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The state of consumer spending: Implications for financial institutions

Hero Digital

Consumer behavior and spending habits have changed significantly since the start of the pandemic — because of circumstance, necessity, or by choice. As states lift stay-at-home orders and businesses begin to re-open, the big question is: will consumer spending follow? Download the full study.

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5 Top Customer Service Articles For the Week of February 1, 2021

ShepHyken

Improve Your Customer Outcomes With 5 Customer Service Best Practices from Leading Consumer Shipping Brand FedEx by Veronica Krieg. Deep Dive: How Rewards Programs Can Fuel Customer Spending by PYMNTS. You’ll have to download it, and it won’t cost you a thing. Here are my top five picks from last week.

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Consumer banking: money can’t buy loyalty

Currency Alliance

Many consumers now ‘multibank’[iii], keeping their traditional provider on-hand for the same reasons they always did, but branching out in search of enhanced value. In 2000, UK consumer bank Halifax launched a fairly successful marketing slogan: the people that give you extra [iv]. Actually, they do. Extra what?

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QSR: How Restaurant Brands Can Compete With Third-Party Delivery

Strativity

With rising interest rates, inflation, and softening consumer spending, restaurateurs are facing challenges like those experienced during peak pandemic levels, but food delivery apps are no longer the boon they once were. Achieving success with your digital transformation requires staying in touch with your consumer.

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Why Engagement Strategies & Investment Are Important for Customer Retention

ProProfs Chat

Loyalty reward programs can help you to form lasting relationships with consumers who will become devoted to your brand. Personal engagement: Sephora’s Beauty Insider program grants access to free makeup classes and an online community. After all, customer retention doesn’t improve overnight.

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10 Cool Chatbot Examples to Inspire Your Project

Inbenta

TravelClub is the leader reward program in Spain with over 6 million subscribers. Also, if you’d like to read more on automation for eCommerce, we have an amazing guide you can download here. It has a well-thought tone-of-voice, that creates a sense of belonging with the consumer, i.e. “Sorry, gorgeous”. TravelClub.

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Service Untitled» Blog Archive » Mixing rewards and incentives eat.

Service Untitled

Granted, there is a rewards program, but my usual discount is $1.50, and I have to use it within a few weeks otherwise the offer expires. Incentives for new customers are commonly very aggressively marketed; more than “rewards&# or “discounts&# for current customers. I want to be recognized as special too.

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