Zions Bank Retains High-Value Customers with Help of Harte-Hanks
November 16 2004 - 8:30AM
PR Newswire (US)
Zions Bank Retains High-Value Customers with Help of Harte-Hanks
-Allink(R) Daily Deposit Builder helps to increase retention of
best customers and to deliver high return-on-investment- LAS VEGAS,
Nov. 16 /PRNewswire-FirstCall/ -- Harte-Hanks, Inc. (NYSE: HHS), a
worldwide, direct and targeted marketing company and its Allink(R)
Daily Deposit Builder solution were selected by Zions First
National Bank ("Zions Bank") to increase the retention of its
high-value customers. With interest rates rising, consumers are
constantly evaluating their current investment portfolios and
becoming increasingly dissatisfied with the low-risk, low-interest
bearing accounts in which they invested a few years ago. As a
result, financial institutions such as Zions Bank need to
understand which high-value customers are most at risk and then
communicate with these customers proactively while "money is in
motion." Zions Bank, a leader in providing electronic banking
services, operates more than 130 full-service branches and 200 ATMs
[automatic teller machines] throughout Utah and Idaho. The bank
chose Harte-Hanks Allink(R) Daily Deposit Builder, a proven,
event-based marketing solution, based on the deep experience the
company has with many of the nation's leading and most respected
financial institutions. Allink Daily Deposit Builder is designed to
help banks stem customer attrition and understand the economics of
retaining best customers. By providing the regional bank with the
tools necessary to monitor customer account activity continually,
Zions Bank can foster better relationships with its most loyal
customers. "A key factor in our selection of Harte-Hanks Allink(R)
Daily Deposit Builder was the solution's unique ability to detect
anomalies or shifts/changes in deposit patterns and proactively
push leads in real-time to prevent major withdrawals," said Steve
Thomas, senior vice president, Zions Bank. "The solution will
provide both the insight we need to best assess individual customer
needs and to respond with tailored service offerings to meet those
needs. As a result, we expect to quickly realize increased loyalty
and greater balance retention." Once opportunities are identified,
Zions Bank uses Harte-Hanks nexTouch lead distribution management
tool to send alerts regarding uncharacteristic client activity to
sales representatives systematically through a Web-based interface.
Zions Bank is also able to measure and to assess program
performance, business rules and individual sales representatives'
performance with nexTouch. "Through innovative technology and an
understanding of the financial services industry, we are providing
Zions Bank with important customer information in order to quickly
and positively affect sales performance and customer service in an
industry that is facing escalating competition," said Kathy Calta,
corporate officer and senior vice president, Harte-Hanks, Inc.
"Harte-Hanks partners with many of the largest and most reputable
financial institutions in the nation to optimize customer
relationships in order to achieve measurable results and increase
competitive advantage." Since its introduction in late 2001,
Allink(R) Daily Deposit Builder has been successful in helping
banks to reduce customer attrition and to deliver returns promptly,
based on its numerous applications nationwide. More than a dozen
large regional U.S. banks currently are using Allink(R) Daily
Deposit Builder to prevent shifting customer loyalties and rising
churn rates in the increasingly competitive financial services
landscape. Harte-Hanks made the Zions Bank announcement today at
the annual BAI's Retail Delivery Conference & Expo taking place
at the Las Vegas Convention Center in Las Vegas, NV, November
16-19. Harte-Hanks is exhibiting at booth number 7156. About Zions
Bank Zions Bank operates 133 full service branches and more than
200 ATMs throughout Utah and Idaho. In addition to a wide range of
traditional banking services, Zions offers a comprehensive array of
investment, mortgage, and insurance services, and has a network of
loan origination offices for small businesses nationwide. The
company is also a leader in providing electronic banking services,
including electronic municipal bond trading. Founded in 1873, Zions
has been serving the communities of the Intermountain West for more
than 130 years. Additional information on Zions Bank is available
at http://www.zionsbank.com/. Zions Bank is a subsidiary of Zions
Bancorporation (NASDAQ:ZION). About the Allink(R) Solution Suite
and Harte-Hanks The Allink(R) Solution Suite helps companies in
diverse markets achieve measurable ROI (return on investment)
through the application of data-driven marketing strategies for a
more relevant and better-targeted approach to marketing. The Allink
Solution Suite is a blend of 30 years' experience of Harte-Hanks in
vertical marketing strategy, analytics, direct marketing best
practices, end-to-end marketing services and leading-edge
technology. Each Allink solution is built to meet the unique
requirements of marketers within specific vertical markets who want
to increase multichannel marketing know-how and effectiveness,
contain personnel resources and costs, act on customer information
in real-time, and develop tailored marketing programs that give
their companies a competitive advantage. Harte-Hanks, Inc., San
Antonio, TX, is a worldwide, direct and targeted marketing company
that provides direct marketing services and shopper advertising
opportunities to a wide range of local, regional, national and
international consumer and business-to-business marketers.
Harte-Hanks Direct Marketing improves the return on its clients'
marketing investment with a range of services organized around five
solution points: Construct and update the database -- Access the
data -- Analyze the data -- Apply the knowledge -- Execute the
programs. Visit the Harte-Hanks Web site at
http://www.harte-hanks.com/ or call (800) 456-9748. Harte-Hanks,
the Harte-Hanks logo, and Allink are registered trademarks of
Harte-Hanks, Inc. Media Contacts: Chet Dalzell, Harte-Hanks (212)
520-3232 Brenda Menard, Horn Group, Inc. (781) 356-7133 DATASOURCE:
Harte-Hanks, Inc. CONTACT: Chet Dalzell of Harte-Hanks,
+1-212-520-3232, ; or Brenda Menard of Horn Group, Inc., +1-781-
356-7133, Web site: http://www.harte-hanks.com/
http://www.zionsbank.com/
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