OVERVIEW
Catalyst
Summary
Methodology
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 one-month and 12-month intervals
A fully searchable database of developments from January 2007 onwards is also delivered alongside the report
KEY DEVELOPMENTS IN OCTOBER
Developments in contactless, mobile, online and prepaid in October
Contactless: Citi Handlowy deepens its relationship with the Warsaw Transport Authority
Online: First Data and CardinalCommerce partnership will provide a boost to PayPal
Online, Mobile: The SinoPac Display card is a tool to fight fraud but is not the answer for mobile payments
There were 47 developments in October, below the 12-month average and the trend in H1
The level of competitor activity in October is the highest since July but still below the annual average
Products, services and innovation-related developments were in line with the annual average in October
Developments in loyalty and rewards and co-brand cards were at the forefront of activity in October
Partnerships accounted for the majority of developments in the M&A, organic growth and partnership category
PRODUCTS, SERVICES AND INNOVATION
American Express
US: American Express launches a gift card for Diwali
Bank of America
US: Bank of America Merrill Lynch partners with VHA to provide purchasing cards
Barclaycard
UK: Barclays bank managers to demonstrate mobile phone banking service in parks
Citigroup
Malaysia: Citibank re-launches the Citibank Clear Card
Nicaragua: Citi partners with MoneyGram International
The Philippines: Citi launches a prepaid service for corporate and public sector clients
Poland: Citi Handlowy launches a public transport payment card
Singapore: Citibank announces the launch of an exclusive credit card for the private banking segment
US: Citi announces the launch of Citi 2G credit cards
First Data
US: First Data partners with CardinalCommerce to launch a new payment system
US: Bank of America Merchant Services expands its product portfolio with First Data's 'TransArmor' solution
Industrial and Commercial Bank of China
China, Africa: Industrial and Commercial Bank of China launches a China-Africa cross-border cash management platform
ICICI
India: ICICI to offer instant cross-border remittance services
India: ICICI launches the ICICI American Express Prepaid Travel card
India: ICICI Merchant Services to offer Maestro payments online
MasterCard
China: MasterCard launches an electronic traveler's check
Singapore: MasterCard in association with Bank SinoPac launches the 'MasterCard SinoPac Display card'
US: Bank of the West offers MasterCard Purchase Control to commercial customers
Mashreqbank
United Arab Emirates: Mashreq offers a 0% balance transfer
United Arab Emirates: Mashreqbank launches the Mashreq Al Islami debit card
United Arab Emirates: Mashreq announces new offerings on Etisalat Mashreq credit cards
PayPal
UK: British Airways to offer a PayPal option for tickets
UnionPay
China, the Philippines: UnionPay launches a dual currency debit card
Visa
Canada: Visa launches its first debit card in the market
Europe: Visa launches its 'Visa Device Profiling' fraud management service
US: Visa launches a new website to help customers fight payment card fraud
US: Visa enhances its Authorize.net Developer Center
M&A, PARTNERSHIPS AND ORGANIC GROWTH
American Express
US: American Express and First National Bank of Omaha announce a new card issuing partnership
US: American Express partners with SAP to develop an integrated payment solution
China UnionPay
Korea: China UnionPay partners with the Korea Tourism Organization and BC Card Company
South America: UnionPay signs an agreement with Itau and Redecard
Commerzbank
Germany: Commerzbank completes sale of montrada
Discover
US: Discover signs a multi-year agreement with First National Bank of Omaha
US: Discover signs a merchant acquirer agreement with First National Bank Alaska
Fidelity Information Services
Brazil: Fidelity Information Services announces the conversion of Banco Bradesco’s bank cards
First Data
US: CardWorks extends its agreement with First Data
Fidelity Information Services
US: Chartway Federal Credit Union selects FIS's mobile banking platform
HSBC
US: HSBC announces the extension of agreements with four US merchants
MasterCard
India: MasterCard makes a strategic investment in ElectraCard Services
US: MasterCard partners with Cardtronics
TSYS
Canada, Switzerland, US: TeleCommunication Systems signs contract with Bank of Montreal and Swisscard
US: TSYS Acquiring Solutions signs contract with Cynergy Data
US: TSYS Acquiring Solutions signs a multi-year contract with Simmons First National Bank
UK: TSYS announces the extension of its agreement with Bank of Ireland
Wells Fargo
The Philippines: Wells Fargo triples payout locations
APPENDIX
Methodology
Further reading
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Datamonitor consulting
Disclaimer
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