We’re seeing financial services brands leverage major sponsorships in pursuit of specific business objectives. For example, Visa, Amex and Mastercard recently activated their sponsorships of premium events to increase trial and use of contactless payments.
It's almost a given that the “Big Game” will have commercials for cars, snack foods, beer, movies and consumer packaged goods. In 2017, many financial brands stayed on the sidelines… with three notable exceptions.
In the Super Bowl this year, we saw a trio of financial service “disruptors” use the tried and true Super Bowl brand spot to declare how they differ from traditional banks, while two older financial companies used less traditional tactics as part of their approach.
What really caught my eye about this calculator was the direct, head-to-head comparison with other online travel booking sites. Orbitz is not taking on the whole travel industry; instead, it is taking on its direct competitors: Priceline, Hotels.com and Expedia. This is a very smart approach: there are a lot of players competing for travel loyalty, and Orbitz seems to have decided that it’s best to play to its base and stick to a smaller sub-segment of travelers.
The card-marketing materials that are showing up in market tap Virgin America’s highly provocative brand personality. In a nod to the airline’s fun, playful mix of style, service and quality design, they capture unique brand details, such as the fuchsia-red color of the airline’s in-flight cabin mood lighting.
Since the current campaign touts “the NEW Visa Black Card,” we were curious to see how Barclays has updated the product.
As a long-time sponsor of the NFL, Visa knows that there are millions of fans who are passionate about the game. And so, historically, this financial services brand has used its NFL advertising campaigns to highlight that passion and bring it to life. We’re happy to see that this year is no different, and if anything it’s even more ambitious.
At first, the length of a Vine may seem limiting. What can you say in six seconds? Then along comes Visa to remind us that in a social media world, you can say a lot in six seconds. In fact, Visa has built an entire integrated campaign around it.
One thing is clear: issuers are not sitting idly by post-Durbin. Instead, they are finding new and innovative ways to give their customers rewards that are engaging and valuable.
Exclusively online/mobile banks have caused some to speculate about the demise of bank branches (as they compile lists of banks that operate primarily on virtual models). Without a doubt, there is a shift away from the “branch centric view” of banking and an evolution of bank accounts toward mobilization, but what we’re really seeing is the latest disruption… a call-to-action for financial services companies of all iterations to revamp financial products themselves and develop new marketing strategies.