MasterCard product 17
Barclaycard 18
UK: Barclaycard Freedom to be made available to over eight million Barclaycard card holders 18
UK: Barclaycard increases the contactless card transaction threshold from £10 to £15 18
UK: Barclays launches commercial contactless debit cards to its business customers 19
BNP Paribas 19
Luxembourg: BGL BNP Paribas launches first mobile phone banking solution 19
Capital One 19
US: Capital One launches Venture, a travel rewards credit card offering double miles 19
China UnionPay 20
Japan: CUP collaborates with Mitsubishi UFJ Shinpan Card to issue CUP JPY credit card 20
China: China UnionPay mobile payment pilot project conducted across six provinces 20
Citibank 20
India: Citi releases its findings on mobile payment trials 20
Indonesia: Citibank and PT Mitra Adiperkasa to offer benefits to customers 21
Korea: Citibank Korea launches Citicard Premium Dining 21
Poland: Citi Handlowy to offer contactless debit cards for customers holding a personal account 22
Poland: Citi Handlowy launches Easter Egg card 22
The Philippines: Citibank Philippines launches Citi Globeshopper 22
Guam: Citi offers new Citi Privileges program 23
First Data 23
US: First Data extends payment card security trial across many merchants 23
US: First Data to provide mobile payment service with Tyfone's MicroSD-based contactless technology 24
MasterCard 24
US: MasterCard launches ATM Hunter for BlackBerry smart phones 24
Malaysia: Worldwide and Chartis Malaysia Insurance Berhad collaborate to provide MasterCard credit card holders with a complimentary purchase protection plan 24
Maybank 25
Singapore: Maybank Singapore launches remittance service in collaboration with Western Union 25
PayPal 25
China: China UnionPay card members to be able to use PayPal to shop online 25
Singapore: PayPal and DBS Bank sign agreement to offer DBS/POSB customers with payment choice for online purchases 25
UK: PayPal offers a new software program for protection against phishing 26
US: PayPal introduces Send Money application for iPhone 26
Royal Bank of Canada 26
Canada: WestJet credit card program to offer the WestJet frequent guest program to its customers 26
Visa 27
Europe: Visa provides guidelines for data encryption solutions 27
Japan: Visa launches the first virtual Visa debit card program 28
Thailand: Visa introduces Southeast Asia's first mobile-based one-time password for online shopping 28
US: Visa previews its new online shopping tool 28
US: Wells Fargo and Visa introduce Rapid Alerts for Wells Fargo Visa credit card holders 29
M&A, Partnerships and Organic Growth 30
American Express 30
US: American Express OPEN enters into partnership with AirTran Airways 30
ANZ Bank 30
India: ANZ Bank receives in-principle approval for a foreign bank license from the Reserve Bank of India 30
Singapore and Taiwan: ANZ receives regulatory approval to acquire RBS businesses 30
Bank of America 31
US: Bank of America combines global card services and deposits business units 31
China UnionPay 31
China: circulation of CUP-standard chip card crosses six million mark 31
China: CUP releases survey results on consumer bank card behavior 31
Germany: ICBC and CUP jointly issue first CUP euro card in Germany 33
Italy: merchants under Setefi to accept CUP cards 33
Citi 33
UK: Citi announces the completion of the sale of its Citi Cards portfolio to CCAM 33
Discover 34
US: Diners Club International signs merchant acquiring agreement with Global Payments 34
Fidelity Information Services 34
US: Fidelity Information Services completes six new agreements for its Horizon core banking platform 34
Industrial and Commercial Bank of China 34
China: ICBC becomes world's fourth largest credit card issuer 34
PayPal 35
Asia Pacific: PayPal intends to increase its presence in Asia Pacific 35
US: Magento and PayPal expand their relationship 35
TSYS 35
US: TSYS signs joint venture agreement with First National Bank of Omaha 35
Visa 36
Canada: International Visa card spending reaches $115m in 2010 Olympic Winter Games 36
Appendix 37
Methodology 37
Further reading 37
Ask the analyst 37
Datamonitor consulting 37
Disclaimer 37
List of Tables
Table 1: The 64 companies and subsidiaries covered by Datamonitor's Payment Card Competitor Tracker 3
List of Figures
Figure 1: There are 50 competitor developments picked up in the March Payment Card Competitor Tracker, on a par with January and February 10
Figure 2: New product launches and developments continue to dominate competitor activity, accounting for 34 of the March total of 50 developments 11
Figure 3: Developments across Asia and North America continue to account for the majority of activity in March 12
Figure 4: Card issuers continue to account for the majority of competitor activity featured in the Tracker 13
Figure 5: Developments in online, mobile, and loyalty products were at the forefront of activity in March 14
Figure 6: With just two developments, M&A hit a nine-month low in March 15
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