Payment Card Competitor Tracker: December 2009 - Market Research Report On Aarkstore Enterprise.

Introduction

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.

Reasons to Purchase

*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 Cards & Payments Team's view on the most important competitor developments in the month.

Table of Contents :

"Overview 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, tracks the most relevant announcements from 64 competitors 3

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 December 5

In December, the key story was China UnionPay's issuance in Korea reaching one million cards 5

China UnionPay's standard cards offered in partnership with BC Card reached one million in Korea 5

CardinalCommerce signed agreement with NYCE Payments to offer Safe Debit online payment solution 6

There were 44 developments in December, somewhat below the 12-month average 6

There were 44 developments in the December competitor tracker, compared to the 12-month average 55 6

M&A, partnership and organic growth, as well as product, services and innovation were below the 12 month trend 7

Asia Pacific was by far the busiest region for competitor activity, while North America lagged behind 8

Issuers accounted for the majority of the drop in activity in December 9

Loyalty/rewards, online, and contactless were the key areas for developments in product, services and innovation in December 10

MasterCard expands SecureCode solution to Maestro-branded cards 10

Barclaycard issued over five million contactless cards in the UK 11

Partnerships accounted for the bulk of activity in M&A, partnerships and organic growth 12

Products, Services and Innovation 14

American Express 14

US: American Express launches AcceptPay for small business owners 14

Bank of America 14

US: Bank of America's customers use its Add It Up program to spend this holiday season 14

US: Bank of America launches Credit Card Clarity Commitment initiative 15

Barclays 15

UK: Barclays expands mobile banking service 15

Barclaycard 15

UK: Barclays and Barclaycard have over five million contactless enabled cards 16

China UnionPay 16

Asia, Africa and Middle East: Standard Chartered Bank ATM machines to accept China UnionPay cards 16

China: Bank of Communications and China UnionPay launch Shanghai Expo theme debit card 16

China: China UnionPay, Agricultural Bank of China and Taipei 101 Mall launch a joint marketing campaign 17

Citigroup 17

Hong Kong: Citibank launches 'Money Can't Buy Experience' credit card campaign 17

Korea: Citibank Korea launches Citi Rewards credit card 17

Poland: Citibank launches Handlowy prepaid card 18

Pakistan: Citibank Pakistan launches Online Merchant Program 18

Russia: Citibank publishes its report on Russians' New Year shopping with credit cards 18

Turkey: Citi Turkey offers credit card with free 3G wireless modem 19

UAE: Citi Prepaid Services launches payroll services for Voltas 19

Fidelity Information Services 20

US: Government Savings Bank converts to Fidelity Information Services' Profile processing solution 20

US: CardinalCommerce signs agreement to offer Safe Debit to its clients through Cardinal Centinel 20

Garanti Bank 20

Turkey: Garanti Bank makes single use PIN mandatory for online banking transactions 20

JP Morgan Chase 20

US: JP Morgan and Disney launch Disney Rewards Visa card 20

MasterCard 21

Asia Pacific: MasterCard celebrates the fifth anniversary of PayPass with 'Tap & Give' campaign 21

Europe: European banks and e-retailers adopt MasterCard's SecureCode 21

Indonesia: Permata Bank launches Permata MasterCard platinum black credit card 22

Japan: MasterCard launches Amazon promotion during the Christmas season 22

UK: MasterCard launches UK's first automatic rebate program for small businesses 22

US: Univision introduces the Univision MasterCard gift card 23

US: BNY Mellon integrates MasterCard's payment gateway with its suite of payment solutions 23

PayPal 23

US: PayPal launches campaigns in the holiday season 23

TSYS 24

Cyprus: TSYS and Marfin Laiki Bank launch credit card for women 24

Visa 24

Asia Pacific: Visa introduces 2010 rewards and benefits program for premium cardholders 24

Australia: NAB Visa payWave contactless technology to be available from Christmas season 24

Hong Kong: Visa and 7-Eleven introduce Visa payWave contactless payment acceptance service 25

Hong Kong: Visa cardholders stand a chance to win FIFA World Cup packages 25

M&A, Partnerships and Organic Growth 26

Australia and New Zealand Bank 26

Vietnam: ANZ Bank completes acquisition of RBS in Vietnam and opens its 10th branch 26

Atos-Origin 26

Belgium, France: Atos Origin and ING Belgium extend contract for payment card services 26

BBVA 26

China: BBVA increases its stake in China Citic Bank to 15% 26

China UnionPay 27

Korea: China UnionPay cards issued cross one million mark 27

Citigroup 27

India: Citibank partners with Indian Post to provide remittance services 27

First Data 27

US: First Data signs agreement with Sovereign Bank to extend their existing merchant services agreement 27

Industrial and Commercial Bank of China 27

China: ICBC becomes the banking partner of Guangzhou 2010 Asian Games 27

KBC 28

Slovakia: KBC Bank acquires outstanding 49.54% stake in SOB Slovakia 28

PayPal 28

US: PayPal reports increase in online shopping on Cyber Monday 28

TSYS 28

US: Fifth Third Bank extends its payment services agreement with TSYS 28

US: UniRush renews TSYS' payment and processing services 28

Visa 28

Europe: Visa Europe expects to process over 27 million transactions 28

Appendix 30

Methodology 30

Further reading 30

Ask the analyst 31

consulting 31

Disclaimer 31

List of Tables

Table 1: The 64 companies and subsidiaries covered by Datamonitor's Payment Card Competitor Tracker 3

Table 2: Current relevant publications 30

Table 3: Future relevant publications 31

List of Figures

Figure 1: In December, there were 44 developments in total, somewhat below the 12-month average of 55 7

Figure 2: December witnessed a drop in the level of activity relating to both M&A and products as compared to the 12-month average 8

Figure 3: Asia Pacific accounted for most stories in December in line with the 12-month trend, but North America saw a drop in activity 9

Figure 4: Issuers accounted for the majority of the drop in activity in December 10

Figure 5: Loyalty/rewards, online, and contactless were the key areas for developments in product, services and innovation in December 11

Figure 6: Partnerships accounted for the majority of activity in December, with five announcements in total 12

For more information, please visit :

www.aarkstore.com/reports/Payment-Card-Competitor-Tracker-December-2009-37627.html

by: Aarkstore Enterprise

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