Payment Card Competitor Tracker: May 2010
http://www.reportsandreports.com/market-reports/payment-card-competitor-tracker-may-2010/
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.
Table Of contents
Overview 1
Catalyst 1
Summary 1
Methodology 1
Table of Contents 2
Table of figures 3
Table of tables 4
Introduction 5
The Payment Card Competitor Tracker provides both one month and 12 month views of developments 5
Each month, Datamonitor tracks the most relevant announcements from 64 competitors 5
Datamonitor's Cards and Payments Team provides analysis of the key developments at both the one month and 12 month level 6
A fully searchable database of developments from January 2007 onwards is also delivered alongside the report 6
Key Developments in May 7
Developments in Contactless, Mobile, Online, and Prepaid in May 7
Contactless and Mobile: BNP Paribas take part in Nice Ville NFC 2010 project 7
Online: Social media gains traction with payment players 8
Prepaid: Expansion in the world's biggest markets 8
There were 47 developments in May, slightly less than the 12-month average 10
The 47 developments in May are not far off the 12-month average of 55 10
Product services and innovations and M&A and partnership stories were both slightly down in May but on par with the 12 month average 10
North America and Asia Pacific both had 17 developments in May 11
Card Issuers continue to account for the majority of competitor activity in the industry 12
Developments in Prepaid were at the forefront of activity in May 13
M&A activity declined in May reaching a 12 month low of just one development 14
Products, Services and Innovation 16
AEON Credit Service 16
Hong Kong: AEON credit cardholders to receive fuel rebate under PetroChina offer 16
Hong Kong: AEON offers rewards to its KFC Visa cardholders 16
American Express 16
UK: American Express launches Starwood Preferred Guest credit card 16
US: American Express launches PASS, a prepaid reloadable card for the youth market 17
US: American Express launches ZYNC charge card 17
Bank of America 19
UK: MBNA launches mobile banking text service for credit cards 19
Bank of China 19
China: Bank of China launches new Australian dollar card, Great Wall International 19
China: BOC launches mobile phone banking service, 'Bank of Palm line' 19
China: BOC launches new payment method for medical treatment 19
Barclaycard 19
South Africa: Absa to launch a prepaid travel card 19
UK: Barclaycard, EAT and Subway roll out consumer awareness campaign for contactless 19
BNP Paribas 20
France: BNP Paribas to take part in the Nice Ville NFC 2010 operation with two trial offers 20
Capital One 20
US: Capital One to launch small business rewards card, Venture for Business 20
China Union Pay 20
China: CUP and China Construction Bank launch two new football branded cards 20
Citigroup 21
Hungary: Citigroup offers free flight ticket on Malév-Citibank Credit Card subscription and specified use 21
Malaysia: Citigroup launches new cashback Platinum card 21
Russia: ZAO Citibank to introduce 3D Secure technology for online payments 21
Taiwan: Citigroup to launch co-branded card, Citi-HAPPY GO 21
Turkey: Citi Turkey to launch an e-shopping mall 22
Discover 22
US: Discover to offer card to union members in collaboration with Amalgamated Bank of Chicago 22
JPMorgan Chase 22
US: JPMorgan Chase to offer a new card targeting mid-sized companies 22
MasterCard 23
US: MasterCard introduces PayPass at Las Vegas McCarran International Airport 23
Singapore: MasterCard to pilot NFC mobile payments in partnership with Gemalto 23
Visa 23
Hong Kong: Visa to offer new benefits for Visa Platinum and Visa Infinite cardholders 23
Singapore: Visa to offer sports travel packages for its premium cardholders 24
US: Visa plans to rollout Visa ReadyLink 24
US: Visa offers Visa Match Planner for FIFA World Cup 24
M&A, Partnerships and Organic Growth 25
Barclaycard 25
UK: Barclaycard announces partnership program with Wembley Arena 25
China UnionPay 25
Asia Pacific: CUP to partner with Global Payments to expand acceptance in Asia 25
