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Comparison of Comparison of Payment CardsPayment Cards
Laura Baruch
Shannon Johnson
Jindra Předotová
AgendaAgenda HistoryHistory Profiles of USBank Corp. and HVB BankProfiles of USBank Corp. and HVB Bank Debit CardsDebit Cards Credit CardsCredit Cards Lost Card ProcedureLost Card Procedure Payment Card UsagePayment Card Usage Incentive ProgramsIncentive Programs
United States Banking HistoryUnited States Banking History First Bank of the United States
Chartered by Congress February 25, 1791
Alexander Hamilton
Handled financial needs and requirements
Established an excise tax
Established financial order for the newly formed United States.
Established credit—both in country and overseas
United States Banking HistoryUnited States Banking History Second Bank of the U.S.
1816, chartered 5 years after expiration of First Bank
U.S. President James Madison
Goal: Stabalize currency
Philedelphia, Pennsylvania
Political Corruption and fraud
United States Banking History
Free Banking Era 1837-1862
National Banks 1863-1913
1913 Creation of the Federal Reserve System
Czech Republic Banking HistoryCzech Republic Banking History Under communism
centrally planed, under a control of state
Privatization Banks were sold to private companies
Present banking runs on the market principals currently 36 banks supervision is provided by the Czech National Bank
Profile of the USBank Corp.Profile of the USBank Corp. Assets in excess of $221 billion
6th largest commercial bank in the U.S.
Operates 2,498 banking offices
4,837 ATMs
Service products: banking, brokerage, insurance, investment, mortgage, trust and payment
Customers: personal consumers, businesses and institutions
Free internet Banking, live telephone bankers 24 hours a day
Profile of the HVB BankProfile of the HVB Bank Entered into the Czech market on October 1, 2001
Focus: corporate and private clients
4th in the Czech market
Market share of 6%
In 2005, HVB became a member of the Unicredit group Unicredit group has more than 28 million clients
Assists its customers in financing their projects using EU Structural Funds
Specializes in enterpreneurs and small business
Unicredit Worldwide OperationsCountries where the Group operates via its own branches
Countries where the Group operates via local banks controlled
Mumbai
New York
Rio de Janeiro
São Paulo
Seoul
Singapore
Shanghai
Sydney
Teheran
Tel Aviv
Tokyo
Abu Dhabi
Bahrain
Beijing
Boston
Buenos Aires
Cairo
Guangzhou
Hanoi
Hong Kong
Johannesburg
Mexico City
Miami
Debit CardsDebit Cards USBank Corp.
Debit card can only be opened with a Checking Account Account requirements for “Free Checking with Interest”
Minimum Opening Deposit - $100.00 Minimum daily Balance – None Monthly Maintenance Fee – None
Free ATM Transactions at U.S. Bank ATMs $3.00 transaction fee at other non-U.S. Bank ATMs
Additional Fees Insufficient fund fee – Variable
For each withdrawal transaction that exceeds your available balance on a given day. (e.g. in-person, ATM, automatic payment, or other paper or electronic withdrawal transaction)
Overdraft fee - $30.00 For every transaction that causes the available balance to become negative
Availability of ATMs: 4943 U.S. Bank ATMs 1,000,000 Visa ATMs*
*U.S. Bank only partners with VISA credit card company
Debit CardsDebit Cards HVB Bank
Account requirements: bank account (0-399 Kč)
ATM fees: normally 30 Kč, product packages have no fee
1,540 cashpoints and 28,000 acceptance places
Mastercard, Visa and Diners club Standard cards, business cards,
Gold cards and Diners club Automaticaly blocked for paying
on the internet
Debit cards 87%
Credit cards
8%
Charge cards
5%
Charge Cards 5% Credit Cards 8%
Debit Cards 87%
Credit CardsCredit Cards USBank Corp.
APR: 0% for the first 6 months, then 14.24% to 23.24% Annual Fee: $0 the first year and every year that you charge at least one purchase
to the Account. Otherwise $20 Available card companies – VISA sponsored by multiple companies from NWA to
GYMBOREE Grace Period – 20-25 days for purchases only Minimum Finance Charge - $2.00 Account management fee: $2.50 per month Fraud Protection: Zero Liability Program Conditions for getting Credit card:
Age: 18 years or older Completed Application Active Checking Account Proof of residency
Credit CardsCredit Cards HVB Bank
Interest rates: 0.5% – 1.99% Fees for bank account: 0-30 Kč Fees for withrawals: 60 Kč Up to 45 days without interest Conditions for getting Credit card:
Age: 18 years or older Monthly income greater than 9,500 Kč Proofs (ID, pass port, confirmatin of income, bills for
phone...)
Lost Card ProcedureLost Card Procedure USBank Corp.Lost Card
U.S. Bank Zero Liability Policy Check Cards: cannot use without pin number Fraudulent purchase: report, reimbursed next business day after
verification of claim
Issuance of new card 7-10 business days, 2 days rushed Expiration date: 4 years both debit card and credit card
Lost Card ProcedureLost Card Procedure HVB BankLost card
Stoplist 1500 Kč Blocation 300 Kč It is the customer’s
responsibility, same day, until midnight.
Issuing new card 10 working days Expiration dates: 1 year for
credit cards, 3 years for debit card
Use of Payment CardsUse of Payment Cards USBank Corp.
There were 278 million debit cards in U.S. hands in 2004, with 22.2 billion transactions amounting to more than $1 trillion.
56% of all American Families use credit cards as first choice of payment method.
Use of Payment CardsUse of Payment Cards HVB Bank
80% withdrawals
Increasing trend in terms of payment by card
Paying is free
7 ATM´s
Credit cards – in case of paying is noninterest period
Czech Republic Payment CardsProgress of payment cards - Czech market
0
1000000
2000000
3000000
4000000
5000000
6000000
7000000
8000000
2001 2002 2003 2004 2005
Number of debitcards
Number of creditcards
Whole number ofcards
Incentive ProgramsIncentive Programs USBank Corp.
Cash Rewards Travel Rewards Merchandise Rewards Earn Rewards for an
Affiliation Do Not Earn Rewards
Incentive ProgramsIncentive Programs HVB Bank
Insurance against the Loss of a Payment Card
Travel insurance
Credit card: For inability for paying
Questions?Questions?