Payment Card Competitor Tracker: December 2008

Publication Date	February 2009
Publisher	Datamonitor
Product Type	Report
Pages	28
ISBN Number	not applicable
Product Code	DAT10759

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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 64 players, including American Express, Barclaycard, Capital One, Citigroup, Discover, GE Money, First Data, HSBC, JCB, MasterCard, Standard Chartered and Visa.

Scope

Highlights

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

TABLE OF CONTENTS
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 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 Trends and Developments in December
- Developments in mobile payments and the completion of the Westpac-St George merger were the key stories of the month
- The merger of Westpac and St George will significantly shake up competition in the Australian market
- Orange Money potentially sets the template for the future distribution of financial inclusion
- The introduction of SMS into online payment security is a good practical step but not a long term solution
- In line with expectations, December was a quiet month for competitor developments
- There were 36 developments in the December competitor tracker, one of the lowest totals of the year
- Developments in mobile payments and loyalty programs were the biggest areas of innovation in December
- Once again, M&A, partnership and organic growth activity was notable by its absence
- Product, Services and Innovation
- AEON Credit Service
- Malaysia: AEON credit distributes RM 300,000 holiday vouchers
- American Express
- US: American Express and Delta Airlines extend their co-brand partnership
- US: American Express introduces gift card for businesses
- US: American Express launches annual My Wishlist discount program
- Bank of America
- US: Bank of America to provide corporate card program for Carnival Corporation
- BNP Paribas
- Ivory Coast: BNP Paribas and Orange launch mobile payments
- Capital One
- US: Capital One launches No Hassle Rewards Card
- Citigroup
- India: Citibank launches card protection plan
- Indonesia: Citi launches contactless payments
- Korea: Citibank launches mobile banking service
- Poland: Citi Handlowy introduces 'Pay with Your Mobile' service for transport
- US: Citi announces the option to redeem ThankYou Points through Amazon.com
- Discover
- US: Discover Card launches a series of reward promotions
- US: Discover Financial Services launches Biodegradable Discover Card
- Erste Bank
- Europe: Erste Bank and Savings Bank to have IBAN and BIC printed on their ATM cards facilitating payment transactions
- Fidelity National Information Services
- US: FIS and Microsoft make MSN Money financial news available to clients
- Russian Standard Bank
- Russia: RSB launches Winter rewards catalog
- Russia: RSB extends ATM network
- Visa
- Australia: Visa announces five-year plan to strengthen payment security
- China, Taiwan: Visa launches mobile-based one-time passwords for online purchases
- Taiwan: Visa extends debit card program in Taiwan
- US: Visa launches guidance service for small businesses
- US: Visa Mobile to be available on Android
- M&A, Partnerships and Organic Growth
- American Express
- US: American Express announces partnerships with SFCVB and the Grammys
- ANZ Bank
- Indonesia: ANZ Bank opens branches in Indonesia
- Capital One
- US: Capital One to acquire Chevy Chase bank
- Citigroup
- India: Citi announces sale of Citigroup Global Services
- US: Citi chosen as Global Commercial Card provider for ScheringPlough
- Indonesia: Citibank and Artajasa to provide service in more than 14, 000 ATMs
- Germany: Citi completes sale of German retail banking operation to Crdit Mutuel-CIC
- Commerzbank
- Germany: Supervisory board agrees to accelerated takeover of Dresdner Bank
- Erste Bank
- Austria: Erste Bank acquires Weinviertler Sparkasse
- First Data
- Italy: First Data signs processing agreement with Unicard
- TSYS
- Canada: TSYS and JP Morgan Chase sign new Canadian agreement and terminate WaMu contract
- Visa
- Singapore, Hong Kong: Visa announces processing joint venture with Yalamanchili
- Westpac
- Australia: Completion of Westpac and St. George merger announced
- Appendix
- Methodology
- Further reading
- Ask the analyst
- Datamonitor consulting
- Disclaimer