Payment Card Competitor Tracker: Quarter Four, 2006: Industry Report

Payment Card Competitor Tracker: Quarter Four, 2006

Product Type: Market Research Report
Published by: Datamonitor
Published: March 2007
Product Code: R313-21311

Description

Introduction

The Payment Card Competitor Tracker provides expert analysis and opinion on the strategic moves of leading competitors in the payment cards market. Produced on a quarterly basis, the Tracker is a global product and consistently covers players such as American Express, Barclaycard, Capital One, Citigroup, GE Consumer Finance, HSBC, JCB, MasterCard, Morgan Stanley, Standard Chartered and Visa.Scope

Highlights

Reasons to Purchase

Provides invaluable information on your key competitors in one place Keeps you fully informed through quarterly updates straight to your desktop Gives you the Datamonitor Cards & Payments Team's view on your competitors' strategies

Table of Contents

Overview: Catalyst; Summary; Methodology
Table of Contents
Overview: Catalyst; Summary; Methodology
Introduction: Who is the target reader?; Changes to the format of the Competitor Tracker in 2007; The Payment Card Competitor Tracker is now organised 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: Card product developments; Processor product and service developments; New technologies and product innovation; China: ICBC launches an American Express corporate card; Saudi Arabia: American Express launches Blue; Thailand: American Express and Citibank fight over Thai middle class; US: American Express and JetBlue Airways launch co-brand small business card; US: American Express to offer cashback on small business cards; US: American Express launches super-premium reward suite; Australia: ANZ and Westpac launch prepaid gift cards; Australia: ANZ launches a card personalisation program; Germany: Atos Origin offers card instalment credit processing; US: Bank of America launches co-brand credit card with Caremark; US: Bank of America to launch co-brand with Aetna; US: Bank of America launches affinity banking; US: Bank of America to issue Dallas Cowboys branded cheques; UK: MBNA sells UK savings account business to Yorkshire Building Society; UK: Barclaycard to offer Oyster and Visa contactless functionality on its cards; UK: Barclaycard has one million subscribers to online security system; Czech Republic: Citibank and Shell launch a new co-brand credit card; Egypt: Citibank offers interest free promotion in partnership with Beymen Cairo; Germany: Citibank offers free cash withdrawals to credit cardholders; Greece: Citibank launches a co-brand with Tellas; Hungary: Citibank and Shell launch a new co-brand credit card; India: Citibank and South Indian Bank launch co-brand; Mexico: Banamex and MasterCard launch PayPass; Mexico: Banamex launches a co-brand with Costco; Philippines: Citibank publishes educational material for first-time credit cardholders; Singapore: Citibank launches biometric payments for platinum cardholders; US: Citigroup, MasterCard, and Nokia trial PayPass in a mobile phone handset; US: Citibank upgrades the Home Depot Rewards MasterCard to its ThankYou network; Canada: First Data supports launch of Cineplex gift card; Canada: First Data to offer INTERAC services in 2007; Germany: First Data migrates 1.1 million cards to its processing platform; China: GE and Wal-Mart issue cards in partnership with Shenzhen Development Bank; US: GE Consumer Finance and Stein Mart announce co-brand; Spain: Santander launches premium debit product for foreign customers; Netherlands: JCB expands NFC trial; Canada: Chase launches co-brand with Marriott; US: Chase launches co-brand with Soccer United Marketing; US: Chase launches co-brand with Miami HEAT; US: Chase launches co-brand with Nashville Predators; Belgium: KBC announces repricing of its banking and card products; Europe: MasterCard announces Maestro fallback interchange rate for SEPA; Europe: MasterCard announces further PayPass trials; Germany: Sparda-Banks to convert debit portfolio to Maestro; Taiwan: MasterCard expands PayPass acceptance; US: MasterCard announces an expansion in PayPass acceptance; US: MasterCard trials PayPass in toll road environment; US: MasterCard announces first PayPass acceptance in taxis; US: MasterCard announces the launch of its prepaid card reloading service; US: Discover launches online shopping portal for cardholders; National Australia Bank; Australia: National Australia Bank announces plans to issue on China UnionPay; Europe: TSYS certified to process MasterCard prepaid cards; Austria: Visa announces the first V PAY transaction; Germany: Volksbanken und Raiffeisenbanken to co-brand with V PAY; Germany: Visa announces B+S as a V PAY acquirer; Switzerland: Visa announces new V PAY acquirer; US: Visa launches its first prepaid card with contactless