Payment Card Competitor Tracker: April 2010
The Payment Card Competitor Tracker provides expert analysis and opinion on the strategic moves of leading competitors in the payment card market. Produced on a monthly basis, the Tracker is a global product and covers 60 players, including American Express, Barclaycard, Capital One, Citigroup, Discover, GE Money, First Data, HSBC, JCB, MasterCard, Standard Chartered and Visa.
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Related Reports
Payment Card Competitor Tracker: April 2009
- Payment Card Competitor Tracker: August 2010
- Payment Card Competitor Tracker: September 2010
- Payment Card Competitor Tracker: October 2010
- Payment Card Competitor Tracker: May 2010
- Payment Card Competitor Tracker: June 2010
- Payment Card Competitor Tracker: January 2010
- Payment Card Competitor Tracker: July 2010
- Payment Card Competitor Tracker: August 2009
- Payment Card Competitor Tracker: September 2009
Catalyst 1
Summary 1
Methodology 1
Table of Contents 2
Introduction 3
The Payment Card Competitor Tracker provides both one month and 12 month views of developments 3
Each month, Datamonitor tracks the most relevant announcements from 64 competitors 3
Datamonitor’s Cards and Payments Team provides analysis of the key developments at both the one month and 12 month level 4
A fully searchable database of developments from January 2007 onwards is also delivered alongside the report 4
Key Developments in April 5
Developments in Contactless, Mobile, Online, and Prepaid in April 5
Contactless and Mobile: China continues to forge ahead with the rollout of contactless and NFC 5
Online: PayPal strengthens its position in the global market with Alibaba partnership 6
Online: Visa acquires CyberSource and positions itself growth in for m-commerce 7
Prepaid: Amex’s launch of Yuan-denominated Travelers Cheques may lead to a travel card 8
Commercial: ANZ launches tool to analyze EFTPOS transactions 8
There were 56 developments in April, in line with the 12-month average 9
The 56 developments in April are in line with the 12-month average of 55 9
Products, services and innovation stories were on par with the 12-month trend, while M&A activity was below 9
Competitors in Asia and Asia Pacific accounted for the majority of competitor developments in March 10
Card Issuers continue to account for the majority of competitor activity in the industry 11
Developments in commercial and loyalty offerings were at the forefront of activity in April 12
M&A picked up in April and was level with the 12-month trend once again 14
Products, Services and Innovation 16
American Express 16
China: American Express introduces Yuan denominated Travelers Cheques 16
US: Macy’s in association with American Express launched a new co-brand card 16
ANZ Bank 16
Australia: ANZ launches tool to analyze EFTPOS transactions 16
Bank of America 16
UK: MBNA launches credit card in association with American Airlines and American Express 16
US: Bank of America completes installation of voice-enabled ATMs 17
US: Bank of America extends its Clarity Commitment to small business credit card accounts 17
Bank of Montreal 18
Canada: Bank of Montreal Spend & Payment Solutions announces strategies to control travel and entertainment 18
Canada: BMO announces its acceptance of voluntary Code of Conduct for the debit and credit card industry 18
Barclaycard 18
UK: Barclaycard offers double rewards at the launch of Barclaycard Freedom 18
China UnionPay 19
China: China UnionPay announces the launch of Shanghai Tourism Card campaign 19
China: CUP and the People’s Bank of China launch Changsha Resident card 19
China: CUP and China Unicom launch a commercial trial of NFC services in Shanghai 20
China: CUP and Bank of Communications launch contactless prepaid card for Pacific Expo 20
China: Ningbo residents to swipe CUP Standard Financial chip cards in buses 20
Citigroup 21
Bahrain: Citibank launches complimentary unlimited airport lounge access privileges 21
