Albany, New York (PRWEB) June 10, 2013
MarketResearchReports.Biz announces addition of new report “2020 Foresight Report: Merchant-Funded Rewards - Challenges and Opportunities for Retail Banks” to its database. Buy the copy of this Report Visit - http://www.marketresearchreports.biz/analysis-details/2020-foresight-report-merchant-funded-rewards-challenges-and-opportunities-for-retail-banks
The report provides market analysis, information and insights into merchant-funded loyalty programs. The report also includes:
Comparisons of merchant-funded loyalty program business models
In-depth analysis of trends and drivers for merchant-funded rewards programs
Detailed analysis of various players involved in the value chain of merchant-funded loyalty programs
Best practice case studies
With the emergence of payment cards and their increasing adoption by consumers and acceptance by merchants, banks and other cards issuers have been making significant efforts to make consumers use their cards over those of their competitors. In line with this, banks have been at the forefront in issuing cards with benefits and features offered through loyalty programs. These programs allow banks to distinguish their products from the basic services offered by competitors by offering attractive deals in a variety of product categories.
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However, it has become apparent that bank-funded reward and loyalty programs have lost value and impact, from both the banks’ and consumers’ points of view. Banks and card issuers have introduced similar loyalty programs in the recent past, which have become mutually almost indistinguishable. This has compelled banks to carry out other expensive promotional initiatives to set themselves apart. Banks and other card issuers have also realized the benefits of merchant-funded loyalty programs and consider these programs as replacements for traditional loyalty programs.
This report provides a comprehensive analysis of various merchant-funded loyalty program business models
It provides insight into the merchant-funded loyalty program value chain and the role of the service provider
It details merchant-funded reward program strategies adopted by key market players
It profiles major players active in the value chain of merchant-funded loyalty programs
The business model of merchant-funded products has changed as the roles of the stakeholders associated with merchant banking have altered: the risk associated with expenses has shifted to merchants and is not borne by card issuers or program managers.
In countries such as the US, Canada, Brazil, Russia and some other European countries, adoption levels of programs are high among leading banks such as Bank of America, Citibank, Chase, Royal Bank of Canada, Sberbank, Barclays, Standard Charted and HSBC.
The implementation of an effective marketing campaign is key to the success of any loyalty program.
To Buy The Copy of This Report Visit: http://www.marketresearchreports.biz/analysis/168634
Different promotion and advertising channels can be deployed to access a larger consumer base; advertisements on the company’s website, email and newsletters are highly cost-effective modes of advertising a loyalty program.
Reasons to buy
Gain insights into creating and improving a merchant-funded rewards model
Gain an understanding of industry best practice
Learn about the most effective business models
Get advice on improving merchant-funded rewards programs
Understand the value chain of merchant-funded loyalty programs
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