CHOICE OF PAYMENT TYPE
Survey Date: October 2003 - Results Available Now!

Overview - Banks have a wide variety of payment products, and often numerous groups within the bank are promoting different products to the same customers with different and often conflicting messages. But what does the customer want in terms of payment options? Collective Dynamics is conducting primary consumer research to understand Choice of Payment Type attitudes and preferences. We believe the results of this research will be of great benefit to financial institutions, financial services providers, and billers in better understanding evolving consumer payment needs, thereby focusing strategies and resources on meeting these needs more effectively.

Approach/Methodology - Collective Dynamics will utilize on-line interviewing to gather both qualitative and quantitative information. Cluster analysis will be utilized to better understand how consumer “group together” based on their preferences. Optionally, participants can have their own customers included in the survey that will allow CD to provide a confidential comparison to group averages and “high performers.” Additional costs for this will be discussed on an individual basis. From this analysis, an individualized action plan can be created for your organization.

Cost - The cost for the basic study is $10,000, plus any travel expenses related to presenting the findings at your site. Prices to survey your actual customers for
Research Capabilities
Research Studies
Research Clients
Proprietary Research
Predictive Modeling