Czech Republic: Citi Gold and Citi CSA Gold credit card customers to receive concierge service 21
Hong Kong: Citibank introduces same-day card issuance service 21
Indonesia: Citibank and PT Asuransi CIGNA to provide health and education insurance to its cardholders 21
Korea: Shinsegae Citi Card Quattro credit cardholders to enjoy benefits and discounts 21
Mexico: Banco Nacional de México and Visa launch the Primer National Football Team debit card 22
United Arab Emirates: Citibank launches the Citi Premier Miles range of credit cards 22
Fidelity Information Services 23
Asia: Fidelity Information Services announces instant issuance card products for Asian banks 23
US: StonehamBank launches mobile banking and payment services using FIS’ Mobile Financial Services 23
First Data 23
Germany: TeleCash and Grossbecker & Nordt Bürotechnik Handels install electronic health insurance card readers 23
JPMorgan Chase 24
US: JPMorgan Chase and IBM introduce a corporate travel and expense management program 24
MasterCard 24
US: MasterCard announces the addition of retailers to the MasterCard Easy Savings Program 24
PayPal 25
China: PayPal to be used on Alibaba.com’s AliExpress platform 25
US: PayPal Mobile for iPhone is downloaded one million times 25
Standard Chartered 25
United Arab Emirates: Standard Chartered launches Sharia-compliant Saadiq platinum credit card 25
Hong Kong: Standard Chartered announces its status on JETCO ATMs 26
UniCredit Group 26
Austria: Bank Austria along with Caritas to introduce province-based bank card 26
US Bancorp 26
Australia: Elavon Financial Services to issue aviation fuel card in Australia 26
US: US Bank announces the launch of the Vistaprint Visa business credit card 26
Visa 27
Australia: Woolworths’ intends to route all debit transactions through the EFTPOS network 27
Singapore: Visa announces the launch of the Visa Prepaid card 27
Wells Fargo 27
US: Wells Fargo expands its WellsOne Commercial Card program 27
M&A, Partnerships and Organic Growth 29
ANZ Bank 29
China: ANZ receives preparatory approval for local incorporation from China Banking Regulatory Commission 29
Taiwan: ANZ completes acquisition of RBS’ Taiwan businesses 29
Barclaycard 29
UK: Barclaycard announces increase in Easter debit and credit card spending 29
China UnionPay 30
South Africa: Standard Bank of South Africa announces CUP acceptance at its ATMs 30
Citigroup 30
Singapore: Citibank Singapore announces its credit card business plan 30
Crédit Agricole 30
France: Sofinco and Finaref to merge 30
Discover 31
US: Discover announces the extension of its multi-year network agreement with Wal-Mart to 2015 31
Fidelity Information Services 31
US: Flarstar Bank renews its network participation contract with NYCE Payments Network 31
First Data 31
Bahrain: Arab Financial Services signs agreement with First Data 31
Germany: First Data Corporation and Commerzbank extend their debit processing agreement 32
MasterCard 32
US: MasterCard Worldwide launches MasterCard Labs 32
US: MasterCard Worldwide signs a three-year alliance with Next Jump 32
TSYS 33
Japan: Sumishin Net Bank selects TSYS to process its payment card portfolio 33
US: TSYS and First National Bank of Omaha finalize merchant solutions joint venture 33
US: TSYS Acquiring Solutions to provide authorization and capture services to Central Payment Co 33
US Bancorp 33
US: US Bancorp acquires banking subsidiaries of FBOP Corporation 33
Visa 33
US: Visa announces intention to purchase CyberSource, an electronic payments provider 33
Europe: Visa announces its consent to the EC’s proposal on multilateral interchange fees 34
Appendix 35
Methodology 35
Further reading 35
Ask the analyst 36
Datamonitor consulting 36
Disclaimer 36
List of Tables
Table 1: The 64 companies and subsidiaries covered by Datamonitor’s Payment Card Competitor Tracker 3
Table 2: Current relevant publications 35
List of Figures
Figure 1: There are 56 competitor developments picked up in the April Payment Card Competitor Tracker, the highest total since November 2009 9
