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 JULY
- The possibility of the new scheme to rival Visa and MasterCard in Europe
and Visa' s investment in Monitise were the key stories of the month
- Deutsche Bank announced plans to establish a new European payment card
scheme to rival MasterCard and Visa
- Visa took a 14.4% stake in mobile banking provider Monitise, giving it a
major boost for mobile payments
- GE Money and Bank of Ayudhya reached an agreement on the sale of GE
Money' s business in Thailand
- There were 36 developments in July, the lowest number of stories this year
- There were 36 developments in the July competitor tracker, compared to
the 12-month average of 56
- Product development has continued to drive activity in July, with M&A
activity dropping slightly since June
- Developments in the commercial sector and new payment technology were
the biggest areas of interest in July
- Partnerships accounted for the bulk of activity in M&A, partnership and
organic growth
PRODUCT, SERVICES AND INNOVATION
- American Express
- Australia: ANZ to issue American-Express-branded credit cards
- US: American Express OPEN launches new online resource
- Bank of Montreal
- Canada: Bank of Montreal eliminates annual credit card fees and doubles
AIR MILES reward miles
- Barclaycard
- UK: Barclays re-launches its online banking website
- Citigroup
- India: Citi launches NFC mobile payments in India
- Korea: Citi and Galleria department store launch credit card
- UAE: Citibank and Emirates launch Skywards campaign on the
Emirates-Citibank co-branded cards
- UK: Egg launches a new credit card
- US: Citi celebrates ThankYou Network' s fifth birthday by rewarding its
customers
- Deutsche Bank
- Europe: Deutsche Bank annouced plans to establish a new European payment
card scheme
- GE Money
- US: GE Money and Giant Bicycle provide consumer finance program for
biking enthusiasts
- JPMorgan Chase
- US: JPMorgan Chase launches Total Settlement, an electronic payment
solution
- Mashreqbank
- UAE: Mashreq launches Mashreq Business Platinum debit card in
association with Visa International
- MasterCard
- UK: MasterCard launches new website in association with Lonely Planet
- US: Sports Authority to accept MasterCard PayPass contactless payments
- US: MasterCard launches the Priceless Picks iPhone application
- US Bancorp
- US: US Bancorp and TACA Airlines to offer DISTANCIA Visa signature
credit cards
- Visa
- Switzerland: Corner Bank and Aduno introduce Visa payWave
- UK: Visa offers mobile alerts to its customers
M&A, PARTNERSHIPS AND ORGANIC GROWTH
- Bank of America
- US: Bank of America and First Data to form a payment solutions company
- Citigroup
- Japan: Citi signs definitive agreement to sell NikkoCiti Trust and
Banking Corporation
- The Philippines: Jollibee signs up with Citibank for Citi Mobile Payments
- Commerzbank
- Switzerland: Commerzbank disposes of Dresdner Bank
- Discover
- US: Pulse signs long-term agreement with US Bank
- DnB NOR
- Norway: DnB NOR establishes new businesses
- First Data
- India: First Data and Yes Bank sign memorandum of understanding
- Poland: First Data signs merchant services agreement with Real
- Singapore: Merchant Solutions signs acquiring agreement with JCB
International
- Garanti Bank
- Turkey: Garanti Bank and Western Union collaborate to provide payment
transactions
- GE Money
- Thailand: GE Capital and Bank of Ayudhya reach an in-principle agreement
- JPMorgan Chase
- Europe: JPMorgan Chase extends payment capabilities
- US: JPMorgan Chase selected by Western States EBT Alliance for
distribution of benefit payments
- MasterCard
- Belgium: MasterCard Europe and MobileXpense collaborate to deliver
expense management solution
- US: MasterCard extends multi-year contract with OptumHealth
- TSYS
- US: TSYS partners Consumer Health Technologies to provide payment
solutions
- Visa
- US: Visa partners with Monitise to expand its mobile payments and
related services
- US: Visa International sells shares of VisaNet do Brasil
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 July, competitor developments saw a decrease on the previous
month, with 36 developments and the 12-month average of 56
- Figure: July saw a significant drop in the number of developments relating
to product, services and innovation
- Figure: North America accounted for the most stories in July, while
Western Europe was the second busiest region for competitor activity
- Figure: Issuers featured strongest in July with 20 developments in total;
this is below the 12-month average of 31
- Figure: Commercial sectors and mobile technology were the key areas for
developments in product, services and innovation in July
- Figure: Interestingly, partnerships accounted for the majority of
developments in July, with 11 announcements it total
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