Payment Card Competitor Tracker: September 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 September 5
In September, the key story was the extension of MasterCard and Visa mobile payment trials 5
MasterCard and Visa continue to drive mobile payment trials and implementation globally 5
Citi announced the sale of its ownership in three North American card portfolios as it seeks to focus on its core businesses 6
Mashreq announced the launch of Mashreq Assist, a new debt counseling service for its customers in the UAE 6
There were 66 developments in September, slightly ahead of the 12-month average 7
There were 66 developments in the September competitor tracker, compared to the 12-month average of 55 7
Product services and innovation was responsible for the rise in activity in September 8
Interestingly, Western Europe was the busiest region for competitor activity in September 9
Issuers featured strongly in September, with schemes and processors broadly in line with the 12-month trend 10
Apart from developments in new payment technology there were innovative services introduced in September 11
Schemes are continuing to push the rollout of contactless technology 12
Partnerships accounted for the bulk of activity in M&A, partnership and organic growth 12
Product, Services and Innovation 14
American Express 14
Sweden: American Express and SAS announce their partnership 14
US: American Express introduces a new marketing campaign for its charge card portfolio 14
US: American Express offers destination family program for cardholders 15
US: American Express announces enhancements to its Membership Rewards program 15
ANZ Bank 15
Australia: ANZ Bank and MySpace launch reloadable prepaid Visa card 15
Australia: ANZ modifies exception fees on personal accounts 16
Bank of America 16
US: Bank of America introduces BankAmericard Visa card 16
Barclaycard 17
UK: Barclaycard introduces mybarclaycard, a new online account servicing system 17
UK: Barclaycard launches a credit card qualification check service 17
BBVA 17
Spain: BBVA signs agreement with the Spanish Confederation of Police to offer financial products and services 17
Citigroup 18
Greece: Athens medical center partners with Citibank 18
Hungary: Citibank credit card customers can opt for cancer coverage program 18
Hungary: Magyar Telekom-Citibank co-brand credit card offers benefits to T-Home and T-Mobile customers 19
Singapore: Citibank and MasterCard launch a new cash back credit card 19
Taiwan: Citi launches consumer credit education program 20
US: Citi launches Citi Virtual card accounts for institutions 20
Discover 21
Canada: Interac and Pulse agree to provide cash access to Diners Club, Discover and Pulse cardholders 21
DnB NOR 21
Norway: DnB NOR customers increase SMS banking 21
Erste Bank 21
Austria: Erste Bank and Sparkassen introduce ATM card with student ID valid worldwide 21
First Data 21
US: First Data and RSA to provide layered security to protect merchant data 21
Industrial and Commercial Bank of China 22
China: ICBC to launch a promotional activity by offering discounts on transfer and remittance service 22
China: ICBC offers discount on internet-banking transfer and remittance for VIP customers 22
JPMorgan Chase 23
US: Chase Card Services introduces Chase Blueprint 23
Mashreqbank 23
UAE: Mashreqbank launches debt counseling service 23
MasterCard 23
Asia Pacific and the Middle East: MasterCard accelerates mobile payment facility 23
Belgium: MasterCard Advanced Authentication for Chip supported by four vendors 24
Europe: MasterCard Europe collaborates with Dataflexnet to provide travel spend management solutions 24
North America: Tim Horton to accept MasterCard PayPass in its restaurant chain 25
UAE: Jumeirah Group in association with MasterCard worldwide introduces offers for its premium members 25
UK: MasterCard to provide electronic payments solution to UK public sector under the new OGC framework 26
US: Wal-Mart launches associate electronic pay program with MasterCard and First Data 26
PayPal 26
UK: Monarch and PayPal offer fee waivers to celebrate their two year partnership 26
UK: PayPal plans to offer global payments platform to third-party developers 27
Russian Standard Bank 27
Russia: Russian Standard Bank's membership rewards loyalty program completes its first year 27
UniCredit Group 27
Austria: Bank Austria introduces StudentenKonto, a student account along with a Maestro cash card 27
US Bancorp 28
UK: Elavon and Santander announce the launch of a new alliance for merchant services 28
Visa 28
Australia: Visa and NAB to introduce contactless payment technology to more than 500 retailers 28
Europe: Visa Europe, Credito Valtellinese and Key Client Cards announce trial of contactless V PAY debit card payments through mobile phone 28
