[Report] Payment Card Competitor Market Research, Trends, Analysis TOC

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

Payment Card Competitor Tracker, Quarter Two 2007

Table of Contents