China: CUP to collaborate with ICBC to issue Chip Credit Card 25
China: CUP collaborates with various parties to establish Mobile Payment Industry Alliance 25
China: CUP partners with China Telecom to develop mobile payment 25
US: CUP to partner with Bank of Hawaii to develop acceptance network 27
Citigroup 27
Norway: Citi to sell its Norwegian Shell MasterCard portfolio to Ikano Bank 27
Fidelity Information Services 27
US: Fidelity Information Service to launch Canadian reloadable prepaid card in partnership with SelectCore 27
First Data 28
Poland: First Data supports partner Raiffeisen Bank to offer chip cards 28
US: First Data to sign agreement with SunTrust to offer PIN debit access 28
US: MasterCard and HSBC to renew global Premier relationship 28
US: MasterCard enables Chase to access the MasterCard Easy Savings Program 29
TSYS 29
UK: TSYS to partner with Serverside Group to launch TSYS Card Shop 29
US: TSYS signs agreement with Alaska Option 29
US: TSYS announces extension of its processing agreement with Canadian Imperial Bank of Commerce 30
Visa 30
US: Visa and MoneyGram to launch cash-to-card money transfer program 30
APPENDIX 31
Methodology 31
Further reading 31
Ask the analyst 32
Datamonitor consulting 32
Disclaimer 32
List of Tables
Table 1: The 64 companies and subsidiaries covered by Datamonitor's Payment Card Competitor Tracker 5
Table 2: Current relevant publications 31
List of Figures
Figure 1: There are 47 competitor developments picked up in the May Payment Card Competitor Tracker, the lowest number in 2010 so far 10
Figure 2: New product launches and developments continue to dominate competitor activity, accounting for 31 of the May total of 47 developments 11
Figure 3: Developments in Asia and North America accounted for the majority of activity in May 12
Figure 4: Card issuers continue to account for the majority of competitor activity featured in the Tracker 13
Figure 5: Developments in commercial and loyalty offerings were at the forefront of activity in April 14
Figure 6: With just one development, M&A hit a twelve-month low in May 15
Overview 1
Catalyst 1
Summary 1
Methodology 1
Table of Contents 2
Table of figures 3
Table of tables 4
Introduction 5
The Payment Card Competitor Tracker provides both one month and 12 month views of developments 5
Each month, Datamonitor tracks the most relevant announcements from 64 competitors 5
Datamonitor's Cards and Payments Team provides analysis of the key developments at both the one month and 12 month level 6
A fully searchable database of developments from January 2007 onwards is also delivered alongside the report 6
Key Developments in May 7
Developments in Contactless, Mobile, Online, and Prepaid in May 7
Contactless and Mobile: BNP Paribas take part in Nice Ville NFC 2010 project 7
Online: Social media gains traction with payment players 8
Prepaid: Expansion in the world's biggest markets 8
There were 47 developments in May, slightly less than the 12-month average 10
The 47 developments in May are not far off the 12-month average of 55 10
Product services and innovations and M&A and partnership stories were both slightly down in May but on par with the 12 month average 10
North America and Asia Pacific both had 17 developments in May 11
Card Issuers continue to account for the majority of competitor activity in the industry 12
Developments in Prepaid were at the forefront of activity in May 13
M&A activity declined in May reaching a 12 month low of just one development 14
Products, Services and Innovation 16
AEON Credit Service 16
Hong Kong: AEON credit cardholders to receive fuel rebate under PetroChina offer 16
Hong Kong: AEON offers rewards to its KFC Visa cardholders 16
American Express 16
UK: American Express launches Starwood Preferred Guest credit card 16
US: American Express launches PASS, a prepaid reloadable card for the youth market 17
US: American Express launches ZYNC charge card 17
Bank of America 19
UK: MBNA launches mobile banking text service for credit cards 19