Figure 2: New product launches and developments continue to dominate competitor activity, accounting for 34 of the March total of 50 developments 10
Figure 3: Developments in Asia and North America accounted for the majority of activity in April 11
Figure 4: Card issuers continue to account for the majority of competitor activity featured in the Tracker 12
Figure 5: Developments in commercial and loyalty offerings were at the forefront of activity in April 13
Figure 6: With just two developments, M&A hit a nine-month low in March 14
Summary 1
Methodology 1
Table of Contents 2
Introduction 3
The Payment Card Competitor Tracker provides both one month and 12 month views of developments 3
Each month, Datamonitor tracks the most relevant announcements from 64 competitors 3
Datamonitor’s Cards and Payments Team provides analysis of the key developments at both the one month and 12 month level 4
A fully searchable database of developments from January 2007 onwards is also delivered alongside the report 4
Key Developments in April 5
Developments in Contactless, Mobile, Online, and Prepaid in April 5
Contactless and Mobile: China continues to forge ahead with the rollout of contactless and NFC 5
Online: PayPal strengthens its position in the global market with Alibaba partnership 6
Online: Visa acquires CyberSource and positions itself growth in for m-commerce 7
Prepaid: Amex’s launch of Yuan-denominated Travelers Cheques may lead to a travel card 8
Commercial: ANZ launches tool to analyze EFTPOS transactions 8
There were 56 developments in April, in line with the 12-month average 9
The 56 developments in April are in line with the 12-month average of 55 9
Products, services and innovation stories were on par with the 12-month trend, while M&A activity was below 9
Competitors in Asia and Asia Pacific accounted for the majority of competitor developments in March 10
Card Issuers continue to account for the majority of competitor activity in the industry 11
Developments in commercial and loyalty offerings were at the forefront of activity in April 12
M&A picked up in April and was level with the 12-month trend once again 14
Products, Services and Innovation 16
American Express 16
China: American Express introduces Yuan denominated Travelers Cheques 16
US: Macy’s in association with American Express launched a new co-brand card 16
ANZ Bank 16
Australia: ANZ launches tool to analyze EFTPOS transactions 16
Bank of America 16
UK: MBNA launches credit card in association with American Airlines and American Express 16
US: Bank of America completes installation of voice-enabled ATMs 17
US: Bank of America extends its Clarity Commitment to small business credit card accounts 17
Bank of Montreal 18
Canada: Bank of Montreal Spend & Payment Solutions announces strategies to control travel and entertainment 18
Canada: BMO announces its acceptance of voluntary Code of Conduct for the debit and credit card industry 18
Barclaycard 18
UK: Barclaycard offers double rewards at the launch of Barclaycard Freedom 18
China UnionPay 19
China: China UnionPay announces the launch of Shanghai Tourism Card campaign 19
China: CUP and the People’s Bank of China launch Changsha Resident card 19
China: CUP and China Unicom launch a commercial trial of NFC services in Shanghai 20
China: CUP and Bank of Communications launch contactless prepaid card for Pacific Expo 20
China: Ningbo residents to swipe CUP Standard Financial chip cards in buses 20
Citigroup 21
Bahrain: Citibank launches complimentary unlimited airport lounge access privileges 21
Czech Republic: Citi Gold and Citi CSA Gold credit card customers to receive concierge service 21
Hong Kong: Citibank introduces same-day card issuance service 21
Indonesia: Citibank and PT Asuransi CIGNA to provide health and education insurance to its cardholders 21
Korea: Shinsegae Citi Card Quattro credit cardholders to enjoy benefits and discounts 21
Mexico: Banco Nacional de México and Visa launch the Primer National Football Team debit card 22
United Arab Emirates: Citibank launches the Citi Premier Miles range of credit cards 22
