Payment Card Competitor Tracker: May 2009

Publication Date	June 2009
Publisher	Datamonitor
Product Type	Report
Pages	36
ISBN Number	not applicable
Product Code	DAT10720

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Summary

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

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 May

M&A activity in Asia and a new roll-out of contactless terminals in the UK were the key stories of the month

American Express and China's ICBC announced the completion of a share transfer

RBS and MasterCard announced a contactless trial at Boots in the UK

Developments dropped slightly below the 12-month average in May

There were 53 developments in the May competitor tracker, a decrease from April

Product development has continued to drive activity in May, with M&A activity dropping slightly since April

Asia Pacific and North America were the largest regions for competitor activity in May, but Western Europe saw the highest growth

Schemes/associations featured strongly in May, on a par with developments associated with issuers

Developments in rewards and innovations, and the mobile sector were the biggest areas of interest in May

Partnership and organic growth accounted for the bulk of activity in M&A, partnership and organic growth

Product, Services and Innovation
American Express
US: American Express announces new benefits through Delta SkyMiles credit cards
US: American Express launches DailyWish for its card members
US: American Express and SCORE expand their alliance to help small businesses
Barclaycard
Europe: Barclaycard and Visa Europe to test a new payment card for Deloitte employees
UK: Barclaycard launches upgraded mobile banking service
UK: Barclaycard reduces balance transfer fee
UK: Barclays and Barclaycard welcome RBS and MasterCard's contactless trial at Boots
Citigroup
Korea: Citi launches 'Happy Family, Happy Smiles' campaign
Poland: Citi offers merchant discount program for account debit card holders
Poland: Citi credit card holders win MINI Cooper cars
Singapore: Citibank and Singapore Airlines collaborate to provide travel benefits
Thailand: Citi introduces dining and entertainment benefits in its 'Pattaya Chill' campaign
Cr?(C)dit Agricole
France: Finaref launches in-store subscriptions of its Kangourou card
France: Finaref and American Express offer benefits in Great Members program
Discover Financial Services
US: Pulse, in association with MoneyPass network, launches surcharge-free ATM network
US: Discover offers double cashback bonus or double miles
DnB NOR
Norway: DnB NOR and Telenor test the first contactless mobile phone payment solution
Industrial and Commercial Bank of China
China: ICBC and Air China announce the launch of Air China PhoenixMiles Peony Credit Card
China: ICBC conducts table tennis games for Peony credit card holders
MasterCard
US: MasterCard mobile MoneySend service set to be operational
US: MLB.com and MasterCard announce an online ticket savings program
Standard Chartered
China: Standard Chartered launches Straight2Bank
Malaysia: Standard Chartered Berhad launches JustOne
Thailand: Standard Chartered Bank offers special promotional program for cardholders in association with Thai Sky World Tours
Swedbank
Sweden: Swedbank changes the terms and conditions of charge card usage
Visa
Australia: Visa launches its first global advertising campaign
Canada: Visa and Subway to provide contactless payment services to customers
Hong Kong: Visa's Platinum and Infinite cards to provide special benefits and privileges for its cardholders
India: ICICI Bank to issue Visa debit cards in the US
India: Visa's new debit card commercial to increase awareness of debit cards at POS terminals
Thailand: Visa launches debit card promotion nationwide
Wells Fargo
US: Wells Fargo offers products and services to help domestic and international travelers
US: Wells Fargo expands its mobile banking services to iPhone and iPod touch users
M&A, Partnerships and Organic Growth
American Express
China: American Express and ICBC announce the completion of share transfer
Bank of America
US: Bank of America changes name to increase focus on NASCAR banking products at Lowe's Motor Speedway
BNP Paribas
Belgium: BNP Paribas completes the acquisition of Fortis Bank
China UnionPay
China: China UnionPay introduces acceptance business in additional nine countries
Commerzbank
Germany: Dresdner Bank merged into Commerzbank
Fidelity Information Services
US: Fidelity Information Services selected to provide processing solutions to the Four County Bank
US: Fidelity Information Services signs agreement with Scottrade
First Data
UK: First Data announces contract renewals for FirstVision
HSBC
Indonesia: HSBC completes acquisition of 88.89% of Bank Ekonomi
MasterCard
Belgium: MasterCard Europe reports growth in first quarter
Latin America and the Caribbean: MasterCard report growth in first quarter
UK: MasterCard announces partnership with Boots UK to provide contactless payment services
UK: Travelex to extend its brand relationship with MasterCard
US: MasterCard announces a multi-year contract extension with Fifth Third Bank
US: MasterCard announced a marketing and consumer education campaign targeted at US Hispanic consumers
US: US Postal Service and Dunkin' Donuts join MasterCard easy savings program
TSYS
Brazil: TSYS signs a multi-year contract with Banco Carrefour
Japan: TSYS to process Visa-branded prepaid cards
Visa
Korea: Visa introduces new offers for cardholders visiting Korea
Taiwan: Visa partners with the Taiwan Tourism Bureau to launch a promotional program
US: Total spending on Visa debit card exceeds credit card volume
Appendix
Methodology
Further reading
Ask the analyst
Datamonitor consulting
Disclaimer
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
Figure 1: In May competitor developments saw a marginal decrease on the previous month with 53 developments overall and this remains slightly lower than the 12-month average of 58
Figure 2: M&A, partnership and organic growth developments dropped slightly in May but remained at a higher level then observed during first quarter of 2009
Figure 3: While Asia Pacific and North America accounted for the most stories in May, Western Europe experienced the highest growth
Figure 4: Schemes/associations featured strongly in May with 24 developments in total, well ahead of the 12-month average of 17
Figure 5: Loyalty/rewards and commercial sectors were the key areas for developments in product/services and innovation in May
Figure 6: Partnerships accounted for the majority of developments while M&A developments saw an increase in May on the previous month