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MapInfo Uncovers Spenders Who Are Racking Up Credit Card Debt.


Business Editors

TROY, N.Y.--(BUSINESS WIRE)--Jan. 13, 2004

From Impulse Shoppers to Big Spenders Noun 1. big spender - one who spends lavishly and ostentatiously on entertainment; "the last of the big spenders"
high roller

scattergood, spend-all, spendthrift, spender - someone who spends money prodigally
, MapInfo Demographers List Jacksonville, North Carolina Jacksonville, North Carolina, is a city in Onslow County, North Carolina, United States. As of the 2000 census the city had a total population of 66,715. It is the principal city of and is included in the Jacksonville, North Carolina Metropolitan Statistical Area. ; Anchorage Anchorage (ăng`kərĭj), city (1990 pop. 226,338), Anchorage census div., S central Alaska, a port at the head of Cook Inlet; inc. 1920. , Alaska and Honolulu, Hawaii For the city and county of Honolulu, see City & County of Honolulu.

“Honolulu” redirects here. For other uses, see Honolulu (disambiguation).
Honolulu is the capital as well as the most populous community of the State of Hawaii, United States.
 as Top 'Credit Card Happy' Cities

Following the holiday shopping season, MapInfo Corporation (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: MAPS) today released market analysis using its PSYTE(R) U.S. Advantage Neighborhood cluster solution, identifying the U.S. locations in which residents should expect the most credit card bills in the mail. MapInfo demographers uncovered this information integrating PSYTE with data from Mediamark Research Inc. (MRI 1. (application) MRI - Magnetic Resonance Imaging.
2. MRI - Measurement Requirements and Interface.
), the leading provider of syndicated, single-source marketing and media research in 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. .

Understanding the credit card lifestyle and habits of specific demographic markets is just one of the insights that MapInfo's PSYTE offers to its customers particularly in the retail, restaurant and banking industries. The following profiles cross reference a metros' propensity for credit card usage with MapInfo's PSYTE neighborhood clusters, providing a potential index ranking of each market.

-- Impulse Shopping, Southern Style--Some people would rather buy

on credit than wait to save up for items, and that is

certainly true for many in Jacksonville, NC; Punta Gorda Punta Gorda may refer to:
  • Punta Gorda, Florida
  • Punta Gorda, Belize
  • Punta Gorda, Nicaragua, the place where Hurricane Felix made landfall as a category 5 hurricane in 2007.
, FL

and Ocala, FL. These southern areas topped the list,

respectively, with the highest indexes of impulse buyers who

would sooner whip out whip out or off
Verb

to take (something) out or off quickly and suddenly: she whipped off her glasses 
 the charge card than pass up a tempting

item. Jacksonville--home to U.S. Marine Corps Base Camp

Lejeune and Air Station New River--also has the second highest

number of people with a personal line of credit, trailing

behind Iowa City, Iowa Iowa City is a city in Johnson County, Iowa, United States. It is the principal city of the Iowa City, Iowa Metropolitan Statistical Area which encompasses Johnson and Washington counties. .

-- Paying the Price for Paradise--Honolulu may be one of the most

beautiful cities, but according to according to
prep.
1. As stated or indicated by; on the authority of: according to historians.

2. In keeping with: according to instructions.

3.
 MapInfo's research, it is

also one of the metros that index highest on average monthly

expenditure using credit cards--ranking fourth in the country

overall, Honolulu also tops the list with highest likelihood

of its residents using gasoline gasoline or petrol, light, volatile mixture of hydrocarbons for use in the internal-combustion engine and as an organic solvent, obtained primarily by fractional distillation and "cracking" of petroleum, but also obtained from natural gas, by  credit cards.

-- But Baby it's Cold Outside--Getting around Anchorage, Alaska,

could get difficult without a vehicle, and this might explain

why it is one of the top cities with car-related credit

profiles. Ranking in the top five for metros with the highest

likelihood of residents to have auto retail credit cards, and

in the top ten for people with gas cards, Anchorage's

population makes sure it never gets left out in the cold.

-- Big Spenders in the Northeast--Stamford-Norwalk, CT, topped

lists as the metro with the greatest likelihood of residents

with a general-purpose credit card and the area with the

highest average monthly expenditures using credit cards in the

entire country. Middlesex-Somerset-Hunterdon, NJ, ranked third

with residents carrying any sort of credit card and sixth in

overall credit card expenditures.

"Understanding credit card usage in specific regions and markets can give businesses tremendous insight into the consumer, behavioral and lifestyle attributes of a particular population," said Chris Michels, PSYTE product manager for MapInfo. "Following the holiday shopping season, when consumers tend to pull out their credit cards to make purchases more often, this analysis provides some timely profiles of particularly active markets. With MapInfo's PSYTE, companies can make more accurate predictions about consumer buying and lifestyle behavior and identify new potential markets or untapped areas within existing markets."

Additional Information

PSYTE U.S. Advantage is linked to Acxiom's InfoBase(R), the world's largest source of consumer data, MediaMark Research, Inc., consumer/lifestyle data and Simmons Market Research Bureau survey data for more effective direct marketing campaigns. Automobile data preferences linked to PSYTE is provided to MapInfo under agreement with the R.L. Polk Company. For more information about PSYTE, visit www.psyte.net.

About MapInfo

MapInfo Corporation is a global software company that integrates software, data and services to help customers realize greater value from location-based information and drive more insightful decisions. MapInfo solutions are available in 20 languages through a network of strategic partners and distribution channels in 60 countries. Headquartered in Troy, NY, MapInfo Corporation is on the World Wide Web at www.mapinfo.com.

MapInfo and MapInfo PSYTE U.S. Advantage are trademarks of MapInfo Corporation and/or its subsidiaries and affiliates.

Of Note

This press release contains forward-looking statements forward-looking statement

A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
 involving risks and uncertainties. Any statement not a statement of historical fact is a forward-looking statement, including without limitation statements concerning demand for and benefits of MapInfo products and integration of MapInfo products with existing solutions. Market acceptance, potential integration difficulties, decreased customer spending and economic trends may cause these statements not to be true or to differ materially from the manner presented. MapInfo takes no responsibility to update any forward-looking statements.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Jan 13, 2004
Words:750
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