E-Mail Works for Banks and Card Issuers

Posted: Saturday, April 12, 2008
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Author: pradhana
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Filed under: Online Services

They are getting better ROI than other industries.

If you have a mailbox, it will come as no surprise that US credit card companies and other financial services firms spent more on direct marketing in 2007 than any other industry. Banks and credit card issuers are masters of mailing targeted offers, and that mail accounts for nearly 42% of their direct marketing budgets.

E-mail is becoming part of this massive direct marketing effort as well, according to the Direct Marketing Association (DMA)'s "Direct Marketing Facts and Figures in the Financial Services Industry."

The DMA had previously released some information from the study in a press release, but a recent Marketing Charts article cited more, revealing e-mail as the number three direct marketing tactic in the industry.

Read more - eMarketer