Investor Asks Whether InfoUSA Received Other Bids
InfoUSA may have disbanded the special committee formed to evaluate chairman and CEO Vinod Gupta’s buyout offer, but at least one investor still has questions. The committee rejected Gupta’s $11.75 per-share offer for the 62% of the stock he doesn’t own, and was dissolved last Friday....
Direct Deposit
Data is a lot like money. If you have it and you can access it, it's a wonderful thing. But if you don't have it, or you have it but can't get to it when...
News briefs/directmag.com
4/12 Online car marketer AUTOBYTEL INC. acquired iDriveonline Inc., a Houston-based provider of automotive customer loyalty and retention marketing programs,...
Emotion Can Make a Difference
Demographically and geographically, potential targets may appear similar. But purchases often are made from the emotional part of the wallet, according...
KeyCorp Makes a Statement
KeyCorp, a Cleveland bank, will offer consolidated statements to its retail customers this spring. They'll reflect everything from credit card charges...
Maintaining Balance
Banks can seem cold and impersonal, which isn't the best image when it comes to building relationships. Commerce Bank is using transaction data to try...
Chicago Bank Chain Tightens Targeting
BankFinancial, a Chicago-area banking chain, was sure that the best prospects for its high-balance checking account were people age 55 and older. That...
Capital One's High-Tech ROI Curve
Are you investing in a new system, or pumping millions into an old one to stay ahead of the technology curve? Stop trying so hard. Instead, sit down and...
California Privacy Bill Dies in Committee
California State Sen. Jackie Speier (D) suffered another defeat in her fight to pass a financial privacy bill in June when an assembly committee failed...
Rising Sum
Asian Americans have one of the highest levels of education of any demographic in the United States and the highest median level of household income on...
Policy Change
THEY MAY BE ON THE OTHER SIDE OF THE WORLD, but Liberty Group, a South African financial services company, faces a problem all too familiar to U.S. firms...
Live from NCDM: The Case for Consumer-Centricism
What looked on paper like an $18 million profit for Chase's Group Sales program was actually an $18 million loss for the entire company. But the loss...
Expiring FCRA Provisions Heat Up Privacy Debate
State preemption provisions for the Fair Credit Reporting Act are set to expire in January 2004. If allowed to lapse, state and local politicians could potentially set up tens of thousands of different regulations governing the collection and dissemination of consumer credit information....
Litle Is Back in Payment-Processing Business
Tim Litle has created a new endeavor with a familiar name. The venture, Litle & Co., is offering credit card processing services....
California Lawmakers Reject Privacy Bill
The California General Assembly, in one of its last acts before adjourning, failed to pass the Financial Information Privacy Act (S-773), which exceeded...
Lending Leverage
SOME PEOPLE WOULD SAY you can never have too much of a good thing. But when you're not able to maximize that good thing, it can be frustrating. Countrywide...
Legislation Lurks
Is there a wolf outside the door? While predictions of significant privacy legislation have been lurking for years, some believe it's all just huffing...
ROYAL TREATMENT
ONE COULD SAY that Sovereign Bancorp Inc. went the adoption route to grow its financial family. The Wyomissing, PA-based retail bank has completed 24...
H&R Block Ramps Up DR in $100 Million Campaign
DIRECT MARKETING has taken the lion's share of the $100 million being spent by H& R Block to reach prospects during this tax filing season. The effort...
Sub-prime Crackdown
SUB-PRIME CREDIT MAILERS, once among the hottest sectors in financial services marketing, are feeling the heat. Several big players have had to change...
Checks and Balances
DIRECT recently talked with Karen Gopalan, vice president, brand and marketing services for Chase Manhattan Bank, to get her thoughts on financial services...
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