Payment Card Competitor Tracker: August 2009

Financial Services

Publication Date	September 2009
Publisher	Datamonitor
Product Type	Report
Pages	47
ISBN Number	not applicable
Product Code	DAT16044

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Summary

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.

Content

Overview
Catalyst
Summary
Methodology
Table of Contents
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 Both The One Month and 12 Month Level
A Fully Searchable Database of Developments from January 2007 Onwards Is Also Delivered alongside The Report
Key Developments in August
in August, The Key Story Was The Possible Development of An Open-loop Contactless Transit System in The US
The Chicago Transit Authority Is Poised to Boost Open-loop Contactless Payments via Transit Applications
Barclaycard Reveals The Success of Its Early Assistance Service for UK Card Holders Facing Financial Difficulty
Discover's New Advertising Campaign Focuses on What Cardholders 'Get Back' Using Card Loyalty Rewards
There Were 58 Developments in August, Slightly Ahead of The 12-month Average
There Were 58 Developments in The August Competitor Tracker, Compared to The 12-month Average of 56
Product Development and M&a Were Both Responsible for The Rise in Activity in August
North America and Asia Pacific Were The Regions with The Most Competitor Activity in August, in Line with The 12-month Trend
Issuers Featured Strongly in August, but Schemes and Associations Were Also Ahead of The 12-month Trend
Apart from Developments in Rewards, New Payment Technology and The Commercial Sector Were The Biggest Areas of Interest in August
Issuers, Schemes and Processors Are Continuing to Adopt Contactless Technology
Commercial Sector Continues to Account for A Significant Portion of Activity among Issuers
Mobile Technology Is Also An Area of Interest for Players
Partnerships Accounted for The Bulk of Activity in M&a, Partnership and Organic Growth
There Were Several Notable Deals in The Asia Pacific and The US in August
Product, Services and Innovation
China Unionpay
China: China Unionpay Launches Cup-standard Shanghai Tourism Cards
Taiwan: China Unionpay Launch Card Acceptance Business
UK: China Unionpay Announces The Acceptance of Cup Cards at All Link Atms
Citigroup
Hong Kong: Citi Announces The Launch Reward Benefit
India: Citibank Announces The Launch of Citi Titanium Cash Rewards Credit Card
Indonesia: Citi and Giant Announce The Launch of Co-brand Card
Indonesia: Citi and Axis Launch 'Auto Reload', An Automatic Payment Service
South Korea: Citibank Korea Announces The Launch of The Citi International Cash Check Card
Singapore: Citibank Launches Mobile Banking Services
The Philippines: Citi Announces New Rewards and Benefits to New and Existing Credit Card Holders
Thailand: Citi Global Transaction Services Announces The Launch of Citibank Commercial Cards
US: Citi Launches Mobile Banking Services to Smartphones
Discover
US: The Home Depot to Accept Discover Zip Payment Devices
US: Discover's Cashback Bonus Offers Cash Rewards and Bonuses on Purchases
First Data
US: First Data Launches Fd400, A Wireless Enabled Terminal Line
Industrial and Commercial Bank of China
China: Icbc and Bny Mellon Launch Remit Worldwide
China: Icbc Introduces Mobile Banking 3G
Jp Morgan Chase
US: Jp Morgan Chase and United Airlines Launch Three New Credit Cards
US: Jp Morgan Chase Offers Rewards on Every Purchase Made through Chase Freedom Credit Card
US: Chase Card Services Launches Rewards for Affluent Customers
Mashreqbank
UAE: Mashreqbank Launches Co-brand with Grand Entertainment
- MasterCard
- Japan: MasterCard re-launches MasterCard Business Offer program
- Taiwan: Cathay United Bank and MasterCard worldwide launch Cathay United Bank PLAY card
- US: The Home Depot to accept PayPass
- US: Whataburger to accept PayPass
- PayPal
- US: PayPal launches Student Account
- Royal Bank of Canada
- Canada: RBC and WestJet launch co-brand