Hong Kong: Visa partners with Hong Kong Parkview and Lee Gardens to provide privileges to its Infinite cardholders 28
Pakistan: Visa partners with United Bank Limited Pakistan and local agencies to distribute funds through its prepaid card 29
Vietnam: Visa and Citimart launched promotional events to promote card payment usage 29
Wells Fargo 30
US: Wells Fargo expands ExpressSend remittance service to online channel 30
US: Wells Fargo announces its new mobile person-to-person payment option 30
M&A, Partnerships and Organic Growth 31
Bank of Montreal 31
China: BMO obtains approval from the China Banking Regulatory for incorporating a wholly-owned subsidiary bank 31
BNP Paribas 31
Luxembourg: BGL becomes BGL BNP Paribas 31
Citigroup 31
China: Citi's Bank Services Group partners with Agricultural Bank of China for international payments 31
China: Citibank signs a remittance agreement with Bank of China 32
Korea: Citi to establish financial holding company 32
Korea: Kookmin Bank partners with Citi for international payments processing solutions 32
North America: Citi sells its three North American partner credit card portfolios 32
China Unionpay 33
China: CUP and CPLP enter into memorandum of understanding 33
China: CUP Standard Pacific 'Golden' Color World Expo debit card crosses 1.5 million mark 33
Discover 33
Europe: Pulse and Trionis sign long-term ATM acceptance agreement 33
Fidelity Information Services 34
UK: ING Direct UK renews outsourcing agreement with Fidelity Information Services 34
US: Fidelity National Information Services and Metavante receive clearance regarding their planned merger 34
First Data 34
Turkey: First Data renews its agreement with Akbank 34
US: First Data and Web.com to provide online marketing and e-commerce solutions 34
JPMorgan Chase 35
US: JPMorgan Chase to provide purchase card services to University System of Ohio 35
Mashreqbank 35
UAE: Mashreqbank expands its ATM network in Dubai Metro 35
Nordea 36
Denmark: Nordea acquires Fionia bank 36
Standard Chartered 36
Korea: Standard Chartered announces the disposal of its stake in Korean card business processing 36
US Bancorp 36
Western Europe: Elavon announces the acquisition of Citibank's Diners Club Card portfolio 36
UK: Elavon and Santander announce partnership to supply merchant services 36
US: Elan Financial Services partners with Associated Bank to offer credit card services 37
US: Elan Financial Services enters into a partnership with KeyBank for credit card products and services 37
Visa 37
South Africa: Visa report shows higher international Visa cardholder spending in relation to the 2010 FIFA world cup 37
Appendix 38
Methodology 38
Further reading 38
Ask the analyst 39
Datamonitor consulting 39
Disclaimer 39
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 38
Table 3: Future relevant publications, 2009-10 39
List of Figures
Figure 1: In September, competitor developments saw an increase on the previous month, with 66 developments, slightly above the 12-month average of 55 8
Figure 2: September witnessed a significant rise in the number of developments relating to product, services and innovation 9
Figure 3: Western Europe accounted for the most stories in September, well ahead of the 12-month trend 10
Figure 4: Issuers accounted for the most activity in September, with 38 developments in total, ahead of the 12-month trend 11
Figure 5: New payment technologies, rewards and the commercial sector were the key areas for developments in product, services and innovation in August 12
Figure 6: Partnerships accounted for the majority of developments in August, with 15 announcements it total 13

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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 38
Table 3: Future relevant publications, 2009-10 39

List of Figures
Figure 1: In September, competitor developments saw an increase on the previous month, with 66 developments, slightly above the 12-month average of 55 8
Figure 2: September witnessed a significant rise in the number of developments relating to product, services and innovation 9
Figure 3: Western Europe accounted for the most stories in September, well ahead of the 12-month trend 10
Figure 4: Issuers accounted for the most activity in September, with 38 developments in total, ahead of the 12-month trend 11
Figure 5: New payment technologies, rewards and the commercial sector were the key areas for developments in product, services and innovation in August 12
Figure 6: Partnerships accounted for the majority of developments in August, with 15 announcements it total 13
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