functionality; US: Visa announces an expansion in prepaid infrastructure; New Zealand: Westpac launches Visa branded debit card; UK: Lloyds TSB launches debit card savings product; M&A, Partnerships and Organic Growth; Roundup of the key developments in Q4 2006; Merger and acquisition activity; New partnerships and contract renewals; Organic growth and expansion; Aeon announces plans to allow China UnionPay cardholders to use its Japnese network; American Express; Global: American Express to outsource prepaid card processing to eFunds; Australia: ANZ to buy the Quantas Frequent Flyer program; Belgium: Atos Origin completes acquisition of Banksys and BCC; Bank of America; US: Bank of America extends more than 70 affinity relationships; Norway: EnterCard and SpareBank 1 extend partnership agreement; Uganda: Barclays acquires Nile Bank; US: Capital One completes the acquisition of North Fork Bancorporation; Australia: Citibank buys Bank of Queensland's credit card portfolio; Central America: Citigroup announces the acquisition of Grupo Financiero Uno; Central America: Citigroup announces the acquisition of Grupo Cuscatlan; China: Citibank to expand its ATM infrastructure; Turkey: Citigroup acquires a 20 per cent equity interest in Akbank; Venezuela: Citibank expands network of cash accepting ATMs; Ukraine: Erste Bank acquires Bank Prestige; Asia: First Data strikes deal with Standard Chartered across Asia; Argentina: First Data completes acquisition of Argencard; Europe, Africa: First Data wins contract to support Société Générale's international expansion program; Germany: First Data extends acquiring processing contract with Concardis; Germany: First Data sells easycash; Guatemala: First Data signs payment processing agreement with Tarjetas Cuscatlan de Guatemala; Romania: First Data launches processing services for Cetelem; Trinidad & Tobago: First Data signs processing agreement with First Citizens Bank; UK: First Data renews Lloyds TSB processing contract; US: First Data renews agreement with First Federal; US: First Data renews agreement with Wells Fargo; US: First Data renews processing agreement with Advanta Bank; US: First Data renews STAR Network relationship with Oswego Community Bank; India: GE and SBI joint venture hits the 3 million card mark; Latvia: GE Money takes a majority stake in Baltic Trust Bank; Central America: HSBC completes acquisition of Grupo Banistmo; India: HSBC (India) reaches the two million credit card mark; Austria: JCB signs an agreement with Europay Austria to expand its acceptance; China: JCB forms a further issuing partnership; US: Chase Bank to place ATMs in Walgreens stores in a further two states; US: Chase finalises the acquisition of Bank of New York portfolios; KBC; Czech Republic: KBC moves closer to full ownership of CSOB; Global: Morgan Stanley to spin off Discover; Global: Discover and China Unionpay complete reciprocal acceptance agreement; Global: Morgan Stanley and Visa settle antitrust dispute; Russia: Nordea acquires a majority stake in Orgresbank; Russia: Nordea divests shareholding in International Moscow Bank; Royal Bank of Scotland; UK: RBS joins with subpostmasters to install free-to-use ATMs; China: Standard Chartered announces plans to enter China; Taiwan: Standard Chartered acquires Hsinchu; Netherlands: TSYS to process for Rabobank; US: TSYS Prepaid reaches 11 million healthcare accounts; Asia-Pacific: EMV chip cards reached 52 million in June; Croatia: Visa sees strong demand for credit cards; Russia: Visa announces growth in card issuance; Serbia and Montenegro: Visa announces growth in card issuance; Spain: Visa commercial card use rises; US: Visa reports strong growth in sales volume; Ireland: Fortis and An Post form joint banking venture; Italy: SIA and SSB announce merger plan; Singapore: DBS annouces it has issued one million cards; South Korea: Shinhan acquires a majority stake in LG Card; UK: Prudential rejects bid for Egg
Staffing, Strategy, and Financial Results: Group: Barclays announces board changes; Group: BBVA announces new management structure; Global: Citigroup name new chief operating officer; Grupo Santander; Group: Santander makes appointments to its International Advisory Board; Group: Nordea announces board changes; Group: Standard Chartered announces board changes; Europe: Visa appoints new head of European marketing; Global: Visa announces global restructuring; China: China Merchants Bank to focus on its credit card portfolio
APPENDIX: Methodology; Further reading; Ask the analyst; Datamonitor consulting; Disclaimer
