Acxiom(R) Announces Success In Invitations-to-Apply Solution Testing, General Commercial Availability.LITTLE ROCK, Ark. -- Citing the positive test results reported by several top financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. companies, Acxiom Acxiom is a customer and data information management company, offering a range of products and services including information technology outsourcing. It has been described as "one of the biggest companies you've never heard of. (R) Corporation (Nasdaq:ACXM) today announced the general commercial availability of Ranking Invitation to Apply Approvals (RITAA), its newest business intelligence solution. RITAA helps financial services providers, particularly credit card issuers, find and target consumers who are most likely to respond to invitation-to-apply offers and meet the issuer's credit approval standards. Validated val·i·date tr.v. val·i·dat·ed, val·i·dat·ing, val·i·dates 1. To declare or make legally valid. 2. To mark with an indication of official sanction. 3. with seven of the world's leading financial institutions, RITAA is a model built on Acxiom's industry-leading InfoBase A database created in Folio. See Folio. (R) data and determines the relative likelihood that a consumer who has responded to an invitation to apply for credit will subsequently achieve approval. RITAA is not based on credit data and does not determine credit worthiness, but instead employs the most sophisticated use of marketing data to dramatically improve targeting for increased approval likelihood. Acxiom's post-campaign testing shows approval-to-response rates can be increased by 25-50 percent or more. If the goal is to increase approval-to-mailed rates, 17-50 percent improvement has been observed, with the average well over 20 percent. "RITAA improves invitation-to-apply marketing by identifying those prospects and customers who are most likely to go on to meet approval standards, not simply respond to the offer," said Richard Howe, leader of Acxiom's Marketing Organization. "This allows marketers to improve the cost efficiency of their marketing as well as identify current retail banking customers who may be prime prospects for loan services." To validate To prove something to be sound or logical. Also to certify conformance to a standard. Contrast with "verify," which means to prove something to be correct. For example, data entry validity checking determines whether the data make sense (numbers fall within a range, numeric data RITAA, Acxiom partnered with nine companies including seven of the world's leading financial services institutions, in implementing more than 20 campaigns. Companies testing the solution are experiencing the following business benefits using RITAA: --Reduced cost per acquisition; --Improved return on marketing investment; --Reduced list costs by finding the best cutoffs within lists; --Improved flexibility. RITAA can be used as a stand-alone solution or in conjunction with other targeting techniques; --Ease of use for marketing initiatives; --RITAA also offers the advantage of an expandable universe of possible customers. About Acxiom Corporation Acxiom Corporation (NASDAQ:ACXM) integrates data, services and technology to create and deliver customer and information management solutions for many of the largest, most respected companies in the world. The core components of Acxiom's innovative solutions are Customer Data Integration (CDI CDI compact disc interactive: a system for storing a mix of software, data, audio, and compressed video for interactive use under processor control ) technology, data, database services, IT outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. , consulting and analytics, and privacy leadership. Founded in 1969, Acxiom is headquartered in Little Rock, Arkansas Little Rock, Arkansas required military intervention to desegregate schools (1957–1958). [Am. Hist.: Van Doren, 556–557] See : Bigotry , with locations throughout the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Europe, and in Australia and China. For more information, visit www.acxiom.com. Acxiom and InfoBase are registered trademarks of Acxiom Corporation. |
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