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Payment Card Competitor Tracker: February 2013

Synopsis

The Payment Card Competitor Tracker provides coverage and analysis of the key strategic and new product developments in the global payment card market.

Description

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 over 150 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

  • American Express has extended its Sync service with social media site Twitter to allow users to pay for purchases using special hashtags. Although unlikely to remain anything but a niche offering, American Express's move is focused more on its traditional space of consumer targeting and reward programs.
  • Visa's move to launch a white-label mobile money service for banks and mobile operators highlights a major structural shift in the market, particularly in developing economies. Visa's global brand presence, in addition to the sheer size of the new service's scalability, spells bad news for less established mobile payment providers.
  • Visa's new deal with Samsung is a major leap forward for NFC and its future within payments. While NFC still faces a considerable number of challenges, the scale of the new payWave rollout initiative, in addition to Visa and Samsung's global brand presence, will likely give the technology the boost it needs to see a rise in consumer adoption rates.

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?

TOC

OVERVIEW*Catalyst

  • Summary
  • Methodology
  • INTRODUCTION*The Payment Card Competitor Tracker provides insight into the latest developments worldwide*Improvements made to the 2013 Payment Card Competitor Tracker series
  • Each month, Datamonitor tracks the most relevant announcements from over 150 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 onward is also delivered alongside the report
  • DEVELOPMENTS IN FEBRUARY*Key developments in February*American Express launches Twitter payments
  • Visa targets the underbanked
  • Visa-Samsung deal is NFC's silver lining
  • PRODUCTS, SERVICES, AND INNOVATION*Affirm*Global: PayPal co-founder launches mobile payments business
  • Agricultural Bank of China (ABC)*China: ABC issues its first multi-currency credit card without currency exchange fees
  • Amazon*US: Amazon launches Amazon Coins
  • American Express*US: American Express syncs with Twitter to enable hashtag purchases
  • India: American Express launches ezeClick
  • Canada: American Express launches new premium credit card for frequent flyers
  • Atos Worldline*Europe: Atos Worldline launches new generation SIPS e-payment platform
  • Germany: Atos Worldline to develop and operate biometric system for Telekom Deutschland
  • Axis Bank*India: Axis Bank launches ATM fund transfers
  • Russia: Bank of Moscow launches Pension Card
  • Blackhawk Network*Canada: Blackhawk Network and Samba Days launch discounted gift cards at Safeway
  • China UnionPay (CUP)*China: CUP launches cross-border online shopping platform
  • Commerzbank*Germany: Commerzbank adopts visual security tool for mobile payments
  • Diebold*US: Diebold partners with Mountain America Credit Union to launch ATM concierge video services pilot
  • Discover Financial*US: Discover launches Cashback checking accounts
  • US: Pulse enables Acculynk's Payzur personal payment service
  • Facebook*Global: Azimo launches remittance app for Facebook users
  • FIS*US: FIS launches P2P payments service
  • GE Money*New Zealand: Countdown partners with GE Capital to launch Visa credit card
  • Europe: GE Money Bank partners with Visa to launch contactless cards
  • Gemalto*Brazil: Gemalto, Banco Itau, and TIM launch Brazil's first pilot program for NFC payments
  • Global: Gemalto launches new mobile wallet application
  • Grupo Santander*Spain: Banco Santander partners with iZettle to offer small business clients phone-based card readers
  • HDFC Bank*India: HDFC Bank partners with Times Internet to launch co-branded credit card
  • hyperWALLET*Canada: hyperWALLET integrates prepaid card products into Apple Passbook
  • ICICI*India: ICICI Bank launches mobile banking service with Aircel
  • Ingenico*France: Ingenico launches a chip and PIN mPOS device
  • Interac*Canada: Affinity Credit Union begins issuing Interac Flash debit cards
