Payment Card Competitor Tracker: October 2008

Publication Date	December 2008
Publisher	Datamonitor
Product Type	Package
Pages	42
ISBN Number	not applicable
Product Code	DAT14280

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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.

Reasons to Purchase

*Gain invaluable information on your key competitors in one concise document, and track long-term trends using the interactive news database.
*Keep fully informed of the market, product, competitor and strategic developments of leading players in your market and region.
*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
Key Trends and Developments in October
The Continued Impact of The Crisis and The Merger of Visa and Carte Bleue Were The Biggest Events in October
The Fallout from The Financial Crisis Has Driven Further Change at Fortis and American Express
American Express Has Also Undergone A Period of Change as A Result of The Current Crisis
The Merger of Carte Bleue and Visa Cements France as A Visa Market
Positive Results from The Payez Mobile Nfc Trial Suggest That The Technology May Have A Future
October Was The Busiest Month of The Year, Featuring Several Interesting Developments in M&a and New Product Launches
There Were 93 Developments in The October Competitor Tracker, Well Ahead of The 12-Month Average
Product Development Has Driven Total Activity in October, with M&a Largely Stable
The Majority of Overall Competitor Activity Occurred in North America and Asia Pacific
Issuers and Schemes Accounted for The Majority of Developments in The Month, but Players across The Market Have Been Involved in A Higher Level of Activity than Usual
Reward-Based Card Launches, Contactless and Mobile Were The Major Themes of October
as The Seasonal Peak in Card Transactions Approaches, Citigroup Has Been Particularly Active in Driving Incentives for Greater Card Use
Developments in Contactless and Mobile Have Also Been Prevalent This Month
Partnerships and M&a Announcements Featured Strongly in October
Hsbc and China Unionpay Were Particularly Active in October
- Product, Services and Innovation
- American Express
- Australia: American Express to issue David Jones co-brand
- Barclaycard
- UK: Barclaycard promotes contactless payments in advertising campaign
Bnp Paribas
- France: Payez Mobile receives positive feedback; project members continue the field trial
- Citigroup
- Greece: Citibank and Shell launch co-brand
- India: Citibank issues commercial credit card in India
- Malaysia: Citibank launch a debit and ATM card
- Philippines: Citi PremierMiles adds Northwest Airlines lounge access to its package of benefits
- Philippines: Citi adds motoring benefits to Shell co-brand
- Poland: Citi Handlowy launches SMS service to locate Discount Program partners
- Russia: Citibank launches contactless transport co-brand
- Russia: Aeroflot, Zao Citibank and Visa launch a co-brand credit card
- Russia: Zao Citibank launches web discount portal for cardholders
- United Arab Emirates: Citibank launches reward program aimed at high net worth clients
- US: Citi launches prepaid card reward option on its ThankYou network
- US: Citi launches mobile banking platform
- US: Citi pilots person-to-person mobile payment service
- US: Citi to offer MasterCard Payment Gateway to its corporate customers
- Credit Agricole
- France: Finaref launches Web 2.0 site for partners
- GE Money
- Taiwan: Cosmos Bank introduces discount-based reward card
- US: GE Capital Solutions Fleet Services introduces a new fuel card
Hsbc
- Argentina: HSBC issues authentication devices for online banking authentication
Icici
- India: ICICI Bank and British Airways launch co-branded credit card
- JP Morgan Chase
- US: JP Morgan Chase introduces the One Debit Card for Chicago Bears Fans
- MasterCard
- Global: MasterCard announces SecureCode changes for debit cards
- China: China CITIC Bank to issue cards with MasterCard PayPass
- US: MasterCard launches merchant discount portal for debit and prepaid cardholders
- US: Faber, Coe & Gregg to accept MasterCard PayPass
- US: New York and Company now accept MasterCard Paypass
- US: two Canary Island saving banks launch prepaid card aimed at families with school children
- US: Better Business Bureau and MasterCard launch a prepaid payroll card
- US: MasterCard Mobile introduces new set-up procedure for MasterCard PayPass on mobile phones
- PayPal
- Canada: PayPal Canada launches comprehensive online payment solution for merchants
- US: PayPal announces a series of short-term promotions for customers
- Royal Bank of Canada
- Canada: Rogers Wireless joins RBC and Visa in mobile payment pilot
- Canada: RBC is to test mobile remittance service
- Standard Chartered
- India: Standard Chartered issues combined credit and debit card
- US Bancorp
