Professional Documents
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EXPRESS
Prathamesh Barah
EMBA
INTRODUCTION
About American Express:
American Express Company, also known as AmEx, is an
American multinational financial services corporation
headquartered in Three World Financial Center, Manhattan,
New York City, New York, United States.
Founded in 1850, it is one of the 30 components of the Dow
Jones Industrial Average.
The company is best known for its credit card, charge card,
and traveler's cheque businesses.
Amex cards account for approximately 24% of the total
dollar volume of credit card transactions in the US.
Vision:
Achievements:
INNOVATORS:
Plastic card
Superphone authorization process
Magnetic strip on card
Premium card
Buyers Assurance and rewards programs
Express-Net - online management tools to
track spending
Embedded Chip and PIN
Photograph on card
TARGET GROUPS
Customers
Merchants
Businesses
TRANSITIONS IN
PROPOSITIONS
Dont leave home without it.
Do More.
My life. My Card.
Welcome in (LATEST)
PRODUCTS
AND SERVICES
CUSTOMERS
Customer cards:
Centurion Card: Often referred to as the "black card," which caters to an even
more affluent and elite customer segment.
American Express has several co-branded credit cards, with most falling into
one of three categories:
Airlines (Travel Cards)
Hotels
Retailers
Blue Card: Card aimed at young adults. Amex also targeted young adults with
City Reward Cards that earn INSIDE Rewards points to eat, drink, and play at New
York, Chicago and LA hot spots.
Clear Card: the first credit card with no fees of any kind.
"The Knot" and "The Nest" Credit Cards from American Express, cobranded cards developed with the wedding planning website
theknot.com.
Bluebird:
It is a prepaid debit card introduced by American Express and Walmart.
It is being touted as having lower fees than other prepaid debit cards with
some of the benefits of traditional American Express cards, such as roadside
assistance and identity theft protection.
The card can also be used as a substitute to a traditional checking account.
Customer Services:
ExpressPay: It is a contactless payment system
based on wireless RFID, where transactions are
completed by holding the credit card near a receiver
at which point the debt is immediately added to the
account.
V- Payment: V-Payment is unique in that it enables a
tightly controlled, single-use card number for
increased control.
Global Business and Consumer Travel: It provides
cost-effective travel program management, worldclass customer service, and solutions for enhanced
traveler productivity and support worldwide.
BUSINESS
Business Cards:
A comprehensive range of cards designed to support mid-sized and
large companies manage their travel and day-to-day operational
expenses.
Examples of these products include:
The Corporate Meeting Card.
The Corporate Purchasing Card.
The Business Travel Account.
Business Services:
American Express @ Work website.
Information @ Work, a reporting tool
targeted at mid-size companies to give
them quick and easy access to their
employees' spend data.
In this, clients have access to:
Program management capabilities.
Online statements.
Reporting and data integration products.
MERCHANTS
Merchant Cards:
Open Credit Card: This card was
designed to enable for small scale
merchants in order to help them out
with their businesses.(Plum Card)
There are no annual fees levied,
helping the merchants to make
purchases through their cards and
avail special benefits.
Merchant Services:
COMMUNICATION
STRATEGIES
Their ATL strategies basically involves creating awareness about their new cards
and services and constanty improving their brand Image in terms of the world
class service provided by them.
However, in the recent years the company has shifted its focus to social media in
order to engage their customers and focus more on youth centric activities.
American Express is doing a lot to shed its image as the card for the elite. In recent
years Amex has worked with Twitter, Facebook, Foursquare, video game
companies and other new partners to win the favor of young adults.
American Express is also paving its way into the mobile space.
They have also been harnessing Cause Marketing lately and giving opportunities to
young talent to contribute to social causes.
ATL STRATEGIES
Everything AMEX does is designed to engage their customers,
merchants and their partners in a long-term relationship, one
that deepens over time through the creation of value.
They make it their business to be active listeners, so as
attitudes and ways of doing business change among the Card
members and merchants, they understand how to position
themselves in ways that serve and anticipate their needs.
Their goal is to create customers for life.
Hence they always look for new ways to attract, engage, and
retain customers.
Description:
PRINT ADS
SOCIAL MEDIA
STRATEGIES
Their mission is to be everywhere the Cardmembers and merchants are.
To engage with them, service them, deliver unique value that's shareable
and create seamless digital experiences that surprise and delight.
American Express joined the social media scene in 2009.
American Express has built its social strategy on service, and it continues
to improve its implementation by taking in user feedback. They spent a
great deal of time listening to the community. The community interests
and feedback defines their strategy.
Facebook:
The organisation leveragesFacebookwith its viral many to
many social connection to create more stories about AMEX
than they could ever achieve on their own.
To exploit power of marketing to a social network with the
scale and size of Facebook.
Twitter:
American Express uses itsTwitter accountto distribute its
content and also uses it to engage with followers and answer
questions through its various handles.
