Leadpile's Blog» consumers

Fed Imposes New Rules For Bank Overdraft Fees

Mari H. — Fri, 13 Nov 2009 14:07:23 +0000

The federal reserve has officially implemented new rules that governs the overdraft fees our nation’s banks can charge. Thursday, a ruling was imposed to make it harder for banks to add overdraft fees to customer’s accounts. Banks will now be required to have a consumer opt in for overdraft protection programs, therefore if you do not opt in for this service you will not have a transaction processed if the funds are not available. Many consumers depend on the fact that their bank will let a charge be processed on their debit card, with the assumption that they will just get charged a fee for that. Well starting in July 2010, that will not be happening. Banks will have to say bye bye to the 25 billion dollars a year in fees they collect on these sorts of transactions. No more spending money you don’t have people…. Let’s see where the banks try and make up for this cash cow loss.

Got A Little Captains In You?

Erin — Fri, 16 Oct 2009 14:26:33 +0000

It comes to no surprise that economist are saying that spending will be down this year for the holiday season and Halloween is no exception. Consumers are cutting their spending across the board this Halloween. From candy to costumes to decorations, it is predicted that consumers planning to celebrate the holiday this year will be down two percent. Even the pumpkin patches are taking a hit!
What is one market that thrives this holiday? The alcohol business, specifically Captain Morgan rum (number 2 in rum sales). Adults love Halloween just as much as the kids do and Captains realizes that. Their new slogan of, “Calling All Captains” is being pushed through several of the marketing verticals. They have made a huge push this season not only coming out with new television ads, but also three Halloween parties, and a photo content. According to Tom Herbst, Director of Marketing, “We feel like Captain Morgan sort of owns Halloween. No other brand markets as much as we do and sees the return from it…Halloween has always also had an adult component to it and when that adult component reached mainstream, we felt that this was an opportunity to jump on it and bring the unique Captain energy to it.”. This time of year is one of the busiest for the brand. With the captain always being in costume it makes sense that this is his time to shine. I am sure that there will even be many individuals who dress up as him for Halloween. So this Halloween when someone asks what you would like to drink, go for the Captain. Why you say? Because you and the Captain can make it happen.
It is amazing the effects a “captain” can have on a company’s marketing. Leadpile and all other companies I am sure wish we had a catchy mascot like the “captain” to spread our marketing message!

Consumers Are Particular On Who They Trust

Mari H. — Mon, 14 Sep 2009 03:26:43 +0000

Almost anything or anyone you want to know more about can be found on the internet. However, when you go to a website is there something that stands out as something that makes you “trust” that website as a reputable source versus another website? There are in fact certain reasons consumers seem to trust one site over another. Nielson Global did a survey on consumers to see what makes them trust a particular website and it’s advertising versus another.

What this information really tells all of us in the lead generation industry is, that maybe we need to continue to focus on how we can really become a more trusted source by consumers. TV, newspaper and other sources came out ahead of methods such as banner ads, mobile and other online lead generation methods. The question then is how do we increase the trust level our consumers have for websites we are working with to generate leads? Brand recognition is pretty high on the list of trusted sources, however not everyone has a brand that is known, or the financial ability to generate that awareness.
Leadpile, and I am sure all other lead generation companies, are all looking at this sort of information as informative, but how can we take this information and apply it to what we do?

New Credit Card Laws Taking Effect

Mari H. — Mon, 17 Aug 2009 14:59:09 +0000

Some recent laws passed regarding our credit cards are taking effect this Thursday. Currently credit card issuers have an ability to change interest rates on existing balances without any sort of notice. Part of the new law taking effect Thursday will put a restriction on the credit card companies from doing this without a 45 day notice. They can still charge you penalty fees for late payments and over-limit charges, however being able to freely increase the percentage rate (fixed rate percentage) on an already existing balance, will be going away. Any change to our interest rate, late payment fees, over-limit fees or finance charges can still increase, but they have to now give us a 45 day notice. It seems that a lot of credit issuers have recently become very aggressive in even shutting down card holders cards if there was no activity. There is a potential “risk” involved to the credit card issuers, and they are scrambling to get rid of those sorts of consumers. The other thing that we are all witnessing is the credit card issuers reducing balances on our credit cards if they are not being utilized. Once again, this is the credit card issuers reducing their “risk” or potential exposure, however it is very much an inconvenience for many people that want to then utilize their credit cards for a larger purchase.
Reading over anything that comes in the mail from your credit card company is probably the safest thing to do to keep up to date on what is going on with your account. Maybe even utilizing your credit card randomly might even be a good idea if you want to maintain the credit card availability. That sounds a little odd, because the “right” thing to do is really maintain a debt free life and live within your means. The credit card companies are almost indirectly pushing Americans to use their cards… or LOOSE them.

