Payment Card Competitor Tracker: October 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

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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 October 5
In October, the key story was Barclays' plans to acquire Citigroup's Portuguese card business 5
Barclays to acquire Citi cards in Portugal in line with its international expansion strategy 5
JP Morgan's Treasury Services revamped its commercial offering in Europe, Middle East and Africa 5
There were 54 developments in October, slightly ahead of the 12-month average 6
There were 54 developments in the October competitor tracker, compared to the 12-month average 52 6
M&A was relatively quite in October, well below the 12-month average 7
In line with the 12-month average, North America and Asia Pacific were by far the busiest regions for competitor activity 8
Issuers featured strongly in October, with schemes and processors broadly in line with the 12-month trend 9
Commercial sector, loyalty/rewards and innovations were the key areas for developments in product, services and innovation in October 10
Schemes are continuing to push the rollout of contactless technology 11
Partnerships accounted for the bulk of activity in M&A, partnerships and organic growth 11
Product, Services and Innovation 13
Aeon Credit Service 13
Malaysia: Aeon Credit and Aeon Co launch Aeon card 13
American Express 13
Singapore: American Express and United Overseas bank launch the UOB PRVI American Express card 13
US: American Express eliminates monthly fees for its gifts cards 13
US: American Express launches new charge card 14
US: American Express launches online money manager for its charge card members 15
ANZ Bank 15
Australia: ANZ Bank to introduce the Visa payWave contactless payment card 15
Atos Origin 16
UK: Atos Origin launches fuelGenie, a business fuel card 16
Bank of America 16
US: Bank of America Merrill Lynch launch new banking channel 16
Bank of Montreal 16
Canada: Bank of Montreal enhances redemption benefits on Gold Air Miles MasterCard 16
Barclaycard 16
Sweden: Union of commercial employees and EnterCard launch new credit card 16
UK: Barclays introduces short film to raise awareness of contactless 17
US: RecycleBank introduces the Gconomy Visa card 17
China UnionPay 17
Canada: China UnionPay introduces ATM acceptance business in Canada 17
Taiwan: China Unionpay and Agricultural Bank of China launch Kins Unionpay Taiwan tourism card 18
The Philippines: China UnionPay and RCBC Bankard introduce the CUP card acceptance network 18
Citigroup 19
Indonesia: Citi and Telkomsel offer new credit card benefits celebrating the fourth anniversary of their partnership 19
Malaysia: Citi launches instant rewards points redemption program 19
Russia: Citi launches ultra premium credit card - the Miles & More Ultima MasterCard 19
The Philippines: Citi offers 30-day payment holiday to Typhoon Ketsana victims 20
US: ThankYou members eligible to download music from Sony Music Entertainment 20
US: Citi launches Citi Mobile En Español 20
Credit Agricole 20
France: Finaref develops mobile banking website 20
France: Finaref announces enhancements to the Mandarine card of La Maison de Valérie 21
France: Finaref revamps the Printemps card 21
Discover 21
US: Hess to accept Discover Zip payment devices at its locations 21
First Data 21
US: First Data and PayPal to offer new online payment service 21
US: First Data and Yahoo to provide payment options to merchants 22
Industrial and Commercial Bank of China 22
China: Industrial and Commercial Bank of China launches chip cards 22
China: ICBC upgrades its e-banking products 22
JP Morgan Chase 23
Europe, Middle East and Africa: JPMorgan Chase expands commercial card initiative 23
Mashreqbank 24
UAE: C3 Card signs agreement with Mashreq to provide electronic payroll solutions for low wage earners 24
MasterCard 24
Iraq: Warka bank launches a range of MasterCard payment products 24
US: Fifth Third bank to issue the World Debit MasterCard 24
US: MasterCard launches Money Manager, an interactive financial management tool 25
US: Reliant Energy to accept MasterCard cards for bill payments 25
US: Hess to accept MasterCard PayPass at its gas stations and convenience store locations 25
Maybank 25
Singapore: Maybank card members to earn five times the usual points for their donations to the Red Cross Donation Drive 25
PayPal 26
US: eBay and PayPal offer Bill Me Later as a payment option 26
US: PayPal and Green Dot agreement allows customers to shop online 26
TSYS 26
US: TSYS introduces MobilePASS 26
US: TSYS introduces credit card program for regional and community financial institutions 27
US Bancorp 27
US: US Bank introduces downloadable mobile banking application 27
Visa 27
US: Visa launches Visa IntelliLink Spend Management 27
Taiwan: Chunghwa Post launches Visa debit card in Taiwan 28
Wells Fargo 28
US: Wells Fargo temporarily eliminates remittance transfer fees for families and friends affected by Typhoon Ketsana 28
M&A, Partnerships and Organic Growth 29
American Express 29
US: American Express and ICBC reaffirm their strategic co-operation 29
Barclaycard 29
Portugal: Barclays Bank to acquire Citi's Portugal credit card business 29
China UnionPay 29
China: China UnionPay issues more than 1.1million bankcards based on "CUP Card of 60th Anniversary for Foundation of PRC" theme 29
Citibgroup 29
Norway: Citi sells its Norwegian consumer finance business to Gjensidige Bank 29
Discover 30
US: Diners club International sign agreement with Elavon 30
Fidelity Information Services 30
US: Fidelity Information Services completes Metavante Technologies acquisition 30
US Bancorp 30
US: US Bank expands in Nevada by acquiring banking operations of BB&T Corporation 30
Visa 31
South Korea: International Visa card holder spend reaches $1.3 billion in 2008 31
US: Visa estimates $90.2 trillion in global commercial spending for 2008, $20.3 trillion in the US 31
Appendix 32
Methodology 32
Further reading 32
Ask the analyst 33
Datamonitor consulting 33
Disclaimer 33
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 32
Table 3: Future relevant publications, 2009-10 33
List of Figures
Figure 1: In October, competitor developments saw an slight drop on the previous month, with 54 developments, slightly above the 12-month average of 52 7
Figure 2: October witnessed a significant drop in developments relating to M&A 8
Figure 3: North America and Asia Pacific accounted for the most stories in October, in line with the 12-month trend 9
Figure 4: Issuers accounted for the most activity in October, with 26 developments in total, but schemes also featured strongly 10
Figure 5: Commercial sector, loyalty/rewards and innovations were the key areas for developments in product, services and innovation in October 11
Figure 6: Conversely to developments in September M&A accounted for the majority of activity in October, with four announcements it total 12

[Inhaltsverzeichnis ausblenden]

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 32
Table 3: Future relevant publications, 2009-10 33

List of Figures
Figure 1: In October, competitor developments saw an slight drop on the previous month, with 54 developments, slightly above the 12-month average of 52 7
Figure 2: October witnessed a significant drop in developments relating to M&A 8
Figure 3: North America and Asia Pacific accounted for the most stories in October, in line with the 12-month trend 9
Figure 4: Issuers accounted for the most activity in October, with 26 developments in total, but schemes also featured strongly 10
Figure 5: Commercial sector, loyalty/rewards and innovations were the key areas for developments in product, services and innovation in October 11
Figure 6: Conversely to developments in September M&A accounted for the majority of activity in October, with four announcements it total 12
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