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Payment Card Competitor Tracker: Quarter Four, 2006
Company Profile, March 2007, 1356  €


Description

IntroductionThe 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.ScopeHighlightsReasons to PurchaseProvides 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

Sommaire
 
Overview 1
Catalyst 1
Summary 1
Methodology 1
Table of Contents 2
Overview 1 2
Catalyst 1 2
Summary 1 2
Methodology 1 2
Introduction 10 2
Who is the target reader? 10 2
Changes to the format of the Competitor Tracker in 2007 10 2
The Payment Card Competitor Tracker is now organised by theme 10 2
An extended, topic driven commentary replaces the Cards & Payments Team view 10 2
How to use the Payment Card Competitor Tracker 10 2
Product, Services, and Innovation 13 2
Roundup of the key developments in Q4 2006 13 2
Card product developments 13 2
Processor product and service developments 14 2
New technologies and product innovation 15 2
American Express 17 2
China: ICBC launches an American Express corporate card 17 2
Saudi Arabia: American Express launches Blue 17 2
Thailand: American Express and Citibank fight over Thai middle class 17 2
US: American Express and JetBlue Airways launch co-brand small business card 17 2
US: American Express to offer cashback on small business cards 18 2
US: American Express launches super-premium reward suite 18 2
ANZ Bank 18 2
Australia: ANZ and Westpac launch prepaid gift cards 18 2
Australia: ANZ launches a card personalisation program 19 2
Atos Origin 19 2
Germany: Atos Origin offers card instalment credit processing 19 2
Bank of America 20 3
US: Bank of America launches co-brand credit card with Caremark 20 3
US: Bank of America to launch co-brand with Aetna 20 3
US: Bank of America launches affinity banking 21 3
US: Bank of America to issue Dallas Cowboys branded cheques 21 3
UK: MBNA sells UK savings account business to Yorkshire Building Society 21 3
Barclaycard 21 3
UK: Barclaycard to offer Oyster and Visa contactless functionality on its cards 21 3
UK: Barclaycard has one million subscribers to online security system 22 3
Citigroup 22 3
Czech Republic: Citibank and Shell launch a new co-brand credit card 22 3
Egypt: Citibank offers interest free promotion in partnership with Beymen Cairo 22 3
Germany: Citibank offers free cash withdrawals to credit cardholders 23 3
Greece: Citibank launches a co-brand with Tellas 23 3
Hungary: Citibank and Shell launch a new co-brand credit card 23 3
India: Citibank and South Indian Bank launch co-brand 24 3
Mexico: Banamex and MasterCard launch PayPass 24 3
Mexico: Banamex launches a co-brand with Costco 24 3
Philippines: Citibank publishes educational material for first-time credit cardholders 24 3
Singapore: Citibank launches biometric payments for platinum cardholders 25 3
US: Citigroup, MasterCard, and Nokia trial PayPass in a mobile phone handset 25 3
US: Citibank upgrades the Home Depot Rewards MasterCard to its ThankYou network 26 3
First Data 26 3
Canada: First Data supports launch of Cineplex gift card 26 3
Canada: First Data to offer INTERAC services in 2007 26 3
Germany: First Data migrates 1.1 million cards to its processing platform 26 3
GE Consumer Finance 27 4
China: GE and Wal-Mart issue cards in partnership with Shenzhen Development Bank 27 4
US: GE Consumer Finance and Stein Mart announce co-brand 27 4
Grupo Santander 28 4
Spain: Santander launches premium debit product for foreign customers 28 4
JCB 28 4
Netherlands: JCB expands NFC trial 28 4
JP Morgan Chase 29 4
Canada: Chase launches co-brand with Marriott 29 4
US: Chase launches co-brand with Soccer United Marketing 29 4
US: Chase launches co-brand with Miami HEAT 29 4
US: Chase launches co-brand with Nashville Predators 29 4
KBC 30 4
Belgium: KBC announces repricing of its banking and card products 30 4
MasterCard 30 4
Europe: MasterCard announces Maestro fallback interchange rate for SEPA 30 4
Europe: MasterCard announces further PayPass trials 31 4
Germany: Sparda-Banks to convert debit portfolio to Maestro 31 4
Taiwan: MasterCard expands PayPass acceptance 32 4
US: MasterCard announces an expansion in PayPass acceptance 32 4
US: MasterCard trials PayPass in toll road environment 32 4
US: MasterCard announces first PayPass acceptance in taxis 32 4