LeadPile Announces 61 Lead Verticals Served in past 30 Days

Eugen I. — Tue, 30 Jun 2009 18:36:25 +0000

*Phoenix June 30th, 2009* — LeadPile, The World’s Largest Online Exclusive Lead Exchange announced today record results for its [MicroClick Form](http://www.microclick.com) in June, 2009. LeadPile reports a record number of Lead Verticals being served by its MicroClick Form with Lead Sellers producing leads in 61 different verticals in the month of June. This makes the LeadPile MicroClick Form the most widely used Multi Vertical Lead Generation Form in the lead Marketplace and Lead Exchange Industry.

LeadPile’s Centralized Online Exclusive Lead Marketplace supports thousands of affiliates that use the exchange to sell to suitable lead buyers. By using the LeadPile MicroClick Form, Affiliates can focus on driving traffic to their pages and not on managing lead buyer relationships. Over 90% of LeadPile’s active affiliates are currently using the MicroClick form, offloading the responsibility for lead collection, management, technology infrastructure, and quality control to LeadPile.

Astoundingly, LeadPile’s MicroClick form has been used to produce leads as diversified as Tax Debt Relief, Home Improvements, Business Loans, Health Insurance, Equipment Leasing, Credit Card Processing, Cash For Gold and more.

Andrew Jacob, CEO of LeadPile says, “The LeadPile MicroClick Form allows us to handle leads across multiple verticals, including payday, starter credit, debt consolidation, credit repair, bankruptcy, auto financing, and homeowner. While the majority of leads currently being exchanged in the Marketplace are in the Financial sector, the fact that Lead Sellers are using the MicroClick form to produce leads in over 60 verticals is very rewarding for our team.

Jacob adds, “I would like to personally thank our existing Lead Buyers and Leads Sellers for their business, and it is our promise to everything we possible can to help them in their efforts by continuing to provide the type of technology infrastructure and transparency that they have come to both expect, and deserve, from LeadPile.

About LeadPile:

LeadPile (”LeadPile” or the “Company”) is the premier Lead Exchange, providing a central marketplace for the buying and selling of targeted consumers or “leads.” The Company’s system sits between lead buyers and sellers allowing them to conduct business in an efficient, exchange-driven environment providing value to both parties. The Company’s MicroClick form allows high traffic affiliates to merely place LeadPile-generated code on their pages in order to immediately produce leads. These leads are directly routed to the exchange for sale, thus the system allows affiliates to generate leads without creating a backend management system or managing lead buyer relationships. To read more, please visit http://www.LeadPile.com

Phoenix June 30th, 2009 — LeadPile, The World’s Largest Online Exclusive Lead Exchange announced today record results for its MicroClick Form (http://www.microclick.com) in June, 2009. LeadPile reports a record number of Lead Verticals being served by its MicroClick Form with Lead Sellers producing leads in 61 different verticals in the month of June. This makes the LeadPile MicroClick Form the most widely used Multi Vertical Lead Generation Form in the lead Marketplace and Lead Exchange Industry.

To read more, please visit http://www.LeadPile.com/

Behavioral Targeting Legislation In The House

Mari H. — Mon, 22 Jun 2009 14:20:09 +0000

Privacy groups believe that there needs to be legislation in place to protect consumers on the internet. Many are concerned that data collection of consumer’s internet experiences are not fair to the consumers, unless they opt in to allow this behavioral targeting to happen. The FTC was petitioned back in 2007, however now it is at the point of Congress and potentially enacting a new law(s).
Many retailers believe their use of behavioral targeting has allowed them to have an increase in sales. According to one retailer, “Personalizing a Web site [via behavioral targeting] helps an individual with an intent to find what they are looking for and helps the site owner deliver more content that is relevant to the individual, said Pete Olson, VP of product management at Amadesa.” The new potential legislation is looking at having the consumer “allow” such tracking of their internet behavior. Yahoo has argued that a consumer’s privacy should be respected in order to build trust with their consumers. Yahoo is doing it’s own regulatory data collecting by only keeping consumer’s data for 90 days. However, not all businesses are wanting to implement their own “rules”, therefore legislation seems to be the only way to protect consumer’s rights.
Leadpile will keep an eye on what happens with this potential legislation.

Lawmakers Possibly Stepping In With Online Firms

Mari H. — Fri, 13 Mar 2009 14:48:29 +0000

Everything too good to be true.. probably is. Now all those that were looking to jump in on the online lead generation business, might have someone up above to face. According to internetnews.com, “A top U.S. lawmaker in the U.S. House of Representatives on Wednesday said he is working to develop a bill to impose mandatory guidelines on Internet companies to protect user privacy, because the current voluntary approach is falling short. ” Privacy advocates are worried that online activity is potentially jeopardizing consumers private information, and there are no regulations to govern it.
Leadpile Lead Exchange believes in only doing the right thing and not jeopardizing consumers information in ANY way. There are a lot of people out there trying to make a quick buck on hot topics in the news, and unfortunately consumers are not always as guarded with their personal information as they should be. Lawmakers stepping in on this industry could lead to some of those not being able to take advantage of consumers, however them stepping in could also create a lot more “red tape” for those doing the right thing. Thoughts?

FTC Releases Updated Self-Regulatory Principles for Online Behavioral Advertising

Mari H. — Thu, 19 Feb 2009 04:57:30 +0000

An updated report has been rolled out protecting the privacy of consumers online. Behavioral targeting is something a lot of website owners, search engines and other online advertisers do to determine certain information about consumers online activities. This report was originally rolled out in November 2007, however there was a need to make some updates to the report.

One of the changes made allows websites owners to utilize consumers information for their own website marketing, however they can not share the consumer’s personal information for other gain. According to DMNews, the report also discusses the potential benefits of behavioral advertising to consumers, such as the free online content that advertising tends to support, as well as the benefits of personalization.” So there is maybe some benefits to behavioral advertising?
The bottom line with this revised report is that the FTC is trying to make sure that consumers are protected while searching online. However, at this point the “leash” is very loose, and it appears the FTC is trying to let the online advertising industry handle this on their own. Furthermore, I am sure there will be some sort of intervention if consumer’s personal information continues to be violated.
Leadpile Lead Exchange believes in protecting consumers information in a way that those that are not supposed to have the consumers personal information do not. We generate thousands of leads per day, and are adamant on making sure we protect each and every one of those consumer’s private information.

Ask.com and Symantec – Norton Firewall/Antivirus

Eugen I. — Tue, 03 Feb 2009 05:16:19 +0000

Ask.com has closed a deal with Symantec (Norton software), where ask.com will provide the consumers a toolbar with search feature, displaying Ask results. So far, no matter how inovative Ask.com tools were, they couldn’t get a major market share in the Search space. With this new deal, it will become more interesting to watch their evolution. They seem to follow the same approach as Yahoo, when they signed a deal with McAfee.
The consumers will have the search tool integrated inside their toolbar, provided by Norton in their new release due Tuesday.

Payday Loans: Whose Responsibility Is It?

Mari H. — Mon, 05 Jan 2009 14:17:13 +0000

The new year is here and there still is a credit crisis that Americans are trying to figure out how they are going to get through. Many of my other posts talk about credit and ways to know your financial situation, therefore you know what you are getting into with any “new” loans etc. One way some get through these problems is with a payday loan/cash advance. Payday loans get a lot of negative publicity because many feel they are not an “appropriate” way to get out of a temporary situation. Each consumer has their own way of fixing their financial situation, but I thought this quote was pretty interesting in regards to payday loans (Payday Pundit).

How much debt a person has does not determine whether a payday loan is a good idea for them. If the loan enables them to repair their car so they don’t lose their job or saves them from eviction, then it’s a good idea even if they owe a million bucks. And it’s also a good idea even if it just saves them a few dollars in alternative fees that they would otherwise have to pay. People know their individual circumstances and are in a better position to know if a loan is good for them than the lender or any government formula put together by activists and politicians who want to pride themselves on how they are protecting us from ourselves.

Every loan is a gamble on the part of both lender and borrower, and nobody can ever guarantee that any loan can ever be repaid. If both the lender and the borrower mutually agree that the transaction is likely to further their interests, then who are you or any government agency to tell them that they can’t engage in it? If the lenders are tricking people into expecting one thing but delivering another that of course is deception which should be stopped, but apart from that, BUTT OUT, MAN!

If lenders have a responsibility to investigate the finances of people who apply for loans to make sure they can afford them then so do all other merchants and service providers. Is that the kind of society you want to live in? When you are the one who has to get government permission to purchase a product or service then you may feel differently about making politicians our parents instead of our servants.