Use community manager to interact in real time to questions
inquiries by Twitter followers.
LinkedIn:
The LinkedIn page of AMEX caters to professionals
around the world.
Promotes products and services provided by AMEX to the
followers as they can be segmented.
Lists jobs as LinkedIn is primarily a recruitment platform.
YouTube:
Go beyond core mission of enhancing not only
cardmembers experience online but also creating
content that appeals to merchants & the youth as well.
Foursqaure:
American Express is using the location based technologies of
the social media site Foursquare to provide incentives for
merchants and customers to use the American Express card to
obtain savings when they visit participating merchants and use
their AMEX credit card.
It uses the foursquare mobile app to power the marketing
campaign.
This strategy is also about creating crowd sourced
conversations and stories on this social network of 15 million
users.
By actively participating on Foursquare AMEX has built a
sizeable network of over 65, 000 followers that leverages their
brand. Size does matter and should be a priority in your social
media marketing strategy
Description "Unstaged: An Original Series from American Express," features some of the
music industry's most breakthrough artists playing at landmark venues
across the world.
Tap some of the most influential filmmakers to direct the live-streams, and
use digital and social media to connect the online audience to the live shows
in unexpected ways.
Strategy This new partnership with VEVO and YouTube celebrates the marriage of
music and social media.
The aim is to demonstrates the exceptional access that American Express
provides to Cardmembers and music lovers across the world.
Amex SYNC:
Launch Date-19th
July 2011
Target GroupCardmembers.
Objective- To provide
couponless discounts
on things they love.
Platform-Facebook,
Twitter, Foursquare.
Description
In order to integrate all social media platforms together Link, Like,
Love in 2012 was repositioned as Sync.
Cardmembers can sync their eligible Card with Twitter, Facebook
& Foursquare, and when they connect using special offer hashtags
or location services(foursquare) , couponless savings are loaded
directly to their synced Cards no coupons, no print-outs.
Exclusive offers from a variety of the nation's largest merchants
can be availed using smart phones.
Strategy
Turn social media content into digital coupons by
connecting Cardmembers to merchants and delivering real
world value to both in return for social media mentions.
Results
AMEX launched their genius sync campaign in
March 2012.
9 days after the launch of the campaign AMEX and
merchant partners garnered more than 150,000
tweet coupons.
The coupons were worth more than $1.3mn in
savings!
In total, there has been over $12.8 million spent,
and at least $2.8million worth of discounts
awarded.
BLUEBIRD:
Objective: Introduction of
hassle free prepaid cards
in partnership with
Walmart.
Launched: October 2012.
TG- middle-class and
lower-income Americans
eager to avoid fees
charged by banks.
Campaign PlatformFacebook, Twitter,
YouTube, Digital.
Description:
Bluebird is a checking and debit alternative brought to
you by American Express and Wal-Mart.
The costs to manage personal finances have changed
dramatically in recent years.
Checking accounts that used to be free.
Bluebird offers an alternative and a better way to
manage and control customers money.
It has many great features like Direct Deposit, ATM
access, bill pay, Bluebird Checks, Bluebird SubAccounts and of course, access to membership
benefits from American Express.
ADVANCE TICKETS:
Target-Customers.
Platform-Facebook, Twitter
Objective-Deliver unique values to
Cardmembers & at the same time
increase customer engagement on
social platforms.
Description Launched to support the local businesses that create jobs and boost
the economy.
A national movement to drive shoppers to local merchants across
the U.S.
The first 10,000 eligible businesses in the U.S. will get$100 in free
advertising credits each.
Twitter offered $1 million in free ads for small businesses.
Strategy
Linked to the AMEX Open Card for Merchants and small businesses.
Improve the brand image of the Company & have a smooth transition
in terms of brand re-positioning.
#Aroundtheworld
Target Group-Travel Cardmembers
(customers and businesses)
Platform-Facebook, Twitter.
INTERACTIVE
CAMPAIGNS IN USA
INTERACTIVE TV CHANNEL
Launch Date: September 2012.
Target Group: Cardmembers and Prospects.
Objective:
To allow the brand to be always-on and promote its initiatives, even when more
traditional commercials are off the air.
To Explore new digital avenues for customers to use its services to make exclusive
purchases so as to differentiate American Express as a forward-thinking brand.
Platform:
American Expresss channel will be available for a year as part of a campaign with
Mindshare and specialist interactive TV agency BrightLine.
The channel is available via providers AT&T U-verse, Cablevision, DirecTV, Dish and
Verizon FiOS, as well as through Samsung and LG connected TVs.
Viewers will be directed to the channel via interactive commercials, banner ads, and TV
channel guides.
Description:
The channel features information about American Expresss cards and
benefits, promotions, games and updates.
Both current and prospective American Express customers can
interact with the content and the company estimates that it should
reach 55 million US homes.
