Loyalty Leaders Tell All: Using Data to Create Relevance
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Transcript of Loyalty Leaders Tell All: Using Data to Create Relevance
Loyalty Leaders Tell All:
Using Data to Create Relevance and Change Customer Behavior
Loyalty Leaders Panel
Bob DalySVP, Retail Payment
SolutionsJenn McMillenVP, Loyalty & CRM
David CantyDirector, Loyalty Marketing
and Partnerships
Compromised
One third of the US consumer population has been notified that their personal information has been stolen or compromised.
Approaching half of this group say they have been negatively affected by a compromise or breach of their personal information
Challenge Facing Marketers
40%Advance informationon new products
Less than half of consumers expect the following basic enhancements in exchange for use of their personal information:
32%More information on products they regularly buy
39%An easier buying process
41%Communications based on their preferences
49%Tailored offers
36%Preferential treatmentIn fact, just 53% said they specifically
expect improved customer service
GameStop
Program Name: GameStop PowerUp Rewards
Launch Date: Fall 2010
Members: 13MM
Key Highlights: PowerUp Rewards is a 2-tier program with Basic ($0) and Pro ($14.99 annually) levels
60% of total transactions are associated with a PowerUp member
65% are paying members
The average PowerUp member spends 3x more than the average non-member
160+ MM games in member Game Libraries
Very high member engagement
Jenn McMillenVP, Loyalty & CRM
PowerUp member’s actual barcode
U.S. Bank
Program Name: FlexPerks
Launch Date: May 2009
Members: A lot, and growing
Key Highlights: Converted over 85% of former WorldPerks Visa accounts and retained over 90% of balances
Selected as best travel reward card by Kiplinger’s five months after launch
Chosen by COLLOQUY members as best financial services loyalty program
Leveraged data to architect value proposition and communications
Bob DalySVP, Retail Payment Solutions
JetBlue
Program Name: TrueBlue
Launch Date: 2001
Relaunched: 2009
Members: 9,500,000
Key Highlights: Revenue Based Program
No Blackouts
Any Seat, Any Time
Designed by our customers
Low entry redemption
Continuing to evolve
David CantyDirector, Loyalty Marketing
and Partnerships
Loyalty Leaders Panel
Bob DalySVP, Retail Payment
SolutionsJenn McMillenVP, Loyalty & CRM
David CantyDirector, Loyalty Marketing
and Partnerships
Thank You
www.COLLOQUY.com
www.Pearson4Loyalty.com
www.Loyalty.com