- US Bancorp
- US: US Bank to add Visa payWave technology to unembossed debit cards issued
- Visa
- Hong Kong: TurboJET to accept Visa payWave
- US: Visa and US Bank launch Syncada, a financial supply chain network
- Wells Fargo
- US: Wells Fargo introduces online payment feature
- Other
- US: Chicago Transit Authority poised to implement an open-loop contactless fare collection system
- M&A, Partnerships and Organic Growth
- American Express
- UK: American Express and British Airways renew their partnership
Anz Bank
- Asia: ANZ Bank to acquire select RBS businesses
- Bank of America
- US: Bank of America and Bottomline Technologies form alliance for electronic payment and invoice network
- Bank of Montreal
- Canada: BMO Spend & Payment Solutions partners with Tri-Pen TravelMaster
- Canada: BMO Spend & Payment Solutions partners with CyberShift
- Barclaycard
- UK: Barclaycard reveals the success of its early assistance initiative
Bbva
- US: BBVA Compass acquires banking operations of Guaranty Bank
Bnp Paribas
- Argentina: BNP Paribas' Buenos Aires sells its retail banking business to Banco Santander R?-o
- France: BNP Paribas and Intesa Sanpaolo reach agreement on Findomestic
- China UnionPay
- China: China UnionPay and HNA Group sign agreement
- Discover
- India: Venture Infotek and Diners Club International sign long-term agreement
- First Data
- South Africa: First Data acquires CashAxcess to provide ATM deployment services
- US: First Data renews transaction processing services agreement with PNC Financial Services group
- GE Money
- Puerto Rico: GE Money signs multi-year agreement with Rooms to Go to provide consumer finance
- US: GE Money renews of Wal-Mart credit card program
- US: GE Money signs multi-year agreement with ABC Warehouse
- Industrial and Commercial Bank of China
- Macau: ICBC established by merging ICBC Macau Branch and Seng Heng Bank
- MasterCard
- Asia Pacific, Middle East and Africa: MasterCard achieves growth in second quarter of 2009
- Asia Pacific, Middle East and Africa: MasterCard announces a 49% increase in dollar volume in its Titanium card program
- Latin America and Caribbean region: MasterCard reports growth in second quarter
- US: MasterCard and CyberShift collaborate to provide organizations with expense management solution
Rbs
- Pakistan: RBS Pakistan enters into a sale agreement with MCB Bank
- Standard Chartered
- Thailand: Standard Chartered bank partners with Major Cineplex group
Tsys
- China: China UnionPay Data Services signs five new long- term bankcard processing agreements
- US: TSYS and Global Cash Access execute processing services agreement
- US Bancorp
- US: Elavon extends partnership with KeyCorp
- US: Elavon acquires merchant processing portfolio of MB Financial Bank
- Visa
- Europe: Visa Europe reports a 14% increase in the number of transactions
Appendix
- Methodology
- Further reading
- Ask the analyst
- Datamonitor consulting
- Disclaimer
List of Tables
- Table 1: The 64 companies and subsidiaries covered by Datamonitor's Payment Card Competitor Tracker
- Table 2: Current relevant publications, 2008-09
- Table 3: Future relevant publications, 2009
List of Figures
- Figure 1: in August, competitor developments saw an increase on the previous month, with 58 developments, in line with the 12-month average of 56
- Figure 2: August witnessed a significant rise in the number of developments relating to product, services and innovation, and M&A compared to July
- Figure 3: North America and Asia Pacific accounted for the most stories in August, in line with the 12-month trend
- Figure 4: Issuers accounted for the most activity in August, with 32 developments in total, in line with the 12-month trend
- Figure 5: New payment technologies, rewards and the commercial sector were the key areas for developments in product, services and innovation in August
- Figure 6: Partnerships accounted for the majority of developments in August, with 15 announcements it total