In addition to the branded channel, the credit card company has
teamed up with broadcasters Fox and NBC Universal, as well as social
TV app Zeebox, to allow viewers to use their mobiles to buy products
while watching TV, what it calls t-commerce, (television commerce).
Games included Photo Hunt, which encouraged viewers to interact
with card benefits and read real customers tweets.
Strategy:
Less products and services promotions
and more interactivity.
For American Express, its
sponsorships of the U.S. Open, Tribeca
Film Festival and its Unstaged concert
series, means that it has more great
content at its disposal and more
assets to sweat via its channel.
Shoppable TV is an interesting area
for American Express to delve into.
Result:
Popcorn Pop-Up:
American Express is bringing movie-goers favorite snack to
the streets with an interactive mobile popcorn truck.
Collaboration with Brooklyn Popcorn, the truck will offer
complimentary gourmet popcorn in five unique flavors. Fans
will also be able to purchase tickets to Festival screenings.
"Tribeca Now"
American Express teamed up with American Express
Publishings Travel + Leisure.
It is an insiders guide to the neighborhood featuring local
recommendations on restaurants, shopping, services and
other memorable experiences to help Festival-goers plan their
perfect Tribeca experience.
Strategy:
Live streamed music series to celebrate the
art of music through the unique storytelling
abilities of visionary filmmakers.
Bring the festival to audiences around the
city and beyond so as to connect with people.
Partnership with VEVO and YouTube, to bring
its live stream music series American
Express Unstaged to the Tribeca Film
Festival.
Strategy:
Part of the American Express Emerging Innovators Campaign, which aims to
accelerate and highlight the ideas of tomorrow's leaders through training,
mentorship, promotion and collaboration.
Description:
American Express joined forces with DKNY to create a special inseason runway event for Card members showcasing the DKNY
2012 Resort Collection.
The recent U.S. Open in Flushing, Queens has also given them an
opportunity to treat users to once-in-a-lifetime incidents.
Strategy:
Exciting events and offers at NBA All-Star 2012 in Orlando will help bring
those fans closer to the action and the game they love.
MEMBERS PROJECT
Campaign by American Express and Take Part.
Started in 2010.
Objective: To provide those with a passion for philanthropy and interest in giving
back an opportunity to take small steps to make a big difference.
Strategy:
With Gartner predicting that mobile advertising will be a 20.6 billion dollar
market by 2015, countless companies are popping up and soliciting easy
ways for brands to scale ad campaigns for mobile devices.
American Express has been paving the way in the mobile space.
To Establish a successful mobile campaign with the right vision, insight and
creativity at the same time captivate users attention instantaneously.
Through true brand integration and rich-media mobile ads, to present
engaging experiences that create emotional ties with consumers.
Use of Mobile advertising to drive that awareness and deliver relevant
content.
Extention of companys efforts to offer a new mobile service to help
businesses and traveling employees quickly and efficiently change travel
plans that have been disrupted by the weather or other unforeseen
events.
Receipt Match
Location: USA.
Target Group: Businesses.
Objective:
Description:
Send: Send in receipt by snapping a photo with mobile app, forwarding via
email or uploading receipts form computer.
Match: ReceiptMatch matches Business Card receipts to their transactions by
scanning the receipt for information like the purchase date and amount.
Manage: View and print your stored receipt images, notes, and transaction
details from your online statement.
INTERACTIVE
CAMPAIGN IN UK
MY LIVE STORY
Platform: Online
Description:
It encouraged consumers to celebrate their most
memorable live music moments by submitting photos or
videos of their favorite gig online.
Twenty-one winners will have their experiences turned into
a short firm, to be aired on national TV.
The overall winner will be rewarded with a trip to Los
Angeles.
Strategy:
Engaging with consumers in non-traditional ways was the
most important aspect of their brand activity.
To effectively involve consumers and invite them to share a
dialogue with Amex and with each other, to create richer and
deeper relationships with the company.
Their Preferred Seating Program recognizes card members
passion for music and film, providing them with access to
memorable events.
The My Live Story campaign brings this to life by celebrating
the lasting memories and moments of inspiration that people
experience through such occasions.
INTERACTIVE
CAMPAIGN IN INDIA
TALKING MANEQUIN
Launch Date: November 2012.
Description:
Passengers at Delhi International T3 are being informed about the
AmexJet card through a speaking mannequin, whose image is
projected onto a glass wall located in the concourse.
Strategy:
Most passengers do not pay attention to ads informing them about
new privilege cards.
That is why at Terminal 3 they did things differently.
This out of the box thinking did the trick and caught our
passengers attention.
Owing to its location at the Terminal 3 canyon area, which connects
passengers to the Security Hold Area, the installation provided the
LEARNINGS
Promote small businesses.
Tie-ups with small businesses (brick and mortar) around the
country and route customers to them.
Engage more with youth by organizing or sponsoring youth
centric events.
Theme based events for the target groups.
THANK YOU