Abstract
Overview
Introduction
The Payment Card Competitor Tracker provides expert analysis and opinion on
the strategic moves of leading competitors in the payment cards market.
Produced on a quarterly basis, the Tracker is a global product and
consistently covers players such as American Express, Barclaycard, Capital
One, Citigroup, Discover, GE Consumer Finance, First Data, HSBC, JCB,
MasterCard, Standard Chartered and Visa.
Reasons to Purchase
- Gain invaluable information on your key competitors in one concise document
- Keep fully informed of the market, product, competitor and strategic
developments of leading players in the market
- Learn the Datamonitor Cards & Payments Team' s view on the most important
competitor developments in the quarter
Table of Contents
- Overview
- Catalyst
- Summary
- Methodology
- Table of Contents
- Introduction
- Who is the target reader?
- Changes to the format of the Competitor Tracker in 2007
- The Payment Card Competitor Tracker is now organized by theme
- An extended, topic-driven commentary replaces the Cards & Payments
Team view
- How to use the Payment Card Competitor Tracker
- ProductS, Services and Innovation
- Roundup of the key developments in Q1 2007
- Card product developments
- Co-branding has been the focus of the bulk of product development
this quarter
- Further co-branding launches have focused on healthcare and other
retail opportunities
- Discover has launched a product aimed squarely at revolvers
- Processor product and service developments
- The biggest development in this area is First Data' s decision to
leave the cheque processing business
- New technologies and product innovation
- Two trials of mobile payments this quarter suggest that momentum is
building behind this concept
- Activity in contactless payments remains strong across many markets
- AEON Credit Service
- Malaysia: AEON Credit announces co-brand in partnership with RedHot
Media
- Malaysia: AEON Credit announces launch of ATM network
- American Express
- Jordan: American Express launches Blue
- UK: MBNA launches Platinum American Express credit card
- US: American Express announces that over 90 Tully' s Coffee outlets are
to accept ExpressPay
- US: American Express adds bonus mile rewards to Delta Skymiles
consumer and small business co-brands
- US: American Express adds Delta Airlines to its International Airline
program
- US: American Express announces changes to the price and benefits
package on its consumer Platinum Card
- US: American Express announces changes to the price and benefits
package on its Business Platinum Card
- US: American Express announces that the STAPLES Center is to accept
ExpressPay
- US: American Express announces that over 200 ShopRite stores are to
accept ExpressPay
- ANZ Bank
- Australia: ANZ launches prepaid foreign currency travel card
- Australia: ANZ and Telstra pilot integrated ATM-Payphone
- Bank of America
- Canada: MBNA and MCAP launch co-brand with homeowner related loyalty
options
- UK: MBNA launches Platinum American Express credit card
- US: Bank of America and MedImpact launch a co-brand card and wider
healthcare offering
- US: Bank of America launches a prepaid card range to provide emergency
relief
- Barclaycard
- UK: Barclaycard lowers rates on its Premiership and Charity credit
cards
- UK: Barclaycard demonstrates contactless payment acceptance in taxis
- Capital One
- US: Capital One launches No Hassle Cash Rewards credit card
- Citigroup (incl. Diners Club)
- UK: Citigroup launches variation on its Platinum card with iTunes
rewards
- Discover
- US: Discover launches reward program for long-term revolvers
- US: Discover trials mobile phone account management system
- First Data
- Australia: First Data to accept CUP in its Cashcard ATM network
- US: First Data to exit cheque and money order business
- GE Money
- China: GE Money announces the launch of a co-brand card in partnership
with Auchan
- US: GE launches co-brand card in partnership with Michael C. Fina
- US: GE launches consumer credit program in partnership with PJ Trailer
Companies
- HSBC
- UK: HSBC to target Polish migrant entrepreneurs
- US: HSBC launches employee-level mobile contactless payment technology
trial
- JCB
- Asia Pacific: JCB to adopt Visa' s contactless specification
- JP Morgan Chase
- Canada: Chase launches new card in Canada
- US: Chase introduces payroll card program for Randstad
- US: Chase launches small business card aimed exclusively at contractors
- US: Chase launches co-brand in partnership with Orvis
- US: Chase makes donation to American Cancer Society as reward point
redemption option
- US: Chase and Southwest Airlines revamp the loyalty offering on their
co-brands
- US: First USA and Countrywide Financial Corporation launch mortgage
reward card
- US: Chase launches co-brand in partnership with online retailer
Zappos.com
- MasterCard
- Kuwait: MasterCard launches cardholder discount promotion
- Switzerland: MasterCard announces first PayPass transaction
- Taiwan: MasterCard announces mobile payments trial
- US: MasterCard announces expansion of its contactless acceptance
- Nordea
- Finland: Nordea to introduce card personalization services
- Visa
- Europe: Visa launches solution to capture regular payments
- Netherlands: Visa launches V PAY
- US: Visa announces the expansion of its contactless acceptance
- US: Visa announces expansion of its prepaid reload network
- US: Visa rolls out No Signature Required program at San Francisco
