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.
Rasons to Purchase
- Gain invaluable information on your key competitors in one concise document
- Keep fully informed of the market, product, competitor and strategic
developments and 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
- Product, Services, and Innovation
- Roundup of the key developments in Q2 2007
- Card product developments
- Prepaid card offering is growing in the UK and the US
- American Express introduces mortgage payments credit card
- New technologies and product innovation
- MasterCard and Visa rollout contactless payments to taxis and
airport car parks in the US
- Activity in contactless payments remains strong across other markets
- There has been a number of developments in mobile technology
- Visa and Maybank launch person-to-person (P2P) payments service
- AEON Credit Service
- Malaysia: AEON Credit and AGS launch a golf-themed card
- Malaysia: AEON Credit launches ATM network
- Malaysia: AEON Credit launches MMSDA affinity card
- American Express
- Argentina: Banco Privado launches American Express card
- Asia Pacific: Westpac introduced Westpac American Express card
- US: American Express introduces mortgage payments credit card
- US: American Express launches three special occasion gift cards
- US: Bank of America launches American Express credit card to target
affluent customers
- ANZ
- Indonesia: ANZ bank introduces the World MasterCard card
- Vietnam: Sacombank and ANZ form money transfer alliance
- Bank of America (incl. MBNA)
- UK: MBNA launches AOL co-brand credit card
- US: Bank of America completes mobile banking rollout
- US: Bank of America launches American Express credit card to target
affluent customers
- Barclaycard
- UK: Barclays introduced PINsentry online banking security feature
- UK: Barclaycard to offer green credit card
- UK: Barclays introduces mobile payment service
- UK: Barclaycard signs first retail partner for contactless payments
- Citigroup (incl. Diners Club)
- Malaysia: Citibank launches cashback Gold card
- Philippines: Citibank offers mobile prepaid reload service
- Taiwan: Citibank Taiwan launches 24-hour credit card approval service
- Thailand: Citibank offers more benefits in six popular spending
categories
- Turkey: Citibank and Akbank to share ATM networks
- US: Citibank introduces Citi Mobile
- Discover
- US: Discover Card reintroduces cashback bonus credit products
- US: Discover and First Data lauch payroll cards
- First Data
- Global: First Data furthers NFC play with ViVOtech investment
- UK: First Data launches Vue cinema gift card program
- US: Coinstar to offer Money Network Pay Card through Coinstar Kiosks
- US: Discover and First Data to deliver Discover Network payroll cards
- GE Consumer Finance
- Global: GE Money and eBay offer eBay MasterCard
- US: Wal-Mart to introduce prepaid Visa cards with GE Money
- HSBC
- UK: HSBC offers two new interest-free credit cards
- JCB
- Japan: JCB and Collis launch contactless card testing product
- JP Morgan Chase
- Canada: Chase announces changes to Sears Club loyalty program
- US: Sheetz and Chase Card Services announces changes Sheetz co-brand
- US: JP Morgan Chase lauched prepaid card for the reciept of the
unemployment benefit
- MasterCard
- Taiwan: MasterCard announces the official lauch of contactless
transport card
- US: MasterCard announces PayPass acceptance at US Airports parking
areas
- RBS
- UK: RBS announces balance transfer offers
- TSYS
- Qatar: TSYS to offer EMV-compliant issuance processing services
- UK: Norwich Union and TSYS announce prepaid rewards card pilot
- Visa
- Canada: Visa to launch Visa PayWave
- Singapore: Visa and Maybank launch person-to-person (P2P) payments
service
- US: Visa and Creative Mobile Technologies partner to bring contactless
payments to thousands of New York Taxis
- US: Wells Fargo and Visa launch mobile payment pilot
- Westpac
- Australia: Westpac forced to block cards after security breach
