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[Report]
Payment Cards in Ireland 2007
Published: 2008/02
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Table of Contents
- Overview
- Executive Summary
- Introduction
- Market context
- Competitor and product overview
- Forecasting the payment card market in Ireland
- Table of Contents
- Table of figures
- Table of tables
- INtroduction
- What is this report about?
- Scope of the report
- Structure of report
- Market Context
- Introduction
- Country overview
- Demographics
- Economy
- GDP
- Sectoral composition of the economy
- Inflation
- Distribution of income (GINI Coefficient)
- Unemployment
- Market size
- Penetration of cards
- Cards in issue
- Number of transactions
- Value of card transactions
- Average transaction values
- Balances outstanding
- Card acceptance
- ATM statistics
- POS statistics
- Market structure
- Commercial banks
- Building societies
- Regulatory environment
- Industry regulators
- Central Bank and Financial Services Authority of Ireland (CBFSAI)
- Industry associations
- Irish Bankers' Federation (IBF)
- Irish Payment Services Organization (IPSO)
- Other noteworthy organizations
- Irish Bank Officials Association (IBOA)
- Credit bureaus
- Irish Credit Bureau (ICB)
- Experian
- Regulatory issues in the market
- European Consumer Credit Directive (CCD)
- Despite being well intentioned, there are key problems with the
directive
- Stamp duty on payment cards
- Consumer Protection Code
- Unsolicited contact will be restricted
- Key issues
- SEPA
- After missing the original deadline banks have agreed a new SEPA
start date
- Laser domestic cards are compliant with SEPA Cards Framework in time
for migration in 2008
- Irish issuers are starting to roll out SEPA-compliant debit cards
- Fraud and EMV
- Competitor and Product Overview
- Introduction
- Card scheme market shares
- Pay now cards
- Cards in issue
- Value of transactions
- Credit cards
- Cards in issue
- Value of transactions
- Charge cards
- Cards in issue
- Value of transactions
- Card issuer market shares
- Debit cards
- Credit cards
- Cards in issue
- Balances outstanding
- Charge and deferred debit cards
- Competitor developments
- Consolidation of the Irish market
- Some domestic banks have looked outside Ireland for expansion
- New entrants
- Danske Bank buys National Irish Bank from National Australia Bank
- Fortis and An Post enter into joint-venture to provide retail
banking services
- Product analysis
- Credit card design
- Credit card features and fees vary according to the card issuer
- Loyalty programs
- Points-based loyalty programs
- Cashback loyalty programs
- Cards linked to airline reward program
- Product innovation
- Several issuers introduced cards with alternative designs and feel
- Bank of Ireland offers 2-in-1 credit card
- AIB offers a ' be' MasterCard/Visa card, which rewards customers who
use their card
- Prepaid cards are starting to make their mark
- Forecasting the Payment Card Market in Ireland
- Introduction
- Forecasting the pay now card market
- Forecasting the credit card market
- Forecasting the charge card market
- Conclusions
- The Irish market is growing strongly and is becoming more competitive
- The Irish market is dynamic and has scope for future growth
- Irish issuers are committed to SEPA migration
- Stamp duty levied on payment cards is set to be cut
- The Irish market is becoming more competitive
- APPENDIX
- Supplementary data
- Market context
- Forecasting the payment card market in Ireland
- Definitions
- AAGR
- Affinity card
- CAGR
- Co-branded card
- Credit card
- Deferred debit and charge card
- EMV
- EPC
- ePurse
- Merchant Service Charge
- Pay now cards
- PoS terminal
- Private label cards
- Methodology
- Cards and Payments Database
- Further reading
- Ask the analyst
- Datamonitor consulting
- Disclaimer
- List of Tables
- Table 1: GDP per capita for selected European countries, 2006
- Table 2: GINI Coefficient for selected European countries
- Table 3: Interest rates, annual fees and interest free period on
selected credit cards, 2008
- Table 4: Fees and limits for the 3V Visa prepaid vouchers, 2008
