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Over the next two years, AmSouth plans to triple the number of customers
using Internet Banking. But Rod Woodfords focus is not on technology;
its on how technology can help attract new customers, deepen our
relationships with current customers and provide better service.
Woodford, director of e-Commerce, is responsible for executing AmSouths
comprehensive approach to Internet Banking, but his background is in
traditional, customer-focused banking.
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Internet Banking isnt a novelty at AmSouth. Its another
way to provide convenient service to our customers, around the clock
and around the globe, every day of the year. We received an e-mail from
a customer on a business trip. He wrote: Im sitting here
in Paris doing my banking with AmSouth, and my wifes in Denver
paying her bills. Internet Banking is great. Were naming our first
child AmSouth.
Customers who use AmSouth Internet Banking are extremely attractive
compared with the typical retail customer. Internet Banking customers
on average:
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Using his experience and knowledge of how customers want to bank,
he links consumer, small business and commercial banking to create a
cohesive effort. Its an initiative deeply rooted in our continuous
efforts to improve service. After all, we pioneered Telephone Banking
and Bill Payment in our markets two decades ago.
In 2000, we redesigned our Web site to make it easier to use. But because
part of being convenient is being fast, weve also boosted our
capacity to serve large and growing numbers of customers.
In fact, the number of customers who conducted transactions on the AmSouth
site doubled in 2000.
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- Use twice as many of the banks products.
- Are nearly three times as likely to have an equity line of credit.
- Have a deposit balance 50 percent larger.
A national rating company has ranked AmSouths Internet Banking
site in its top tier of providers nationwide, saying our customer service
and the reliability of our site were especially noteworthy.
AmSouths Internet Banking will help attract new customers, deepen
relationships with existing customers and provide better service overall.
The key is its convenience.
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