Fidelity Information Services 23
Asia: Fidelity Information Services announces instant issuance card products for Asian banks 23
US: StonehamBank launches mobile banking and payment services using FIS’ Mobile Financial Services 23
First Data 23
Germany: TeleCash and Grossbecker & Nordt Bürotechnik Handels install electronic health insurance card readers 23
JPMorgan Chase 24
US: JPMorgan Chase and IBM introduce a corporate travel and expense management program 24
MasterCard 24
US: MasterCard announces the addition of retailers to the MasterCard Easy Savings Program 24
PayPal 25
China: PayPal to be used on Alibaba.com’s AliExpress platform 25
US: PayPal Mobile for iPhone is downloaded one million times 25
Standard Chartered 25
United Arab Emirates: Standard Chartered launches Sharia-compliant Saadiq platinum credit card 25
Hong Kong: Standard Chartered announces its status on JETCO ATMs 26
UniCredit Group 26
Austria: Bank Austria along with Caritas to introduce province-based bank card 26
US Bancorp 26
Australia: Elavon Financial Services to issue aviation fuel card in Australia 26
US: US Bank announces the launch of the Vistaprint Visa business credit card 26
Visa 27
Australia: Woolworths’ intends to route all debit transactions through the EFTPOS network 27
Singapore: Visa announces the launch of the Visa Prepaid card 27
Wells Fargo 27
US: Wells Fargo expands its WellsOne Commercial Card program 27
M&A, Partnerships and Organic Growth 29
ANZ Bank 29
China: ANZ receives preparatory approval for local incorporation from China Banking Regulatory Commission 29
Taiwan: ANZ completes acquisition of RBS’ Taiwan businesses 29
Barclaycard 29
UK: Barclaycard announces increase in Easter debit and credit card spending 29
China UnionPay 30
South Africa: Standard Bank of South Africa announces CUP acceptance at its ATMs 30
Citigroup 30
Singapore: Citibank Singapore announces its credit card business plan 30
Crédit Agricole 30
France: Sofinco and Finaref to merge 30
Discover 31
US: Discover announces the extension of its multi-year network agreement with Wal-Mart to 2015 31
Fidelity Information Services 31
US: Flarstar Bank renews its network participation contract with NYCE Payments Network 31
First Data 31
Bahrain: Arab Financial Services signs agreement with First Data 31
Germany: First Data Corporation and Commerzbank extend their debit processing agreement 32
MasterCard 32
US: MasterCard Worldwide launches MasterCard Labs 32
US: MasterCard Worldwide signs a three-year alliance with Next Jump 32
TSYS 33
Japan: Sumishin Net Bank selects TSYS to process its payment card portfolio 33
US: TSYS and First National Bank of Omaha finalize merchant solutions joint venture 33
US: TSYS Acquiring Solutions to provide authorization and capture services to Central Payment Co 33
US Bancorp 33
US: US Bancorp acquires banking subsidiaries of FBOP Corporation 33
Visa 33
US: Visa announces intention to purchase CyberSource, an electronic payments provider 33
Europe: Visa announces its consent to the EC’s proposal on multilateral interchange fees 34
Appendix 35
Methodology 35
Further reading 35
Ask the analyst 36
Datamonitor consulting 36
Disclaimer 36
List of Tables
Table 1: The 64 companies and subsidiaries covered by Datamonitor’s Payment Card Competitor Tracker 3
Table 2: Current relevant publications 35
List of Figures
Figure 1: There are 56 competitor developments picked up in the April Payment Card Competitor Tracker, the highest total since November 2009 9
Figure 2: New product launches and developments continue to dominate competitor activity, accounting for 34 of the March total of 50 developments 10
Figure 3: Developments in Asia and North America accounted for the majority of activity in April 11
Figure 4: Card issuers continue to account for the majority of competitor activity featured in the Tracker 12
Figure 5: Developments in commercial and loyalty offerings were at the forefront of activity in April 13
Figure 6: With just two developments, M&A hit a nine-month low in March 14