  • Canada: BMO Bank of Montreal is set to offer Western Union money transfers via Interac e-Transfer platform
  • Isis*US: Isis trial in Salt Lake City averages five transactions per week for each user
  • US: Isis redesigns mobile wallet to work on Apple's iOS
  • US: Isis extends length of promotion to entice more users
  • JCB*Philippines: PVBCC and JCB team up to launch card sponsored by local government
  • Kaiku Finance*US: Kaiku launches Angry Birds Visa Prepaid Card
  • la Caixa*Spain: la Caixa launches mobile phone sticker to facilitate contactless payments
  • Mashreqbank*UAE: Mashreq offers 5% cashback on utility bill payment for its MasterCard Titanium credit card
  • UAE: Mashreq extends Shopping Festival promotion to all its credit and debit cards
  • MasterCard*Spain: MasterCard introduces MasterPass at the Mobile World Congress
  • Spain: MasterCard and VeriFone to integrate MasterPass
  • US: MoneyGram launches web service accessible over smartphones
  • Zimbabwe: FBC bank introduces MasterCard prepaid card to Zimbabwean chartered accountants
  • Kenya: Chase Bank and UNISCOO partner to launch MasterCard prepaid
  • Canada: MasterCard partners with H&R Block for faster tax refunds
  • Kenya: MasterCard collaborates with Equity Bank to introduce mPOS
  • Spain: MasterCard signs agreement with Orange to deploy mobile payment service
  • US: MasterCard and mFoundry team up to provide digital wallet services to banks
  • Brazil: MasterCard's PayPass launched in Brazil
  • India: MasterCard joins Beam to launch low-cost prepaid card
  • US: Foursquare teams up with MasterCard and Visa to offer discounts while consumers shop
  • MoneyGram*US: MoneyGram signs contract with BP to offer customers access to money transfer services
  • Philippines: MoneyGram expands service to SM Supermalls in the Philippines
  • US: MoneyGram's online services added to ACE Cash Express website
  • US: MoneyGram adds Dollar General into its agent network
  • Monitise*UK: Monitise partners with UK bank
  • Indonesia: Monitise launches pilot of BBM Money service
  • National Australia Bank (NAB)*Australia: NAB and UnionPay launch online payment service
  • NBP Fullerton Asset Management*Pakistan: NBP Fullerton Asset Management partners with Summit Bank to introduce co-branded ATM card
  • NatWest*UK: RBS and NatWest to roll out 2 million contactless Visa cards
  • PayPal*UK: PayPal unveils new PayPal Here chip and PIN mPOS device
  • US: Coinstar begins rollout of PayPal powered kiosks
  • Global: PayPal co-founder launches mobile payments business
  • People's Bank of China*China: China cuts bank card fees in bid to increase retailer acceptance
  • PrivatBank*Ukraine: Western Union partners with PrivatBank to launch mobile money transfer in Ukraine
  • RBS*UK: RBS and NatWest to roll out 2 million contactless Visa cards
  • Royal Bank of Canada (RBC)*Canada: Target Debit Card and Target RBC MasterCards now available online
  • Safaricom*Kenya: Safaricom raises fees for M-Pesa users
  • Sequent*Canada: Sequent Wallet Management platform selected by CIBC
  • Square*US: Blue Bottle Coffee Co. adopts Square for its POS
  • US: Square unveils new "Business in a Box" hardware package for Square Register
  • Standard Chartered*UAE: Standard Chartered launches new Titanium MasterCard credit card in the UAE
  • TSYS*UK: TSYS is now a Certified Service Bureau for the LINK Scheme
  • Ukash*Mexico: Ukash launches in Mexico with Farmapronto
  • United Bank of Africa (UBA)*Africa: UBA launches reloadable prepaid card
  • Visa*UK: RBS and NatWest to roll out 2 million contactless Visa cards
  • US: Visa expands US roadmap for EMV chip adoption to include ATM and a common debit solution
  • Australia: ACCC suing Visa over currency conversion services
  • Myanmar: Visa launches electronic payments in Myanmar
  • UK: Nationwide to offer V.me by Visa to customers in 2013
  • UK: Visa Europe and Streamline to roll out contactless payments at Boots UK stores
  • Global: Visa launches mobile managed service
  • Global: Visa introduces Visa Ready Partner Program
  • Vodafone*Italy: Vodafone and UBI Banca begin trialing m-payments in Varese
  • Western Union*Ukraine: Western Union partners with PrivatBank to enhance money transfer service in Ukraine