Bank of China 19
China: Bank of China launches new Australian dollar card, Great Wall International 19
China: BOC launches mobile phone banking service, 'Bank of Palm line' 19
China: BOC launches new payment method for medical treatment 19
Barclaycard 19
South Africa: Absa to launch a prepaid travel card 19
UK: Barclaycard, EAT and Subway roll out consumer awareness campaign for contactless 19
BNP Paribas 20
France: BNP Paribas to take part in the Nice Ville NFC 2010 operation with two trial offers 20
Capital One 20
US: Capital One to launch small business rewards card, Venture for Business 20
China Union Pay 20
China: CUP and China Construction Bank launch two new football branded cards 20
Citigroup 21
Hungary: Citigroup offers free flight ticket on Malév-Citibank Credit Card subscription and specified use 21
Malaysia: Citigroup launches new cashback Platinum card 21
Russia: ZAO Citibank to introduce 3D Secure technology for online payments 21
Taiwan: Citigroup to launch co-branded card, Citi-HAPPY GO 21
Turkey: Citi Turkey to launch an e-shopping mall 22
Discover 22
US: Discover to offer card to union members in collaboration with Amalgamated Bank of Chicago 22
JPMorgan Chase 22
US: JPMorgan Chase to offer a new card targeting mid-sized companies 22
MasterCard 23
US: MasterCard introduces PayPass at Las Vegas McCarran International Airport 23
Singapore: MasterCard to pilot NFC mobile payments in partnership with Gemalto 23
Visa 23
Hong Kong: Visa to offer new benefits for Visa Platinum and Visa Infinite cardholders 23
Singapore: Visa to offer sports travel packages for its premium cardholders 24
US: Visa plans to rollout Visa ReadyLink 24
US: Visa offers Visa Match Planner for FIFA World Cup 24
M&A, Partnerships and Organic Growth 25
Barclaycard 25
UK: Barclaycard announces partnership program with Wembley Arena 25
China UnionPay 25
Asia Pacific: CUP to partner with Global Payments to expand acceptance in Asia 25
China: CUP to collaborate with ICBC to issue Chip Credit Card 25
China: CUP collaborates with various parties to establish Mobile Payment Industry Alliance 25
China: CUP partners with China Telecom to develop mobile payment 25
US: CUP to partner with Bank of Hawaii to develop acceptance network 27
Citigroup 27
Norway: Citi to sell its Norwegian Shell MasterCard portfolio to Ikano Bank 27
Fidelity Information Services 27
US: Fidelity Information Service to launch Canadian reloadable prepaid card in partnership with SelectCore 27
First Data 28
Poland: First Data supports partner Raiffeisen Bank to offer chip cards 28
US: First Data to sign agreement with SunTrust to offer PIN debit access 28
US: MasterCard and HSBC to renew global Premier relationship 28
US: MasterCard enables Chase to access the MasterCard Easy Savings Program 29
TSYS 29
UK: TSYS to partner with Serverside Group to launch TSYS Card Shop 29
US: TSYS signs agreement with Alaska Option 29
US: TSYS announces extension of its processing agreement with Canadian Imperial Bank of Commerce 30
Visa 30
US: Visa and MoneyGram to launch cash-to-card money transfer program 30
APPENDIX 31
Methodology 31
Further reading 31
Ask the analyst 32
Datamonitor consulting 32
Disclaimer 32
List of Tables
Table 1: The 64 companies and subsidiaries covered by Datamonitor's Payment Card Competitor Tracker 5
Table 2: Current relevant publications 31
List of Figures
Figure 1: There are 47 competitor developments picked up in the May Payment Card Competitor Tracker, the lowest number in 2010 so far 10
Figure 2: New product launches and developments continue to dominate competitor activity, accounting for 31 of the May total of 47 developments 11
Figure 3: Developments in Asia and North America accounted for the majority of activity in May 12
Figure 4: Card issuers continue to account for the majority of competitor activity featured in the Tracker 13
Figure 5: Developments in commercial and loyalty offerings were at the forefront of activity in April 14
Figure 6: With just one development, M&A hit a twelve-month low in May 15