- Pacific: Westpac introduces Westpac American Express card
- M&A, Partnerships, and Organic Growth
- Roundup of the key developments in Q2 2007
- Organic growth and expansion
- Several major banks have commenced yuan business in China
- Barclaycard launched its first credit cards in India and United Arab
Emirates
- Merger and acquisition activity
- Several players have looked to make strategic acquisitions
- New partnerships and contract renewals
- Strategic partnerships have also proved a popular entry route into
developing markets
- Bank of America (incl. MBNA)
- Canada: MBNA to purchase CUETS
- China: Bank of America and China Construction Bank enter into credit
card joint-venture
- US: Bank of America announces acquisition of LaSalle
- Barclaycard
- India: Barclaycard launches first credit card in India
- United Arab Emirates: Barclaycard launches credit cards in the UAE
- BBVA
- US: BBVA approves the capital increase for the acquisition of Compass
Bank
- Citigroup (incl. Diners Club)
- China: Citi officially launches as a locally incorporated bank in China
- UK: Citgroup announces acquisition of Egg
- Erste Bank
- Croatia: Erste Bank completes acquisition of Diners Club Adriatic
- First Data
- Canada: First Data extends processing contract with Laurentian Bank of
Canada
- Germany: First Data extends processing contract with Dresdner Bank to
2012
- Group: KKR to purchase First Data
- Saudi Arabia: First Data announces five-year card processing contract
with Saudi issuer
- US: First Data finalizes acquisition of Instant Cash Services
- US: First Data closes acquisition of FundsXpress
- GE Consumer Finance
- Poland: GE Money in talks to acquire BPH stake from UniCredit
- US: GE Money extends credit card issuing agreement with Lowe' s to 2016
- US: GE Money extends card issuing agreement with the Andersons
- Grupo Santander
- Group: Grupo Santander together with RBS and Fortis to acquire ABN Amro
- Italy: Santander completes Intesa Sanpaolo stake sell-off
- HSBC
- China: HSBC launches locally incorporated bank
- Russia: HSBC obtains retail banking license
- KBC
- Russia: KBC acquires majority stake in Absolut Bank
- Serbia: KBC completes takeover of A Banka
- RBS
- Group: RBS together with Grupo Santander and Fortis bid to acquire ABN
Amro
- US: RBS and Bank of America end talks over LaSalle dispute
- US: RBS Lynk to process credit cards for Alon USA
- Standard Chartered
- China: Standard Chartered launches first sub-branch
- TSYS
- US: TSYS renews renews processing contract with MMS
- Westpac
- China: Westpac receives approval to open Shanghai branch
- Staffing and Strategy
- Bank of America
- US: Steve Raftopoulos to head Bank of America' s Middle market M&A
efforts
- Barclaycard
- Spain: Barclays appoints its new top executives in Spain
- Capital One
- Group: Capital One to announces 2,000 job losses in cost-cutting
initiative
- Citigroup
- Group: Citigroup unveils global brand advertising campaign
- Discover
- Group: Discover announces board changes following the spin-off from
Morgan Stanley
- Erste Bank
- Romania: Erste Bank announces changes to its management team
- First Data
- South Korea: First Data appoints new CEO of South Korea Operations
- HSBC
- Asia: Emerging markets specialist becomes CEO for HSBC in Asia
- JCB
- Japan: JCB announces the new brand slogan
- Japan: JCB appoints new President and CEO
- JP Morgan Chase
- US: Gordon Smith appointed head of credit card group
- MasterCard
- Global: MasterCard and FIFA Reach Settlement
- Nordea
- Group: Nordea announces new group stucture
- RBS
- South Korea: RBS Appoints Sy Choi as Head of Global Banking &
Markets for South Korea
- Standard Chartered
- Asia: Standard Chartered appoints as Chief Executive for North East
Asia
- Visa
- Global: Visa announces corporate restructure
- Global: Visa announces new chairman and CEO
- Global: Visa Confirms Global FIFA Relationship
- Appendix
- Methodology
- Further reading
- Ask the analyst
- Datamonitor consulting
- Disclaimer