  • Argentina: Western Union signs money transfer and bill payment agreement with Carrefour Argentina
  • Global: Western Union expands Indian rupee payments for colleges and universities
  • Canada: BMO Bank of Montreal is set to offer Western Union money transfers visa Interac e-Transfer platform
  • Global: Western Union certifies Ericsson's Wallet Platform for mobile money transfers
  • Wirecard*Germany: Wirecard's card reader added to myTaxi Payment
  • Global: Wirecard and Vodafone partner for mobile payments service
  • Global: Wirecard to launch new mobile card reader for the tourism industry
  • WorldPay*UK: WorldPay to launch mirco merchant payments service
  • Wrapp*US: Wrapp selects Braintree to power payments
  • M&A, PARTNERSHIPS, AND ORGANIC GROWTH*Absa*South Africa: Absa's CashSend processes ZAR1bn in transaction values
  • Capital One*US: Capital One to sell Best Buy card portfolio
  • Cardtronics*UK: Cardtronics to take over Dundee's i-design
  • China UnionPay (CUP)*Kenya: Kenswitch signs CUP deal
  • Myanmar: CUP card launched in Myanmar
  • China: CUP and Gemalto partner to bring NFC ecosystem to China
  • Citigroup*US: Citi announces US credit card agreement with Best Buy
  • Computop*Global: Intershop and Computop announce partnership
  • Contis Group*UK: Universal Credit drives credit union adoption of Contis Group's credEcardplus
  • Danske Bank*Finland: Kesko and Danske Bank to expand co-operation
  • Diebold*Turkey: Diebold deploys advanced-function ATMs to Bank Asya in Turkey
  • Diners Club*Europe: SIX Payment Services and Diners Club Italy sign long-term merchant acquisition agreement
  • Elavon*Canada: Elavon acquires Canadian merchant processor Collective Point of Sale Solutions
  • Erste Bank*Austria: Erste Bank announces Western Union partnership
  • First Data*US: Police and Fire Federal Credit Union renew First Data relationship
  • Germany: VTB Bank (Deutschland) signs issuing processing agreement with First Data
  • US: Foursquare extends Specials for Credit Cards program utilizing First Data's OfferWise
  • US: TIO Networks expands services with First Data's Money Network prepaid services
  • GE Money*US: GE Capital Retail Bank extends credit card program with J.C. Penney
  • Gemalto*China: CUP and Gemalto partnership to bring NFC ecosystem to China
  • China: Gemalto's UpTeq NFC SIM to secure the Unicom Merchants' Bank mobile wallet
  • Google Wallet*France: Google Wallet certifies Oberthur's NFC embedded element
  • Ingenico*Italy: Costa Crociere renews payment service with Ingenico
  • Spain: Ingenico purchases Ogone for €360m
  • JP Morgan Chase*US: JP Morgan partners with Visa to gain further business
  • MasterCard*US: MasterCard signs agreement with Aetna
  • Kenya: eServGlobal and Oltio MasterCard to launch initiative to help the global unbanked
  • Spain: MasterCard partners with VimpelCom to offer Mobile Money globally
  • PayPal*US: GVR partners with PayPal to simplify payment transactions at fuel stations
  • US: PayPal teams up with Lenovo, Nok Nok Labs, Validity, and others for security beyond passwords
  • Safaricom*Kenya: Safaricom partners with KCB Group to offer M-Pesa agents a loan facility
  • SIX Payment Services*Europe: SIX Payment Services and Diners Club Italy sign long-term merchant acquisition agreement
  • TSYS*US: TSYS to acquire NetSpend
  • US: TSYS signs full-service processing agreement with MLS Direct Network
  • Virtual Piggy*Global: Virtual Piggy and WorldPay integrate
  • Visa*Global: Visa signs agreement with ROAM to increase availability of mobile acceptance technologies worldwide
  • Global: Visa signs global alliance agreement with Samsung to accelerate mobile NFC payments
  • US: Visa and JPMorgan Chase sign letter of intent for new and expanded partnership agreement
  • Vodafone*UK: Vodafone joins Weve's mobile commerce platform
  • Western Union*Canada: Western Union signs three-year agreement with Walmart Canada
  • Weve*UK: Vodafone joins Weve's mobile commerce platform
  • WorldPay*UK: Virtual Piggy and WorldPay integrate
  • APPENDIX*Methodology
  • Abbreviations and acronyms
  • Further reading
  • Ask the analyst
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