- US: US Bank Voyager tests biodegradable plastic cards
- US and UK: Elavon is first to market with international processing platform conversion
- US: US Bank and Toyota launch co-brand
- Visa
- Canada: Visa introduces chip and PIN cards
- Global: Visa offers ATM locator service for tourists
- Global: Visa and Nokia working towards NFC-compatible handset rollout
- Guatemala: Visa tests mobile payWave in South America
- Hong Kong: AEON, Fubon Bank, and KFC offer a Visa payWave-enabled co-branded card
- India: Visa and Travelocity offer two flights for the price of one to Visa Premium cardholders
- UK: Visa, Barclaycard, and O2 report positive consumer feedback from NFC
- US: HSBC to expand Visa Debit issuance in Asia Pacific and Middle East
- Westpac
- Australia: Westpac launches a new Qantas co-brand
- Others
- Global: EMV compliance is growing
- India: Corporation Bank to launch a co-brand with Life Insurance Corporation
- India: Dena Bank and State Bank of India offer co-branded credit card
- Mongolia: Golomt Bank issues EMV-compliant credit card
- Singapore: Credit cards to be used for road toll payments
- UK: Alliance & Leicester Commercial Bank offers prepaid travel card
- M&A, Partnerships and Organic Growth
- American Express
- US: American Express announces a re-engineering plan
Anz Bank
- Vietnam: ANZ receives license for incorporation in Vietnam
- Barclaycard
- UK: Barclaycard unveils multi-purpose logo
Bnp Paribas
- Belgium: BNP Paribas acquires the operations of Fortis in Belgium and Luxembourg
- China UnionPay
- Singapore: China UnionPay extends presence in Singaporean market
- Citigroup
- India: Citibank and Reliance Retail form credit card joint venture
- Peru: Citi Peru opens a new branch at Lima Cargo City
- First Data
- Global: First Data becomes the first payment processor to offer all major alternative payment brands
- Pakistan: First Data expands into Pakistan
- US: First Data and JP Morgan Chase end their Paymentech joint venture
- US: First Data and WAUSAU financial systems expand relationship
- Fortis
- Belgium: Fortis confirms sale of banking activities
Hsbc
- China: HSBC and China UnionPay are to cross-promote cards
- Indonesia: HSBC to acquire Bank Ekonomi of Indonesia
Icbc
- China: ICBC Bank reports strong growth in credit card spending
Jcb
- Vietnam: JCB cards accepted by more merchants in Vietnam
- JP Morgan Chase
- US: First Data and JP Morgan Chase end their Paymentech joint venture
- PayPal
- US: eBay expands online payments operations with acquisition of Bill Me Later
Rbs
- US: RBS WorldPay to acquire Revolution Money transactions
- Russian Standard Bank
- Russia: RSB to provide American Express acquiring to MIR superstores
- Standard Chartered
- Taiwan: Standard Chartered to acquire Asia Trust and Investment Corporation
Tsys
- Japan: TSYS signs new clients and adds data center in Japan
- Japan: TSYS is to process card transactions for Sony Finance
- UK: TSYS to manage the private label card portfolios of Argos and Homebase
- Visa
- Canada: Visa to become an official partner of the NHL and NHLPA
- France: Visa Europe and Carte Bleue to merge business in France
- US: Discover aiming to settle antitrust case with Visa and MasterCard
- Wells Fargo
- US: Wells Fargo and Wachovia agree to merge
- Others
- Australia: Victoria is to introduce smart card transit system
- Asia Pacific: PayMate India enters Nepal and Sri Lanka mobile payments markets
- Canada: Optimal sells transaction processing business
- Europe: Deutsche Bank and Pago establish an international card services business
- Russia: Khanty-Mansi Bank expands payment infrastructure
- Sri Lanka: Hatton National Bank to site ATMs at filling stations
- UK: Cashbox extends its ATM network
- Appendix
Methodology
Further Reading
Ask The Analyst
Datamonitor Consulting
Disclaimer
List of Figures
- Figure 1: There were 93 competitor developments among Datamonitor's list of tracked companies in October, the highest total in 2008 and well ahead of 12-month average of 56
- Figure 2: New products and services accounted for the majority of activity in October but partnerships and M&A announcements also featured strongly this month as well as during this quarter
- Figure 3: Asia Pacific and North America continue to account for the majority of competitor activity, with Western Europe also experiencing a significant volume of developments
- Figure 4: Card issuers accounted for the bulk of developments in October, but all areas of the market have experienced a far greater level of activity than usual
- Figure 5: Loyalty and co-branding were the biggest categories in October, with mobile and contactless also important
- Figure 6: While partnerships and M&A were the most important developments during October, competitors also made important organic growth and strategy announcements, 2008