Competitor Market Shares and Developments in The UK Plastic Card Market.DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c70232) has announced the addition of "Competitor Market Shares and Developments in the UK Plastic Card Market" to their offering. Introduction This brief is the Competitor Focus section of the "UK Plastic Cards 2007" report. In it, We present card scheme market shares for charge, credit and debit cards debit card, card that allows the cost of goods or services that are purchased to be deducted directly from the purchaser's checking account. They can also be used at automated teller machines for withdrawing cash from the user's checking account. . It also analyzes the market shares of issuers in the UK credit card market. The final segment of the chapter discusses key competitor developments that have taken place over the last 12 months. Scope This product presents the number of consumer payment cards in the UK from 2002 to 2006, broken down by card type, and scheme. Card issuer market shares are presented for the UK credit card market, by cards in issue and balances outstanding. The brief includes an analysis and breakdown of the private label card market by issuer. The brief includes a summary and analysis of the recent activity in the UK payment card market, including M&A activity and product launches. Highlights Visa continues to be the dominant scheme in the pay now market, whilst MasterCard is gaining ground on Visa in the credit card market. American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. has regained its position as the leading charge card scheme. 2006 saw a continuation of the trend of monoline and smaller issuers taking business away from the larger and more established retail banks. The year was relatively quiet in terms of takeover activity and consolidation in the market, but saw the introduction of contact less payments as well as the growth in the prepaid sector. There is also a growing interest in "green products" in the UK market. Reasons to Purchase Discover which issuers have seen the biggest growth through 2006. Understand the competitive dynamics between the major payment card schemes in the UK Learn about product development and launches in the UK market. Report Overview Overview Catalyst Summary Methodology Table of figures Table of tables Competitor Market Shares and Developments in the UK Plastic Card Market 5 Introduction Card scheme market shares Visa remains the largest debit brand in the UK Solo is losing market share while Visa Electron Visa Electron is a debit or credit card available across most of the world, with the exception of the United States, Canada and Australia. The card was introduced by VISA in the 1980s and is a sister card to the Visa Debit card. has maintained market share Visa is also the leading debit scheme in terms of cards in issue Visa is the leading credit card scheme, but continues to lose ground to MasterCard American Express is now the largest scheme in the charge card market Card issuer market shares RBS RBS Royal Bank of Scotland RBS Role Based Security RBS Rollback Segment RBS Rare Book School (University of Virginia) RBS Rural Business Cooperative Service RBS Ribosome Binding Site (genetics) remains the largest player in the UK credit card market by cards in issue Barclaycard remains the biggest issuing brand in the market The dominance of the big five banks is being challenged Monolines and other issuers continue to grow at the expense of the large retail banks Co-branding continues to be a successful strategy in the UK Specialist lenders have also made an impact on the market MBNA MBNA Monument Builders of North America MBNA Mercedes-Benz North America MBNA Maryland Bank, National Association MBNA Maryland Bank North America MBNA Mount Baker Nurses Association (Bellingham, Washington) has built upon its position in 2005 to become the clear leader in terms of balances outstanding GE Money continues to dominate the private label market Card issuer developments The UK market continues to be relatively quiet in terms of consolidation The costs of regulatory compliance and a downturn in market conditions have seen the pace of consolidation slow from 2002 onwards Strategic changes have also been important-many issuers have sought to grow organically through co-brand partnerships with non-financial entities Entry into other market segments is also likely to be a profitable diversion for issuers In the most significant recent acquisition in the UK, Citigroup has acquired Egg Barclays sells off its subprime card portfolio While mergers and acquisitions have been thin on the ground, there have been many notable product launches in the UK Prepaid cards have been introduced by several issuers Contactless payments have arrived in the UK Issuers are responding to the demand for green products Summary Appendix Definitions AAGR AAGR Average Annual Growth Rate AAGR Air-to-Air Gunnery Range Affinity card affinity card n. A credit card sponsored by an organization, such as a university or business, that receives part of the card user's fees. APACS APACS Association for Payment Clearing Services APACS Assessments of Policing and Community Safety (UK) APACS Advanced Personal Air Conditioning System APACS Application Access and Control System ATM-only card Average transaction value Balances outstanding Bank of England Bank of England, central bank and note-issuing institution of Great Britain. Popularly known as the Old Lady of Threadneedle Street, its main office stands on the street of that name in London. base rate CAGR CAGR See: Compound Annual Growth Rate Ceteris paribus Ceteris Paribus Latin phrase that translates approximately to "holding other things constant" and is usually rendered in English as "all other things being equal". In economics and finance, the term is used as a shorthand for indicating the effect of one economic variable on CCJs Charge card Co-branded card Counterfeit fraud Credit card CVV See CSC. Debit card EMV EMV Elektromagnetische Verträglichkeit (German: Electromagnetic Compatibility) EMV EuroPay, MasterCard, Visa (Smart debit cards) EMV Europay, Mastercard and Visa EMV Eftermiddagsverksamhet FLA FLA Florida (old style) FLA Macromedia Flash (file extension) FLA Flash Files (file extension) FLA Fair Labor Association FLA Front Line Assembly Fraudulent use of card details (card-not-present fraud), also known as fraud on phone, mail order or Internet transactions Frequency of use Identity theft Interchange Lost or stolen card fraud Mail non-receipt fraud Non-standard OFT Private label card POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale terminal Turnover per card per year Methodology Primary research Secondary research Further Reading Cards and Payments Team contact details Our Consulting Disclaimer Companies mentioned: * Solo * MasterCard * American Express * RBS Barclaycard * Monoline * MBNA * GE Money * Citigroup * Egg * Barclays * Bank of England For more information visit http://www.researchandmarkets.com/reports/c70232 Source: Datamonitor |
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