Currency Alliance

JUNE 11, 2019

A 2018 Collinson study reported that 66% of financial services professionals say their bank “does not understand why customers are loyal or have a strategy to strengthen customer relationships”[i]. People are more likely to leave their spouse than their bank[ii], so it might seem that banks have no case to answer. Extra what?

Banking 40

Banking Loyalty Consumers Loyalty Programs 40

Currency Alliance

APRIL 15, 2024

Of course, the mid-to-long-tail of customers include people who simply don’t need to spend a lot in your category. A high-frequency business, on the other hand, such as grocery stores, banks, and payment card issuers etc, do have sufficient customer frequency, with many customers returning every week.

Loyalty Programs 52

Loyalty Programs Loyalty Airlines Banking 52

Service Untitled

MAY 6, 2014

If 60% of customers tell their friends of a bad experience, 31% share their experiences on Facebook and other social media, and 20% write reviews, we definitely need a positive service recovery when our most sophisticated technology fails to remedy a customer’s displeasure. Take for instance the complicated world of credit cards.

Consumers 77

Consumers Rewards Programs Social Media Banking 77

Magellan Solutions

JULY 12, 2021

Rewards program. With of course, associated rewards after completion. . At Magellan Solutions, we combine technology such as ACD, CRM, and IVR with agent skills. We believe that progress shouldn’t break your bank, so our services remain flexible and competitive.

Call Center 52

Call Center Industry Contact Center Study 52

Currency Alliance

OCTOBER 12, 2021

Several airlines and hotel groups did win my preference because of their loyalty program. The Norwegian Rewards program, for example is so transparent that I can redeem my value whenever I want by applying the accumulated points to my next purchase. People often stay loyal to their banks for life. Vueling is similar.

Loyalty 59

Loyalty Loyalty Programs Airlines Travel 59

Currency Alliance

JANUARY 22, 2020

And yet, many loyalty programs are run like barnacles on the side of a business: battling for budget, rather than being nurtured as the core way to engage customers via every channel and touchpoint. Rewards programs have not, historically, earned consistent loyalty across all customer segments.

Loyalty 40

Loyalty Brands Loyalty Programs Rewards Programs 40

NobelBiz

JULY 31, 2023

A financial query at a bank differs vastly from a technical issue at a software company. Best Practices for Call Queuing Implementation Beneath the technological sophistication of call queuing lies a pursuit of excellence. Skill-Matched Routing In diverse businesses, not all customer queries are alike.

Communication 52

Communication Call Center Wait Times Contact Center Software 52