Introduction: Who is the target reader?; Changes to the format of the Competitor Tracker in; The Payment Card Competitor Tracker is now organised 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 Q4; Card product developments; The majority of developments this quarter have been in co-branding; The move to SEPA has driven further changes and developments; Other interesting developments revolve around creating a point of difference in niche market segments; Processor product and service developments; The launch of products into new markets dominated developments in this quarter; New technologies and product innovation; The majority of product developments are in the area of contactless payments; Contactless payments continue to develop in the US while the momentum gathers elsewhere; American Express; China: ICBC launches an American Express corporate card; Saudi Arabia: American Express launches Blue; Thailand: American Express and Citibank fight over Thai middle class; US: American Express and JetBlue Airways launch co-brand small business card; US: American Express to offer cashback on small business cards; US: American Express launches super-premium reward suite; ANZ Bank; Australia: ANZ and Westpac launch prepaid gift cards; Australia: ANZ launches a card personalisation program; Atos Origin; Germany: Atos Origin offers card instalment credit processing; Bank of America; US: Bank of America launches co-brand credit card with Caremark; US: Bank of America to launch co-brand with Aetna; US: Bank of America launches affinity banking; US: Bank of America to issue Dallas Cowboys branded cheques; UK: MBNA sells UK savings account business to Yorkshire Building Society; Barclaycard; UK: Barclaycard to offer Oyster and Visa contactless functionality on its cards; UK: Barclaycard has one million subscribers to online security system; Citigroup; Czech Republic: Citibank and Shell launch a new co-brand credit card; Egypt: Citibank offers interest free promotion in partnership with Beymen Cairo; Germany: Citibank offers free cash withdrawals to credit cardholders; Greece: Citibank launches a co-brand with Tellas; Hungary: Citibank and Shell launch a new co-brand credit card; India: Citibank and South Indian Bank launch co-brand; Mexico: Banamex and MasterCard launch PayPass; Mexico: Banamex launches a co-brand with Costco; Philippines: Citibank publishes educational material for first-time credit cardholders; Singapore: Citibank launches biometric payments for platinum cardholders; US: Citigroup, MasterCard, and Nokia trial PayPass in a mobile phone handset; US: Citibank upgrades the Home Depot Rewards MasterCard to its ThankYou network; First Data; Canada: First Data supports launch of Cineplex gift card; Canada: First Data to offer INTERAC services in; Germany: First Data migrates 1.1 million cards to its processing platform; GE Consumer Finance; China: GE and Wal-Mart issue cards in partnership with Shenzhen Development Bank; US: GE Consumer Finance and Stein Mart announce co-brand; Grupo Santander; Spain: Santander launches premium debit product for foreign customers; JCB; Netherlands: JCB expands NFC trial; JP Morgan Chase; Canada: Chase launches co-brand with Marriott; US: Chase launches co-brand with Soccer United Marketing; US: Chase launches co-brand with Miami HEAT; US: Chase launches co-brand with Nashville Predators; KBC; Belgium: KBC announces repricing of its banking and card products; MasterCard; Europe: MasterCard announces Maestro fallback interchange rate for SEPA; Europe: MasterCard announces further PayPass trials; Germany: Sparda-Banks to convert debit portfolio to Maestro; Taiwan: MasterCard expands PayPass acceptance; US: MasterCard announces an expansion in PayPass acceptance; US: MasterCard trials PayPass in toll road environment; US: MasterCard announces first PayPass acceptance in taxis; US: MasterCard announces the launch of its prepaid card reloading service; Morgan Stanley; US: Discover launches online shopping portal for cardholders; National Australia Bank; Australia: National Australia Bank announces plans to issue on China UnionPay; TSYS; Europe: TSYS certified to process MasterCard prepaid cards; Visa; Austria: Visa announces the first V PAY transaction; Germany: Volksbanken und Raiffeisenbanken to co-brand with V PAY; Germany: Visa announces B+S as a V PAY acquirer; Switzerland: Visa announces new V PAY acquirer; US: Visa launches its first prepaid card with contactless functionality; US: Visa announces an expansion in prepaid infrastructure; Westpac; New Zealand: Westpac launches Visa branded debit card; Other competitors; UK: Lloyds TSB launches debit card savings product
