Overview 1
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 one-month and 12-month intervals 4
A fully searchable database of developments from January 2007 onwards is also delivered alongside the report 4
Key Developments in June 5
Developments in the contactless, mobile, online, and prepaid categories in June 5
Contactless: transit systems have been receiving increased attention in the US 5
Mobile: Citibank rolls out mobile banking services in the US, Hong Kong and Russia 6
Online: Visa's CodeSure is compelling, but may prove difficult to launch 7
Online: Visa facilitates low value online payments for Australian consumers 8
Prepaid: Barclaycard launches a corporate prepaid card program in the UK 8
There were 43 developments in June, which is below the 12-month average 9
There were fewer developments in June than the 12-month average of 52 9
Products, services and innovation and M&A and partnership stories were both slightly down in June 10
North America and Western Europe both had 14 developments in June 11
Card issuers continue to account for the majority of competitor activity in the industry but card schemes are not far behind 12
Products, services and innovation were at the forefront of activity in June 13
M&A activity continued to stagnate in June, maintaining a 12-month low of just one development 14
Products, Services and Innovation 16
ABN Amro 16
Netherlands: ABN Amro introduces new payment method 16
AEON Credit Service 16
Thailand: AEON announces promotional scheme AEON 4 Care for its credit card holders 16
American Express 16
New Zealand: American Express and Air New Zealand announce reward for frequent flyers 16
US: American Express OPEN launches SearchManager 17
Bank of America 17
UK: MBNA announces changes to payment allocation from September 2010 17
Barclaycard 17
UK: Barclaycard Commercial launches prepaid card 17
Capital One 18
US: Capital One Bank to offer the "Million Miles Sweepstakes" 18
Citigroup 18
Hong Kong: Citibank launches Citi Mobile multi-platform mobile application 18
Russia: ZAO Citibank launches Citi Mobile 18
US: Citi Cards to offer innovative mobile products 19
US: Citibank launches Citi Text Banking 19
Discover 19
US: Discover offers double cash back bonus or miles for military members and their families 19
Industrial and Commercial Bank of China 19
China: ICBC issues more than 5.5 million chip cards by end of May 19
China: ICBC to offer Baby Growth Card 20
JPMorgan Chase 20
US: Chase card services and Continental Airlines launch Continental Airlines OnePass Plus Card 20
MasterCard 20
Europe: MasterCard to offer next generation debit card 20
UK: Boots UK accepts its first contactless transaction using MasterCard PayPass 20
US: MasterCard Launches MoneySend for iPhone and iPad 21
US: MasterCard announces its online bill payment service for prepaid card holders 21
US: MTA, PATH and NJ transit partner with MasterCard PayPass 21
Maybank 22
Singapore: Maybank Singapore introduces Pocket Me GIRO 22
PayPal 22
UK: PayPal increases protection cover for its customers 22
US Bancorp 22
Switzerland: US Bancorp to issue Multi Service Aviation card to companies using private aircraft 22
Visa 22
Australia: Visa launches Payclick, a new online payment tool 23
New Zealand: Visa launches first multi-currency prepaid card 23
UK: Visa announces Visa CodeSure, an online security program 23
Wells Fargo 24
US: Wells Fargo launches ATM e-receipt option 24
M&A, Partnerships and Organic Growth 25
Barclaycard 25
UK: spending on cards increases by 9.1% 25
US: National Football League partners with Barclaycard to market credit cards bearing the NFL shield logo 25
China UnionPay 25
Canada: China UnionPay partners with Interac Association and Scotiabank to expand acceptance of CUP cards 25
Hong Kong: CUP partners with Hang Seng Bank to launch CUP Hong Kong dollar credit card 25
Citigroup 26
Canada: Canadian Imperial Bank of Commerce buys Citi's Canadian MasterCard business 26
Discover 26
US: consumers prefer debit over cash according to 2010 Debit Issuer Study conducted by Pulse 26
First Data 26
Poland: Media Markt signs agreement with First Data 26
Poland: Netto selects First Data for card payment processing 26
Grupo Santander 27
Spain: Banco Santander Ferrari issues more than 100,000 cards in month and a half 27
MasterCard 27
Europe: MasterCard announces Maestro e-commerce initiatives 27
Standard Chartered 27
UAE: Standard Chartered cash back scheme on credit card increases transactions by over 25% 27
TSYS 27
Norway: TSYS completes DnB NOR Kort conversion 27
Visa 28
Asia Pacific: volume generated on all Visa cards reaches more than $1 trillion 28
Europe: Visa announces increase of European consumer spending by 9 % in Q1 2010 28
South Africa: Visa analyzes tourism industry spending around the FIFA World Cup season 29
Yapi Kredi 29
Turkey: Yapi Kredi partners with Western Union for money transfer facilities 29
Appendix 30
Methodology 30
Further reading 30
Ask the analyst 31
Datamonitor 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
List of Figures
Figure 1: In June, 43 competitor developments were analyzed in the Payment Card Competitor Tracker, the lowest number in 2010 9
Figure 2: New product launches and developments continue to dominate competitor activity, accounting for 29 of the June total of 43 developments 10
Figure 3: Developments in North America and Western Europe accounted for the majority of activity in June 11
Figure 4: Card issuers continue to account for the majority of competitor activity featured in the tracker 12
Figure 5: Developments in innovative products and services were at the forefront of activity in June 13
Figure 6: With just one development, M&A continued to stagnate in June 14
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