Table of Contents
OVERVIEW
- Catalyst
- Summary
- Methodology
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 MAY
- M&A activity in Asia and a new roll-out of contactless terminals in the UK
were the key stories of the month
- American Express and China' s ICBC announced the completion of a share
transfer
- HSBC completed the acquisition of 88.89% of Bank Ekonomi in Indonesia
- RBS and MasterCard announced a contactless trial at Boots in the UK
- Developments dropped slightly below the 12-month average in May
- There were 53 developments in the May competitor tracker, a decrease
from April
- Product development has continued to drive activity in May, with M&A
activity dropping slightly since April
- Developments in rewards and innovations, and the mobile sector were the
biggest areas of interest in May
- Partnership and organic growth accounted for the bulk of activity in
M&A, partnership and organic growth
PRODUCT, SERVICES AND INNOVATION
- American Express
- US: American Express announces new benefits through Delta SkyMiles
credit cards
- US: American Express launches DailyWish for its card members
- US: American Express and SCORE expand their alliance to help small
businesses
- Barclaycard
- Europe: Barclaycard and Visa Europe to test a new payment card for
Deloitte employees
- UK: Barclaycard launches upgraded mobile banking service
- UK: Barclaycard reduces balance transfer fee
- UK: Barclays and Barclaycard welcome RBS and MasterCard' s contactless
trial at Boots
- Citigroup
- Korea: Citi launches ' Happy Family, Happy Smiles' campaign
- Poland: Citi offers merchant discount program for account debit card
holders
- Poland: Citi credit card holders win MINI Cooper cars
- Singapore: Citibank and Singapore Airlines collaborate to provide travel
benefits
- Thailand: Citi introduces dining and entertainment benefits in its
' Pattaya Chill' campaign
- Credit Agricole
- France: Finaref launches in-store subscriptions of its Kangourou card
- France: Finaref and American Express offer benefits in Great Members
program
- Discover Financial Services
- US: Pulse, in association with MoneyPass network, launches
surcharge-free ATM network
- US: Discover offers double cashback bonus or double miles
- DnB NOR
- Norway: DnB NOR and Telenor test the first contactless mobile phone
payment solution
- Industrial and Commercial Bank of China
- China: ICBC and Air China announce the launch of Air China PhoenixMiles
Peony Credit Card
- China: ICBC conducts table tennis games for Peony credit card holders
- MasterCard
- US: MasterCard mobile MoneySend service set to be operational
- US: MLB.com and MasterCard announce an online ticket savings program
- Standard Chartered
- China: Standard Chartered launches Straight2Bank
- Malaysia: Standard Chartered Berhad launches JustOne
- Thailand: Standard Chartered Bank offers special promotional program for
cardholders in association with Thai Sky World Tours
- Swedbank
- Sweden: Swedbank changes the terms and conditions of charge card usage
- Visa
- Australia: Visa launches its first global advertising campaign
- Canada: Visa and Subway to provide contactless payment services to
customers
- Hong Kong: Visa' s Platinum and Infinite cards to provide special
benefits and privileges for its cardholders
- India: ICICI Bank to issue Visa debit cards in the US
- India: Visa' s new debit card commercial to increase awareness of debit
cards at POS terminals
- Thailand: Visa launches debit card promotion nationwide
- Wells Fargo
- US: Wells Fargo offers products and services to help domestic and
international travelers
- US: Wells Fargo expands its mobile banking services to iPhone and iPod
touch users
M&A, PARTNERSHIPS AND ORGANIC GROWTH
- American Express
- China: American Express and ICBC announce the completion of share
transfer
- Bank of America
- US: Bank of America changes name to increase focus on NASCAR banking
products at Lowe' s Motor Speedway
- BNP Paribas
- Belgium: BNP Paribas completes the acquisition of Fortis Bank
- China UnionPay
- China: China UnionPay introduces acceptance business in additional nine
countries
- Commerzbank
- Germany: Dresdner Bank merged into Commerzbank
- Fidelity Information Services
- US: Fidelity Information Services selected to provide processing
solutions to the Four County Bank
- US: Fidelity Information Services signs agreement with Scottrade
- First Data
- UK: First Data announces contract renewals for FirstVision
- HSBC
- Indonesia: HSBC completes acquisition of 88.89% of Bank Ekonomi
- MasterCard
- Belgium: MasterCard Europe reports growth in first quarter
- Latin America and the Caribbean: MasterCard report growth in first
quarter
- UK: MasterCard announces partnership with Boots UK to provide
contactless payment services
- UK: Travelex to extend its brand relationship with MasterCard
- US: MasterCard announces a multi-year contract extension with Fifth
Third Bank
- US: MasterCard announced a marketing and consumer education campaign
targeted at US Hispanic consumers
- US: US Postal Service and Dunkin' Donuts join MasterCard easy savings
program
- TSYS
- Brazil: TSYS signs a multi-year contract with Banco Carrefour
- Japan: TSYS to process Visa-branded prepaid cards
- Visa
- Korea: Visa introduces new offers for cardholders visiting Korea
- Taiwan: Visa partners with the Taiwan Tourism Bureau to launch a
promotional program
- US: Total spending on Visa debit card exceeds credit card volume
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
- FIGURES
- Figure: In May competitor developments saw a marginal decrease on the
previous month with 53 developments overall and this remains slightly lower
than the 12-month average of 58
- Figure: M&A, partnership and organic growth developments dropped slightly
in May but remained at a higher level then observed during first quarter of
2009
- Figure: While Asia Pacific and North America accounted for the most
stories in May, Western Europe experienced the highest growth
- Figure: Schemes/associations featured strongly in May with 24 developments
in total, well ahead of the 12-month average of 17
- Figure: Loyalty/rewards and commercial sectors were the key areas for
developments in product/services and innovation in May
- Figure: Partnerships accounted for the majority of developments while M&A
developments saw an increase in May on the previous month
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