US: MasterCard announces the launch of its prepaid card reloading service 33 4
Morgan Stanley 33 4
US: Discover launches online shopping portal for cardholders 33 4
National Australia Bank 33 4
Australia: National Australia Bank announces plans to issue on China UnionPay 33 4
TSYS 33 5
Europe: TSYS certified to process MasterCard prepaid cards 33 5
Visa 34 5
Austria: Visa announces the first V PAY transaction 34 5
Germany: Volksbanken und Raiffeisenbanken to co-brand with V PAY 34 5
Germany: Visa announces B+S as a V PAY acquirer 34 5
Switzerland: Visa announces new V PAY acquirer 34 5
US: Visa launches its first prepaid card with contactless functionality 35 5
US: Visa announces an expansion in prepaid infrastructure 35 5
Westpac 35 5
New Zealand: Westpac launches Visa branded debit card 35 5
Other competitors 36 5
UK: Lloyds TSB launches debit card savings product 36 5
M&A, Partnerships and Organic Growth 37 5
Roundup of the key developments in Q4 2006 37 5
Merger and acquisition activity 37 5
New partnerships and contract renewals 38 5
Organic growth and expansion 40 5
AEON Credit Service 41 5
Aeon announces plans to allow China UnionPay cardholders to use its Japnese network 41 5
American Express 41 5
Global: American Express to outsource prepaid card processing to eFunds 41 5
ANZ Bank 42 5
Australia: ANZ to buy the Quantas Frequent Flyer program 42 5
Atos Origin 43 5
Belgium: Atos Origin completes acquisition of Banksys and BCC 43 5
Bank of America 43 5
US: Bank of America extends more than 70 affinity relationships 43 5
Barclaycard 43 6
Norway: EnterCard and SpareBank 1 extend partnership agreement 43 6
Uganda: Barclays acquires Nile Bank 43 6
Capital One 44 6
US: Capital One completes the acquisition of North Fork Bancorporation 44 6
Citigroup 44 6
Australia: Citibank buys Bank of Queensland's credit card portfolio 44 6
Central America: Citigroup announces the acquisition of Grupo Financiero Uno 44 6
Central America: Citigroup announces the acquisition of Grupo Cuscatlan 45 6
China: Citibank to expand its ATM infrastructure 46 6
Turkey: Citigroup acquires a 20 per cent equity interest in Akbank 46 6
Venezuela: Citibank expands network of cash accepting ATMs 47 6
Erste Bank 47 6
Romania: Erste Bank completes acquisition of Banca Comerciala Romana 47 6
Ukraine: Erste Bank acquires Bank Prestige 47 6
First Data 48 6
Asia: First Data strikes deal with Standard Chartered across Asia 48 6
Argentina: First Data completes acquisition of Argencard 48 6
Europe, Africa: First Data wins contract to support Société Générale's international expansion program 49 6
Germany: First Data extends acquiring processing contract with Concardis 49 6
Germany: First Data sells easycash 49 6
Guatemala: First Data signs payment processing agreement with Tarjetas Cuscatlan de Guatemala 49 6
Romania: First Data launches processing services for Cetelem 50 6
Trinidad & Tobago: First Data signs processing agreement with First Citizens Bank 50 6
UK: First Data renews Lloyds TSB processing contract 50 6
US: First Data renews agreement with First Federal 50 6
US: First Data renews agreement with Wells Fargo 51 7
US: First Data renews processing agreement with Advanta Bank 51 7
US: First Data renews STAR Network relationship with Oswego Community Bank 51 7
GE Consumer Finance 51 7
India: GE and SBI joint venture hits the 3 million card mark 51 7
Latvia: GE Money takes a majority stake in Baltic Trust Bank 52 7
HSBC 52 7
Central America: HSBC completes acquisition of Grupo Banistmo 52 7
India: HSBC (India) reaches the two million credit card mark 52 7
JCB 52 7
Austria: JCB signs an agreement with Europay Austria to expand its acceptance 52 7
China: JCB forms a further issuing partnership 53 7
JP Morgan Chase 53 7
US: Chase Bank to place ATMs in Walgreens stores in a further two states 53 7
US: Chase finalises the acquisition of Bank of New York portfolios 53 7
KBC 54 7
Czech Republic: KBC moves closer to full ownership of ?SOB 54 7
Morgan Stanley 54 7
Global: Morgan Stanley to spin off Discover 54 7
Global: Discover and China Unionpay complete reciprocal acceptance agreement 54 7
Global: Morgan Stanley and Visa settle antitrust dispute 55 7
Nordea 55 7
Russia: Nordea acquires a majority stake in Orgresbank 55 7
Russia: Nordea divests shareholding in International Moscow Bank 55 7
Royal Bank of Scotland 56 7
