Archives for December 2009
- Cloud-based consumption of computing
- Interoperable components: lessons learned from SOA
- Payments made by retailers to wholesalers for receipt of consumer goods
- Salary, commission and pension disbursements made by companies (and govts) to individuals
- Social benefit distributions from companies (and governments) to individuals
I find it curious that a bank would like to extend itself into the retail business. Granted consumer cards are used for retail purchases, but positioning the bank as a place to shop online is a completely different matter. The big question here is can TD encourage consumers to switch to a TD Visa by offering them shopping discounts? Even if customers do sign up for a TD Visa card, offering them a single deal or a handful of deals is not enough to encourage customers to alter their affiliations. Can it be used as a carrot? For sure. However, the features and rates of TD Bank’s cards would have to be extremely compelling in order for customers to switch. In fact, I would argue that TD is more likely to attract one-off deal shoppers than a loyal contingent of converts. It is also a nice feature/perk for existing cardholders.
TD also promotes the MyAXS offering on its own web site, buried in a section called “Related Services.”: