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    April 17, 2013

    Earth Day, Arbor Day – Any Day’s a Good Day to Save Trees!


    The “Big Green Holidays” are coming up fast – Earth Day, April 22 and Arbor Day, April 26. As usual, we want to encourage our clients and partners to get more people on board with eStatements and digital documents. They’re compliant, they save your organization money, and best of all, they help cut down on paper waste in a BIG way. You don’t need a holiday to encourage more eStatement adoption – all you need is to encourage more people to receive their statements electronically.

    See how many trees you save each year with our handy-dandy Green Checkup Calculator.

    Are you a credit union or bank that really values “green business”? We’d like to hear from you. Drop us an email at blogs@digitalmailer.com and tell us what you’re doing to promote planet-friendly initiatives at your place of business. 

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    January 16, 2013

    DigitalMailer Benchmarks: How many of your consumers should be using eStatements?


    by Ron Daly

    Recently, a number of clients have written us emails asking for the “industry standard” of eStatement penetration. While there are any number of results in your typical Google search, we wanted to offer our clients and, in turn, our blog readers a thoughtful answer. So we took the number of eStatement users each of our clients had, compiled our data into an Excel spreadsheet, ran some of the averages and came up with some numbers we think are quite interesting.

    79.9% of eStatement members/OLB users

    Yep, you’re reading that correctly – nearly 80% of online banking users have eStatements. These folks manage their money online and take advantage of eStatements. This number grew twenty percentage points in one year, leading us to believe that more and more people are making the connection between electronic documents and smart money management.

    57.5% of checking account holders use eStatements

    A little more than half of all the customers/members we evaluated were checking account holders. It stands to reason more checking users would be using eStatements just to avoid getting a paper statement that’s weeks behind their online banking reports, ATM receipts, or mobile alerts. Still, that number grew 19 percentage points in a year…that’s a big gain.

    28.7% of customers/members use eStatements

    Even though this number grew 11 percentage points in a year, it’s still a little low for my tastes. Only 28% of members use eStatements? Why so low? Here’s why:

    1. Most financial institutions still have eStatements inside online banking and only online banking members can get them (see the first percentage number we listed, for eStatement/OLB users? Make sense now?)
    2. Very few financial institutions have marketing campaigns to increase adoption anymore. Those that do typically see great ROI.
    3. Most financial institutions don’t make eStatements the default for online banking users. Reg E says you have to give your users a choice of paper or electronic…but it doesn’t say what the default option must be. Why not start those users with eStatements and make them ask for paper statements?

    If only credit unions and banks would make eStatements the default. Most users would never bother to make the switch or make a stink – they’d probably never even think about it again.

    Check out our one-click program and see if this simple solution is right for you. 

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    October 31, 2012

    The Email Marketing Haunted House

    Filed under: e-mail,email marketing,One Click — admin @ 10:02 am

    by Jimmy Marks

    Welcome to the spoooooooky world of email marketing!

    Well, no, it’s not THAT spooky. But there are plenty of scary things that you may encounter on any given campaign. Step through the doorway into our

    HOUSE OF EMAIL MARKETING HORRORS!

    To your left, you’ll see a freshly upturned plot of dirt. Is it a zombie? No! It’s…

    LIVING-DEAD EMAIL ADDRESSES!

    These are recipients that never open any of your campaigns. Maybe they didn’t double opt-in or maybe they signed up and then forgot about it. In either case, contact those individuals at the addresses in question after a few months of no opens and see if they’re still interested in receiving emails from you. If you still get no response, mark the address as “unconfirmed” and spare yourself another tally in your “unopened” column in your campaign reporting.

    Now, head toward the laboratory. Egads! A giant, hulking mass comprised of the parts of others. Is it Frankenstein’s monster? No, it’s…

    MONSTER-LISTS!

    As you conduct more and more email marketing, you’ll find that you have multiple lists and, often, duplicate addresses. It is possible, even with the best list-management software. Police your lists every three months or so and make sure you’re not double-contacting anyone. Consolidate one email address with all the contact information and sign that address up for as many campaigns as they’ve requested. If you’re concerned about someone unsubscribing from all emails at once, consider offering a “manage subscription” form before the hard unsubscribe link. That way, the user has the option to manage their emails and choose which ones they want.

    Now, down the stairs. In the corner is a large casket. Is it a vampire, here to suck your blood? NO! It’s…

    HIGH SPAM SCORES!

    And they’re here to drain your deliverability rate. Spam filters are getting smarter all the time and no matter what you go through to train your recipients to accept emails from you, you still have to worry about the language in your email hanging everything up in the inbox. Pay attention to your  spam-score and work around any language that might be troublesome.

    We make our way through the dungeon and out to the backyard where our devilish werewolf Fido has dug up an old, golden sarcophagus. Out walks a monster that’s all wrapped up. It’s not a mummy, it’s…

    TRANSACTIONAL EMAILS!