UK: RBS joins with subpostmasters to install free-to-use ATMs 56 7
Standard Chartered 56 8
China: Standard Chartered announces plans to enter China 56 8
Taiwan: Standard Chartered acquires Hsinchu 57 8
TSYS 57 8
Netherlands: TSYS to process for Rabobank 57 8
US: TSYS Prepaid reaches 11 million healthcare accounts 57 8
Visa 58 8
Asia-Pacific: EMV chip cards reached 52 million in June 58 8
Croatia: Visa sees strong demand for credit cards 58 8
Russia: Visa announces growth in card issuance 58 8
Serbia and Montenegro: Visa announces growth in card issuance 58 8
Spain: Visa commercial card use rises 59 8
US: Visa reports strong growth in sales volume 59 8
Other competitors 59 8
Ireland: Fortis and An Post form joint banking venture 59 8
Italy: SIA and SSB announce merger plan 59 8
Singapore: DBS annouces it has issued one million cards 60 8
South Korea: Shinhan acquires a majority stake in LG Card 60 8
UK: Prudential rejects bid for Egg 60 8
Staffing, Strategy, and Financial Results 62 8
Barclaycard 62 8
Group: Barclays announces board changes 62 8
BBVA 62 8
Group: BBVA announces new management structure 62 8
Citigroup 63 8
Global: Citigroup name new chief operating officer 63 8
Grupo Santander 63 9
Group: Santander makes appointments to its International Advisory Board 63 9
Nordea 63 9
Group: Nordea announces board changes 63 9
Standard Chartered 63 9
Group: Standard Chartered announces board changes 63 9
Visa 63 9
Europe: Visa appoints new head of European marketing 63 9
Global: Visa announces global restructuring 64 9
Other competitors 64 9
China: China Merchants Bank to focus on its credit card portfolio 64 9
APPENDIX 65 9
Methodology 65 9
Further reading 65 9
Ask the analyst 65 9
Datamonitor consulting 65 9
Disclaimer 65 9
Introduction 10
Who is the target reader? 10
Changes to the format of the Competitor Tracker in 2007 10
The Payment Card Competitor Tracker is now organised by theme 10
An extended, topic driven commentary replaces the Cards & Payments Team view 10
How to use the Payment Card Competitor Tracker 10
Product, Services, and Innovation 13
Roundup of the key developments in Q4 2006 13
Card product developments 13
The majority of developments this quarter have been in co-branding 13
The move to SEPA has driven further changes and developments 13
Other interesting developments revolve around creating a point of difference in niche market segments 14
Processor product and service developments 14
The launch of products into new markets dominated developments in this quarter 14
New technologies and product innovation 15
The majority of product developments are in the area of contactless payments 15
Contactless payments continue to develop in the US while the momentum gathers elsewhere 16
American Express 17
China: ICBC launches an American Express corporate card 17
Saudi Arabia: American Express launches Blue 17
Thailand: American Express and Citibank fight over Thai middle class 17
US: American Express and JetBlue Airways launch co-brand small business card 17
US: American Express to offer cashback on small business cards 18
US: American Express launches super-premium reward suite 18
ANZ Bank 18
Australia: ANZ and Westpac launch prepaid gift cards 18
Australia: ANZ launches a card personalisation program 19
Atos Origin 19
Germany: Atos Origin offers card instalment credit processing 19
Bank of America 20
US: Bank of America launches co-brand credit card with Caremark 20
US: Bank of America to launch co-brand with Aetna 20
US: Bank of America launches affinity banking 21
US: Bank of America to issue Dallas Cowboys branded cheques 21
UK: MBNA sells UK savings account business to Yorkshire Building Society 21
Barclaycard 21
UK: Barclaycard to offer Oyster and Visa contactless functionality on its cards 21
UK: Barclaycard has one million subscribers to online security system 22
Citigroup 22
Czech Republic: Citibank and Shell launch a new co-brand credit card 22
Egypt: Citibank offers interest free promotion in partnership with Beymen Cairo 22
Germany: Citibank offers free cash withdrawals to credit cardholders 23
Greece: Citibank launches a co-brand with Tellas 23
Hungary: Citibank and Shell launch a new co-brand credit card 23
India: Citibank and South Indian Bank launch co-brand 24
Mexico: Banamex and MasterCard launch PayPass 24
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