COLUMBUS, Ohio, May 11, 2017 /PRNewswire/ -- IDG's CIO recently ranked Alliance Data's card services business (www.knowmoresellmore.com), a premier provider of private label, co-brand and business credit programs, among the 2017 CIO 100. The 30th annual award program recognizes organizations around the world that exemplify the highest level of operational and strategic excellence in information technology (IT).
"Technology innovation and business value have always been at the heart of our CIO 100 awards, which honor the IT organizations thriving on the front lines of the digital revolution," said Maryfran Johnson, editor-in-chief, CIO Events. "This year's winning companies are outstanding examples of how IT leadership, business collaboration and customer engagement are shaping the future."
Alliance Data's card services business received this honor for its proprietary Frictionless Mobile Credit capability. This first-of-its-kind credit card acquisition capability allows shoppers to apply for a store-branded credit card in a matter of seconds from the privacy and security of their mobile device anywhere in their shopping journey. Frictionless Mobile Credit reduces application time by more than 25 percent and the application abandonment rate by more than 95 percent.
"Frictionless Mobile Credit requires a simple text and a few keystrokes, and shoppers are on their way to applying for credit. Through Alliance Data's patent-pending process, a credit application is automatically populated using information from our vast data resources," explained Mike Rosello, chief information officer of Alliance Data's card services business. "This fast, simple, and customer-friendly innovation benefits customers and retailers by adding convenience and saving time. And, because customers know their credit limit earlier in the shopping process, it has been shown to significantly increase first-time purchases."
"We're especially proud of this achievement, as the development of this capability represents the broad customer-focused thinking of our combined marketing and IT teams as part of our ongoing commitment to delivering innovative digital and mobile capabilities that put the customer experience first, building deeper brand loyalty and meaningful value for brand partners," added Jami Dewolf, chief marketing officer of Alliance Data's card services business.
Recipients of this year's CIO 100 Award were selected through a three-step process. First, companies completed an online application form detailing their innovative IT and business initiatives. Next, a team of external judges (many of them former CIOs) reviewed the applications in depth, looking for leading-edge IT practices and measurable results. Finally, CIO editors reviewed the judges' evaluations and selected the final 100.
Alliance Data's card services business will accept the award at the CIO 100 Symposium and Awards Ceremony on August 16 at the Broadmoor Resort in Colorado Springs, Colorado.
CIO from IDG is the premier content and community resource for information technology executives and leaders thriving and prospering in this fast-paced era of IT transformation in the enterprise. The award-winning CIO portfolio--CIO.com, CIO executive programs, CIO Strategic Marketing Services, CIO Forum on LinkedIn, CIO Executive Council and CIO primary research—provides business technology leaders with analysis and insight on information technology trends and a keen understanding of IT's role in achieving business goals. Additionally, CIO provides opportunities for IT solution providers to reach this executive IT audience. The CIO Executive Council is a professional organization of CIOs created to serve as an unbiased and trusted peer advisory group. CIO is published by IDG Enterprise, a subsidiary of IDG. Company information is available at http://www.idgenterprise.com/.
About Alliance Data's card services business
Alliance Data's card services business is a leading provider of tailored marketing and loyalty solutions, delivered through branded credit programs that drive more profitable relationships between our brand partners and their cardmembers. We offer private label, co-brand, and commercial products to many of the world's most recognizable brands across a multitude of channels.
We uphold our Know more. Sell more.® promise by leveraging unmatched customer insights, advanced analytics, and broad-reaching innovative capabilities. It's how we deliver increased sales to our partners, build enduring loyalty to their brands, and provide more value to our cardmembers. Alliance Data's card services business is a proud part of the Alliance Data enterprise. To learn more, visit www.KnowMoreSellMore.com or follow us on Twitter @Know_SellMore.
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SOURCE Alliance Data Card Services