Hybrid Cards: I'll Have Two of Everything
|発行||Mercator Advisory Group, Inc.||商品コード||230718|
|出版日||ページ情報||英文 28 Pages
Boston, MA -- In new research, Hybrid Cards: I'll Have Two of Everything, Mercator examines the characteristics that comprise a dual-function card in order to create a definition and framework for considering hybrid card opportunities in the market.
Before electronic wallets and virtual accounts become ubiquitous, the payments industry will continue to rely on plastic cards as the primary form factor. Thus, issuers around the world are putting hybrid cards in their consumers' pockets for myriad purposes and new technologies are being developed that serve to further enhance plastic card functionality. In addition, the practice of leveraging subaccounts to segregate purchases into distinct repayment categories to create hybrid accounts has roots in major issuer strategies, such as American Express' Sign and Travel, as well as new products, like Chase's Blueprint.
Major U.S. issuers, including Fifth Third and CitiBank, are offering cardholders hybrid card products as a means of expanding their brand value and offering consumers convenient access to broader categories of spend.
This report reviews this dynamic market, offers examples of hybrid card executions, and examines critical aspects within the development environment.
An examination of the business drivers, market dynamics, and technical advancements that have resulted in the creation of a wide variety of hybrid cards and accounts.
An analysis of the major characteristics that make up a hybrid card and a resulting definition.
A review of the seven different types of hybrid cards including examples.
A case study of the Fifth Third DUO card based including product strategy, best practice guidelines, and near term results of the product operating in-market.
"The challenge of expanding issuer brand equity in a market that has become highly fractionalized is a primary problem financial institutions are trying to solve in the United States. Issuing a hybrid card can be a solution that bridges the gap between legacy and emerging payment forms and creates a product construct that is more valuable...," Patricia Hewitt, director of Mercator Advisory Group's Debit Advisory Service comments.
Companies mentioned in this report include: Fifth Third Bancorp, CitiBank, Wells Fargo, First Data, TSYS, Dynamics, American Express, AAA, Costco, JPMorgan Chase.
Members of Mercator Advisory Group's Debit Advisory Service have access to this report as well as the upcoming research for the year ahead, presentations, analyst access and other membership benefits.