    And they’re not wrapped up in linen or gauze, they’re wrapped up in red tape. See, many people worry they’re spamming their recipients when they send transactional emails (i.e., low-balance notices, missed payment reminders, past-due notices). These emails are transactional messages, not marketing messages. You don’t face as many restrictions when it comes to transactional messages because they’re meant to help your recipient and you keep things on the rails. They can still look nice, and even point that recipient to useful products you offer to help avoid further issues. One good example: sending a user a delinquent payment notice can also include a message about online bill-pay or EFT programs.

    And now, we reach the end of our tour here in the graveyard. We hope you enjoyed this look at the horrors of email marketing. And on the way out, watch out for…

    THE BONES OF THE STARVED EMAIL LIST!

    Adding new recipients to your most-used email campaign list is a must. It keeps the list alive and healthy, not withered and boney like the skeleton here. Put some meat on those bones with a subscription form that snaps right into your website.

    HAPPY HALLOWEEN TO ALL, FROM EVERYONE AT DIGITALMAILER!

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    April 7, 2011

    Postage is rising…are your costs?


    by Ron Daly

    I got an email today reminding me that postage is going up on letters that weigh more than one ounce on April 17 of this year. Great, MORE costs for postage and printing. Maybe on April 15 (after your taxes are mailed off, of course) you should have a meeting about your direct mail and statement costs.

    “But we’ve tried!” you say. “Everyone’s already signed up for eStatements that wants them! We can’t do more!”

    Plenty of folks have said that. Our One-Click enrollment program makes it easy to get paper statement users to opt-in to estatements. Take it from Scott Van Vorst from Jersey Shore Federal Credit Union:

    “Our credit union management was looking to reduce mailed statement costs. “Going Green” campaign inserts and website encouraged members to enroll for our e-Statements and other electronic services. When DigitalMailer heard of our project, they offered an affordable time- and money-saving email service to help with a one-click e-Statements enrollment process.After the first mailing, our e-Statements enrollments increased 470% from the first month of the campaign with non-home banking members making up 18% of those enrollments. With such proactive and effective service, DigitalMailer continues to be a value-added business partner of Jersey Shore Federal Credit Union.”

    Pretty impressive, huh? You can do it, too. Visit our one-click enrollment page to learn more.

    Want to find out how much you’re saving with your eStatement users? Use our green calculator to find out! Enter your total members, eStatement users, online banking users and general email address numbers and hit “Diagnosis”. You’ll see how many trees you’re saving, the estimated cost savings with eStatements, and more.

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    May 22, 2009

    All it takes is one click!


    Imagine increasing your electronic statement enrollment leaps and bounds with a single e-mail. Sound impossible? Not with DigitalMailer’s “One Click” campaign.

    After nine years of creating and implementing electronic statements for credit unions across the country, we’ve seen and heard some great promotional offers to encourage eStatement enrollment. iPod, Camera, Wii and PDA giveaways are pretty standard, as are plant-a-tree promotions and monetary incentives. Folks who sign up are happy with their statements and credit unions are happy with the savings.

    Recently, we started a new campaign which lets members sign up for eStatements by clicking on a single button in an e-mail. One click is all it takes to enroll in eStatements and move away from costly paper and printing. We recognized after creating a number of these campaigns that several key steps could be rolled into one. By verifying an email address, sending an email with the legal agreement attached, allowing the member to read through the agreement and sending their “opt-in” agreement to the credit union, we would be cutting out unnecessary steps, thereby saving time and money.

    “One of the good things about this campaign is that members don’t have to go to an enrollment page, type in personal info such as account number, SSN, email, name, etc. They click the button and we find the info in the CU system. No need to exchange personal info at all.”
    –Traci McNamara, Account Manager, DigitalMailer

    Two credit unions that are currently using the “One Click” campaign:

    Hudson River FCU decided to use the “One Click” in conjunction with a $100 offer to draw in new eStatement users. Since sending their e-mail in April, they’ve increased total eStatement use by 15%! Hudson River plans to run the same campaign in May and June, and with similar results month to month they stand to save over $14,000 with eStatements.

    Belvoir FCU has offered eStatements for the past seven years. Introducing the “One Click” campaign in the middle of April, they’ve experienced a total 5% growth, and are running the campaign again in May. Even more interesting, there’s no offer attached – people just click to sign up! Belvoir will be running the same “One Click” campaign through june. If they have the same success in June, they will be saving an estimated 50% of their total cost by switching those paper statements to e-mail!

    Something to take away from this campaign and its successes :

    1) When members know it’s easy to get started with eStatements, they’ll go for it.

    2) Your eStatements can lead to great savings. The more enrollments you have, the more you save on printing and postage.

    3) It can work with a special offer or without.

    4) You can get the campaign for your CU and get started right away!

    Click here for more info on eStatements!

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