Payment Card Competitor Tracker: October 2010

Date: November 1, 2010
Pages: 32
Price:
US$ 2,795.00
Publisher: Datamonitor
Report type: Brief Review
Delivery: E-mail Delivery (PDF)
ID: P19ACBB6CDBEN
Leaflet:

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Payment Card Competitor Tracker: October 2010
Introduction

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.

Features and benefits
  • Gain invaluable information on your key competitors in one concise document, and track long-term trends using the interactive news database.
  • Sharpen your strategy by implementing the best market, product, competitor and strategic developments of leading global players.
  • Learn the Datamonitor Cards & Payments Team's view on the most important competitor developments in the month.
Highlights

There are 47 competitor developments analyzed in the October edition of the Payment Card Competitor Tracker. This is slightly higher than the level in September and over 50% greater than August but remains slightly below the annual average of 49.New product innovations and launches are still taking place at a faster rate than M&A and partnership developments with 28 products, services and innovation stories in October. However, this was lower than the average of 32 seen across the previous 12 months. In contrast, the 19 M&A and partnership developments is above the 12-month average of 17.The most interesting developments of the month included Citi Handlowy deepening its relationship with the Warsaw Transport Authority and First Data announcing that it has made PayPal acceptance part of its wider e-commerce payment offering.

Your key questions answered
  • What have been the key new product developments in the industry this month, particularly in contactless, mobile, online and prepaid?
  • Which players are leading the way with these new developments, and where are they occurring?
  • How have trends in competitor activity changed over time, and which regions are becoming more active?
  • What are the top developments in the past month and what do they mean for my business?


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 one-month and 12-month intervals
A fully searchable database of developments from January 2007 onwards is also delivered alongside the report

KEY DEVELOPMENTS IN OCTOBER

Developments in contactless, mobile, online and prepaid in October
Contactless: Citi Handlowy deepens its relationship with the Warsaw Transport Authority
Online: First Data and CardinalCommerce partnership will provide a boost to PayPal
Online, Mobile: The SinoPac Display card is a tool to fight fraud but is not the answer for mobile payments
There were 47 developments in October, below the 12-month average and the trend in H1
The level of competitor activity in October is the highest since July but still below the annual average
Products, services and innovation-related developments were in line with the annual average in October
Developments in loyalty and rewards and co-brand cards were at the forefront of activity in October
Partnerships accounted for the majority of developments in the M&A, organic growth and partnership category

PRODUCTS, SERVICES AND INNOVATION

American Express
US: American Express launches a gift card for Diwali
Bank of America
US: Bank of America Merrill Lynch partners with VHA to provide purchasing cards
Barclaycard
UK: Barclays bank managers to demonstrate mobile phone banking service in parks
Citigroup
Malaysia: Citibank re-launches the Citibank Clear Card
Nicaragua: Citi partners with MoneyGram International
The Philippines: Citi launches a prepaid service for corporate and public sector clients
Poland: Citi Handlowy launches a public transport payment card
Singapore: Citibank announces the launch of an exclusive credit card for the private banking segment
US: Citi announces the launch of Citi 2G credit cards
First Data
US: First Data partners with CardinalCommerce to launch a new payment system
US: Bank of America Merchant Services expands its product portfolio with First Data's 'TransArmor' solution
Industrial and Commercial Bank of China
China, Africa: Industrial and Commercial Bank of China launches a China-Africa cross-border cash management platform

ICICI

India: ICICI to offer instant cross-border remittance services
India: ICICI launches the ICICI American Express Prepaid Travel card
India: ICICI Merchant Services to offer Maestro payments online
MasterCard
China: MasterCard launches an electronic traveler's check
Singapore: MasterCard in association with Bank SinoPac launches the 'MasterCard SinoPac Display card'
US: Bank of the West offers MasterCard Purchase Control to commercial customers
Mashreqbank
United Arab Emirates: Mashreq offers a 0% balance transfer
United Arab Emirates: Mashreqbank launches the Mashreq Al Islami debit card
United Arab Emirates: Mashreq announces new offerings on Etisalat Mashreq credit cards
PayPal
UK: British Airways to offer a PayPal option for tickets
UnionPay
China, the Philippines: UnionPay launches a dual currency debit card
Visa
Canada: Visa launches its first debit card in the market
Europe: Visa launches its 'Visa Device Profiling' fraud management service
US: Visa launches a new website to help customers fight payment card fraud
US: Visa enhances its Authorize.net Developer Center

M&A, PARTNERSHIPS AND ORGANIC GROWTH

American Express
US: American Express and First National Bank of Omaha announce a new card issuing partnership
US: American Express partners with SAP to develop an integrated payment solution
China UnionPay
Korea: China UnionPay partners with the Korea Tourism Organization and BC Card Company
South America: UnionPay signs an agreement with Itau and Redecard
Commerzbank
Germany: Commerzbank completes sale of montrada
Discover
US: Discover signs a multi-year agreement with First National Bank of Omaha
US: Discover signs a merchant acquirer agreement with First National Bank Alaska
Fidelity Information Services
Brazil: Fidelity Information Services announces the conversion of Banco Bradesco’s bank cards
First Data
US: CardWorks extends its agreement with First Data
Fidelity Information Services
US: Chartway Federal Credit Union selects FIS's mobile banking platform

HSBC

US: HSBC announces the extension of agreements with four US merchants
MasterCard
India: MasterCard makes a strategic investment in ElectraCard Services
US: MasterCard partners with Cardtronics

TSYS

Canada, Switzerland, US: TeleCommunication Systems signs contract with Bank of Montreal and Swisscard
US: TSYS Acquiring Solutions signs contract with Cynergy Data
US: TSYS Acquiring Solutions signs a multi-year contract with Simmons First National Bank
UK: TSYS announces the extension of its agreement with Bank of Ireland
Wells Fargo
The Philippines: Wells Fargo triples payout locations

APPENDIX

Methodology
Further reading
Ask the analyst
Datamonitor consulting
Disclaimer
Payment Card Competitor Tracker: November 2009 US$ 2,795.00 Dec, 2009 · 43 pages
Payment Card Competitor Tracker: September 2010 US$ 2,795.00 Nov, 2010 · 37 pages
Payment Card Competitor Tracker: March 2010 US$ 2,795.00 May, 2010 · 37 pages
Payment Card Competitor Tracker: April 2011 US$ 2,795.00 Jun, 2011 · 38 pages
Payment Card Competitor Tracker: May 2011 US$ 2,795.00 Jun, 2011 · 38 pages

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Payment Card Competitor Tracker: October 2010
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