Giants stadium
- Westpac
- Australia: Westpac announces rollout of EMV cards and identify theft
insurance
- Others
- Netherlands: Rabobank announces NFC trial
- M&A, Partnerships and Organic Growth
- Roundup of the key developments in Q1 2007
- Merger and acquisition activity
- Developing card markets have seen the majority of activity
- However, there have also been interesting developments in Europe and
the US
- New partnerships and contract renewals
- Strategic partnerships have also proved a popular entry route into
developing markets
- The merger of BBS and PBS highlights the trend towards consolidation
in the European processing sector
- Organic growth and expansion
- Citigroup and HSBC have both obtained permission to set up locally
incorporated subsidiaries in China
- PayPal reaches the 35 million account mark in Europe
- American Express
- Brazil: American Express and Banco Itaú announce issuing agreement
- Kuwait: American Express signs partnership deal with Gulf Bank
- UAE: American Express launches co-brand with Dubai Duty Free
- US: American Express completes its acquisition of Harbor Payments
- US: Citibank to offer the American Express Gift Card
- ANZ Bank
- Laos: ANZ to acquire a majority stake in Vientiane Commercial Bank
- Barclaycard
- Global: Barclays and ABN Amro hold merger talks
- Norway: Entercard to issue cards for Helgeland Sparebank
- BBVA
- China: BBVA completes the signing of its alliance with CITIC
- US: BBVA announces the acquisition of Compass Bancshares
- Citigroup (incl. Diners Club)
- Central America: Citi completes its acquisition of Grupo Financiero Uno
- China: Citi granted approval to become incorporated bank
- Japan: Citigroup launches a tender offer for Nikko Cordial
- Turkey: Citigroup completes its purchase of a stake in Akbank
- UK: Citigroup announces the acquisition of Egg
- US: Citigroup acquires corporate prepaid specialist Ecount
- Erste Bank
- Croatia: Erste Bank to acquire Diners Club Croatia
- Ukraine: Erste Bank completes the acquisition of Bank Prestige
- First Data
- Australia: First Data renews its processing contract with Cuscal
- Canada: TASQ technology expands into the Canadian market
- Global: First Data and NCS form partnership to offer mobile payment
services
- Korea: First Data and INICIS form processing alliance
- Pakistan: First Data announces processing agreement with Alfalah Bank
- Poland: First Data to acquire POLCARD
- Poland: First Data opens Warsaw office
- US: First Data renews its processing contract with First PREMIER
Bank/PREMIER Bankcard
- US: First Data acquires Size Technologies
- US: First Data acquires Datawire Communication Networks
- US: First Data to acquire Instant Cash Services from Wells Fargo
- US: First Data and PrivaSys announce licensing agreement for emerging
payments processing software
- US: First Data announces the acquisition of Intelligent Results
- GE Consumer Finance
- Colombia: GE Money to form a joint venture with Colombia' s Banco
Colpatria
- Honduras: GE Money-BAC joint venture to acquire controlling stake in
Banco Mercantil
- Grupo Santander
- Chile: Santander Consumer Finance and SKBergé launch joint consumer
finance venture
- HSBC
- China: HSBC announces the sale of its stake in Ping An Bank
- China: HSBC obtains final regulatory approval for local incorporation
- Latin America: HSBC bids to complete ownership of Bancosal and IFB
- Vietnam: HSBC to double its holding in Techcombank
- JCB
- UAE: JCB, ORIX, and Majid Al Futtaim announce joint credit card
issuing venture
- KBC
- Serbia: KBA reaches agreement on the acquisition of A Banka
- Czech Republic: KBC moves a step closer in its acquisition of ČSOB
- Slovakia: Fin-Force opens an office in Bratislava
- MasterCard
- Global: eFunds files lawsuit against MasterCard
- TSYS
- Mexico: TSYS announces the extension of its agreement with Spira de
México
- Norway: TSYS announces deal to provide card processing for DnB NOR
- US: TSYS renews processing agreement with Moneris
- US: TSYS renews processing agreement with Sage Payment Solutions
- US: TSYS announces deal to provide acquiring processing for NPC
- US: TSYS announces deal to provide acquiring processing for Clearent
- Visa
- Europe: Visa reports strong growth in the use of payment cards
- US: Visa announces strong growth in commercial card spending
- Others
- Europe: PayPal reaches the 35 million account mark
- Italy: SSB announces acquisition of GIRO Bankcard
- Italy: Crédit Agricole completes purchase of two banks and 193
branches from Banca Intesa
- Nordics: BBS and PBS join to form pan-regional processor
- Nordics: EDB announces the acquisition of CEKAB
- Staffing and Strategy
- American Express
- Group: American Express announces board changes
- ANZ Bank
- Group: ANZ announces board changes
- Barclaycard
- UK: Barclaycard to close Manchester call center
- Citigroup (incl. Diners Club)
- Global: Citi announces board changes
- Global: Citigroup to drop red umbrella as it announces corporate
rebranding
- HSBC
- Group: HSBC announces board change
- JCB
- Group: JCB announces changes to its corporate brand
- Standard Chartered
- Group: Standard Chartered announces board changes
- Westpac
- Australia: Westpac announces the creation of separate consumer and
business banking divisions
- APPENDIX
- Methodology
- Further reading
- Ask the analyst
- Datamonitor consulting
- Disclaimer
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