Table of Contents
OVERVIEW
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 SEPTEMBER
- In September, the key story was the extension of MasterCard and Visa
mobile payment trials
- MasterCard and Visa continue to drive mobile payment trials and
implementation globally
- Citi announced the sale of its ownership in three North American card
portfolios as it seeks to focus on its core businesses
- Mashreq announced the launch of Mashreq Assist, a new debt counseling
service for its customers in the UAE
- There were 66 developments in September, slightly ahead of the 12-month
average
- There were 66 developments in the September competitor tracker, compared
to the 12-month average of 55
- Product services and innovation was responsible for the rise in activity
in September
- Apart from developments in new payment technology there were innovative
services introduced in September
- Partnerships accounted for the bulk of activity in M&A, partnership and
organic growth
PRODUCT, SERVICES AND INNOVATION
- American Express
- Sweden: American Express and SAS announce their partnership
- US: American Express introduces a new marketing campaign for its charge
card portfolio
- US: American Express offers destination family program for cardholders
- US: American Express announces enhancements to its Membership Rewards
program
- ANZ Bank
- Australia: ANZ Bank and MySpace launch reloadable prepaid Visa card
- Australia: ANZ modifies exception fees on personal accounts
- Bank of America
- US: Bank of America introduces BankAmericard Visa card
- Barclaycard
- UK: Barclaycard introduces mybarclaycard, a new online account servicing
system
- UK: Barclaycard launches a credit card qualification check service
- BBVA
- Spain: BBVA signs agreement with the Spanish Confederation of Police to
offer financial products and services
- Citigroup
- Greece: Athens medical center partners with Citibank
- Hungary: Citibank credit card customers can opt for cancer coverage
program
- Hungary: Magyar Telekom-Citibank co-brand credit card offers benefits to
T-Home and T-Mobile customers
- Singapore: Citibank and MasterCard launch a new cash back credit card
- Taiwan: Citi launches consumer credit education program
- US: Citi launches Citi Virtual card accounts for institutions
- Discover
- Canada: Interac and Pulse agree to provide cash access to Diners Club,
Discover and Pulse cardholders
- DnB NOR
- Norway: DnB NOR customers increase SMS banking
- Erste Bank
- Austria: Erste Bank and Sparkassen introduce ATM card with student ID
valid worldwide
- First Data
- US: First Data and RSA to provide layered security to protect merchant
data
- Industrial and Commercial Bank of China
- China: ICBC to launch a promotional activity by offering discounts on
transfer and remittance service
- China: ICBC offers discount on internet-banking transfer and remittance
for VIP customers
- JPMorgan Chase
- US: Chase Card Services introduces Chase Blueprint
- Mashreqbank
- UAE: Mashreqbank launches debt counseling service
- MasterCard
- Asia Pacific and the Middle East: MasterCard accelerates mobile payment
facility
- Belgium: MasterCard Advanced Authentication for Chip supported by four
vendors
- Europe: MasterCard Europe collaborates with Dataflexnet to provide
travel spend management solutions
- North America: Tim Horton to accept MasterCard PayPass in its restaurant
chain
- UAE: Jumeirah Group in association with MasterCard worldwide introduces
offers for its premium members
- UK: MasterCard to provide electronic payments solution to UK public
sector under the new OGC framework
- US: Wal-Mart launches associate electronic pay program with MasterCard
and First Data
- PayPal
- UK: Monarch and PayPal offer fee waivers to celebrate their two year
partnership
- UK: PayPal plans to offer global payments platform to third-party
developers
- Russian Standard Bank
- Russia: Russian Standard Bank' s membership rewards loyalty program
completes its first year
- UniCredit Group
- Austria: Bank Austria introduces StudentenKonto, a student account along
with a Maestro cash card
- US Bancorp
- UK: Elavon and Santander announce the launch of a new alliance for
merchant services
- Visa
- Australia: Visa and NAB to introduce contactless payment technology to
more than 500 retailers
- Europe: Visa Europe, Credito Valtellinese and Key Client Cards announce
trial of contactless V PAY debit card payments through mobile phone
- Hong Kong: Visa partners with Hong Kong Parkview and Lee Gardens to
provide privileges to its Infinite cardholders
- Pakistan: Visa partners with United Bank Limited Pakistan and local
agencies to distribute funds through its prepaid card
- Vietnam: Visa and Citimart launched promotional events to promote card
payment usage
- Wells Fargo
- US: Wells Fargo expands ExpressSend remittance service to online channel
- US: Wells Fargo announces its new mobile person-to-person payment option
M&A, PARTNERSHIPS AND ORGANIC GROWTH
- Bank of Montreal
- China: BMO obtains approval from the China Banking Regulatory for
incorporating a wholly-owned subsidiary bank
- BNP Paribas
- Luxembourg: BGL becomes BGL BNP Paribas
- Citigroup
- China: Citi' s Bank Services Group partners with Agricultural Bank of
China for international payments
- China: Citibank signs a remittance agreement with Bank of China
- Korea: Citi to establish financial holding company
- Korea: Kookmin Bank partners with Citi for international payments
processing solutions
- North America: Citi sells its three North American partner credit card
portfolios
- China Unionpay
- China: CUP and CPLP enter into memorandum of understanding
- China: CUP Standard Pacific ' Golden' Color World Expo debit card crosses
1.5 million mark
- Discover
- Europe: Pulse and Trionis sign long-term ATM acceptance agreement
- Fidelity Information Services
- UK: ING Direct UK renews outsourcing agreement with Fidelity Information
Services
- US: Fidelity National Information Services and Metavante receive
clearance regarding their planned merger
- First Data
- Turkey: First Data renews its agreement with Akbank
- US: First Data and Web.com to provide online marketing and e-commerce
solutions
- JPMorgan Chase
- US: JPMorgan Chase to provide purchase card services to University
System of Ohio
- Mashreqbank
- UAE: Mashreqbank expands its ATM network in Dubai Metro
- Nordea
- Denmark: Nordea acquires Fionia bank
- Standard Chartered
- Korea: Standard Chartered announces the disposal of its stake in Korean
card business processing
- US Bancorp
- Western Europe: Elavon announces the acquisition of Citibank' s Diners
Club Card portfolio
- UK: Elavon and Santander announce partnership to supply merchant services
- US: Elan Financial Services partners with Associated Bank to offer
credit card services
- US: Elan Financial Services enters into a partnership with KeyBank for
credit card products and services
- Visa
- South Africa: Visa report shows higher international Visa cardholder
spending in relation to the 2010 FIFA world cup
APPENDIX
- Methodology
- Further reading
- Ask the analyst
- Datamonitor consulting
- Disclaimer
TABLES
- Table: The 64 companies and subsidiaries covered by Datamonitor' s Payment
Card Competitor Tracker
- Table: Current relevant publications, 2008 - 09
- Table: Future relevant publications, 2009-10
FIGURES
- Figure: In September, competitor developments saw an increase on the
previous month, with 66 developments, slightly above the 12-month average of 55
- Figure: September witnessed a significant rise in the number of
developments relating to product, services and innovation
- Figure: Western Europe accounted for the most stories in September, well
ahead of the 12-month trend
- Figure: Issuers accounted for the most activity in September, with 38
developments in total, ahead of the 12-month trend
- Figure: New payment technologies, rewards and the commercial sector were
the key areas for developments in product, services and innovation in August
- Figure: Partnerships accounted for the majority of developments in August,
with 15 announcements it total
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