M&A, Partnerships and Organic Growth: Roundup of the key developments in Q4; Merger and acquisition activity; The majority of M&A activity was concentrated on developing markets; Other important developments saw Discover spun off and further consolidation in the European processing market; New partnerships and contract renewals; Several of the new partnerships formed this quarter signal major strategic moves; The renewal of existing agreements has also been important; Organic growth and expansion; Several players have announced strong growth in issuance and usage; Growth in infrastructure has been an important theme this quarter; AEON Credit Service; Aeon announces plans to allow China UnionPay cardholders to use its Japnese network; American Express; Global: American Express to outsource prepaid card processing to eFunds; ANZ Bank; Australia: ANZ to buy the Quantas Frequent Flyer program; Atos Origin; Belgium: Atos Origin completes acquisition of Banksys and BCC; Bank of America; US: Bank of America extends more than 70 affinity relationships; Barclaycard; Norway: EnterCard and SpareBank 1 extend partnership agreement; Uganda: Barclays acquires Nile Bank; Capital One; US: Capital One completes the acquisition of North Fork Bancorporation; Citigroup; Australia: Citibank buys Bank of Queensland's credit card portfolio; Central America: Citigroup announces the acquisition of Grupo Financiero Uno; Central America: Citigroup announces the acquisition of Grupo Cuscatlan; China: Citibank to expand its ATM infrastructure; Turkey: Citigroup acquires a 20 per cent equity interest in Akbank; Venezuela: Citibank expands network of cash accepting ATMs; Erste Bank; Romania: Erste Bank completes acquisition of Banca Comerciala Romana; Ukraine: Erste Bank acquires Bank Prestige; First Data; Asia: First Data strikes deal with Standard Chartered across Asia; Argentina: First Data completes acquisition of Argencard; Europe, Africa: First Data wins contract to support Société Générale's international expansion program; Germany: First Data extends acquiring processing contract with Concardis; Germany: First Data sells easycash; Guatemala: First Data signs payment processing agreement with Tarjetas Cuscatlan de Guatemala; Romania: First Data launches processing services for Cetelem; Trinidad & Tobago: First Data signs processing agreement with First Citizens Bank; UK: First Data renews Lloyds TSB processing contract; US: First Data renews agreement with First Federal; US: First Data renews agreement with Wells Fargo; US: First Data renews processing agreement with Advanta Bank; US: First Data renews STAR Network relationship with Oswego Community Bank; GE Consumer Finance; India: GE and SBI joint venture hits the 3 million card mark; Latvia: GE Money takes a majority stake in Baltic Trust Bank; HSBC; Central America: HSBC completes acquisition of Grupo Banistmo; India: HSBC (India) reaches the two million credit card mark; JCB; Austria: JCB signs an agreement with Europay Austria to expand its acceptance; China: JCB forms a further issuing partnership; JP Morgan Chase; US: Chase Bank to place ATMs in Walgreens stores in a further two states; US: Chase finalises the acquisition of Bank of New York portfolios; KBC; Czech Republic: KBC moves closer to full ownership of CSOB; Morgan Stanley; Global: Morgan Stanley to spin off Discover; Global: Discover and China Unionpay complete reciprocal acceptance agreement; Global: Morgan Stanley and Visa settle antitrust dispute; Nordea; Russia: Nordea acquires a majority stake in Orgresbank; Russia: Nordea divests shareholding in International Moscow Bank; Royal Bank of Scotland; UK: RBS joins with subpostmasters to install free-to-use ATMs; Standard Chartered; China: Standard Chartered announces plans to enter China; Taiwan: Standard Chartered acquires Hsinchu; TSYS; Netherlands: TSYS to process for Rabobank; US: TSYS Prepaid reaches 11 million healthcare accounts; Visa; Asia-Pacific: EMV chip cards reached 52 million in June; Croatia: Visa sees strong demand for credit cards; Russia: Visa announces growth in card issuance; Serbia and Montenegro: Visa announces growth in card issuance; Spain: Visa commercial card use rises; US: Visa reports strong growth in sales volume; Other competitors; Ireland: Fortis and An Post form joint banking venture; Italy: SIA and SSB announce merger plan; Singapore: DBS annouces it has issued one million cards; South Korea: Shinhan acquires a majority stake in LG Card; UK: Prudential rejects bid for Egg
Staffing, Strategy, and Financial Results: Barclaycard; Group: Barclays announces board changes; BBVA; Group: BBVA announces new management structure; Citigroup; Global: Citigroup name new chief operating officer; Grupo Santander; Group: Santander makes appointments to its International Advisory Board; Nordea; Group: Nordea announces board changes; Standard Chartered; Group: Standard Chartered announces board changes; Visa; Europe: Visa appoints new head of European marketing; Global: Visa announces global restructuring; Other competitors; China: China Merchants Bank to focus on its credit card portfolio
APPENDIX: Methodology; Further reading; Ask the analyst; Datamonitor consulting; Disclaimer

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