Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Products
Truaxis debuts merchant tips for statements
REDWOOD CITY, Calif. (9/23/11)--Truaxis, a provider of data-driven personalized services, has released a tool that gives credit union members and bank customers personalized merchant recommendations on their monthly online statements. Using Truaxis’ StatementRewards platform, the new tool, called Purchase Insights, provides customers with recommendations for merchants that people with similar spend patterns enjoy. Purchase Insights delivers spending summaries that analyze merchant, category and location data to give consumers insight into their spending habits over time, providing perspective on where money is going and how it can best be spent. Purchase Insights includes three features:
* Merchant recommendations based upon customers’ shopping preferences and patterns: helps customers discover new merchants that millions of other consumers with similar tastes frequent. * Social benchmarking: allows users to compare their spending against multiple groups of people, including a national average and people like them. Credit union members and bank customers can compare their spending across purchase categories, specific merchants, time periods or geographic location against U.S. averages, state averages, demographic sectors or even compare their spend against a created, private group of friends and family contacts. * Summary of spending: delivers graphical reports of where consumers are spending their money, including the industry's first merchant-specific reporting, specifically, purchase category, merchant; time period, and geographic location.
The StatementRewards platform includes merchant-funded rewards, personalized bill analysis and a suite of data-driven personalized services that help financial institutions and merchants build relationships with their customers.


RSS print
News Now LiveWire
Economic activity slowed in June, according to the #Chicago Fed's national activity index, released today #Market http://t.co/1pN6peM8my
10 hours ago
Money burns a hole in workers' pockets after payday, despite best intentions via @WSJeconomy http://t.co/A9SNiUdf9v
10 hours ago
"SAR Stats," new from #FinCEN, focuses on #bitcoin. See #NewsNow http://t.co/vS7iTwY2SW
12 hours ago
.@CFPB now accepts consumer complaints on prepaid cards, debt settlement services, credit repair services, and pawn and title loans.
12 hours ago
.@WellsFargo to process transactions in order received, not high to low http://t.co/g0jWJoegoJ
13 hours ago