- Table 5: Datamonitor' s forecast for the pay now card market, 2007-11f
- Table 6: Datamonitor' s forecast for the credit card market, 2006-11f
- Table 7: Datamonitor' s forecast for the charge card market, 2006-11f
- Table 8: Population numbers and demographic splits in Ireland and
other major European countries, 2006
- Table 9: Population over 20 in Ireland and other major European
countries, 2006
- Table 10: GDP at current rates across European countries, 2006
- Table 11: Real GDP growth rates based on constant rates to 2000,
2002-06
- Table 12: Inflation in selected European countries, 2002-06
- Table 13: The total number of ATM terminals and the number of people
per ATM, 2002-06
- Table 14: The total number of POS terminals and the number of people
per terminal, 2002-06
- Table 15: Penetration level of cards in selected European countries,
2006
- Table 16: Credit card balances outstanding, 2002-06
- Table 17: Pay now card forecasts indexed to 2006
- Table 18: Credit card forecasts indexed to 2006
- Table 19: Charge card forecasts indexed to 2006
- Table 20: Current relevant Datamonitor publications, 2007
- Table 21: Future relevant Datamonitor publications, 2008
- List of Figures
- Figure 1: Overview of Ireland, 2006
- Figure 2: Ireland has one of the smallest populations in Europe, 2006
- Figure 3: Ireland has one of the lowest proportions of population over
the age of 20 in Europe, 2006
- Figure 4: Ireland has the smallest economy among the sample of
European countries shown, 2006
- Figure 5: Services and agricultural sectors are the major contributors
to Ireland' s GDP, 2002
- Figure 6: Inflation in Ireland has been rising in since 2004, 2002-06
- Figure 7: The penetration of cards in Ireland is lower then in the
majority of countries in Western Europe, 2006
- Figure 8: In terms of card numbers, pay later cards are becoming
increasingly dominant, 2002-06
- Figure 9: Pay now cards dominate in terms of transaction numbers,
2002-06
- Figure 10: Pay now cards are used much more frequently than pay later
products, 2002-06
- Figure 11: The value of credit card transactions is growing ever more
quickly, 2002-06
- Figure 12: Average transaction values are highest on credit cards,
2002-06
- Figure 13: Credit card balances outstanding grew by CAGR 15.9% over
2002-06
- Figure 14: The ATM network in Ireland has grown significantly over the
last five years, 2002-06
- Figure 15: POS terminal network in Ireland has improved in 2006,
2002-06
- Figure 16: Regulatory overview of Ireland, 2006
- Figure 17: The proportion of Laser cards that are dual-badged with
Maestro is 23.9%, 2002-06
- Figure 18: Maestro-branded pay now cards account for 41% of pay now
transaction values, 2002-06
- Figure 19: Visa is dominant scheme in terms of credit card numbers,
2002-06
- Figure 20: Visa is the leader in terms of value of transactions,
2002-06
- Figure 21: Visa dominates the charge card market in Ireland, 2002-06
- Figure 22: Visa also dominates charge card spend, 2002-06
- Figure 23: Allied Irish Bank dominates the pay now market, 2006
- Figure 24: Allied Irish Bank dominates the credit card market in terms
of cards in issue, 2006
- Figure 25: Allied Irish Bank is also the leading credit card issuer in
terms of balances outstanding, 2006
- Figure 26: Allied Irish Bank is also the leading charge card issuer in
terms of balances outstanding, 2006
- Figure 27: Mergers and acquisitions in the Irish banking market,
2000-07
- Figure 28: Examples of credit cards linked to reward programs in the
Irish market, 2006
- Figure 29: Increased card usage and spend will drive the pay now
market, 2006-11f
- Figure 30: Increased card usage will drive the credit card market,
2006-11f
- Figure 31: The charge card market is expected to decline over the
coming years, 2006-11f
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[Report]
Payment Cards in Ireland 2007
Published: 2008/02
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Published by : Datamonitor  |
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Price:
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Product Code : DC62846 |
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