Skip to main content

Telcos Can Differentiate with Customer Care

Telecommunications customers in the U.S. and U.K. have a loud-and-clear message for their service providers: Customer service matters more than cost.

That's one key finding from a new survey about attitudes toward telecommunications companies. Signaling their frustration over service, 57 percent of those responding said they'd pay $5 more a month if it meant they wouldn't have to wait on hold or talk to multiple CSRs when they contact call centers.

The findings show that "keeping customers happy isn't just about reducing costs," said Michael Matthews, chief marketing officer of the survey's sponsor Amdocs Ltd., in a prepared statement. The survey of 1,000 U.S. and U.K. consumers was conducted by an independent research firm on behalf of Amdocs, which provides customer billing and customer-relationship management software to telecommunications providers including AT&T, Sprint-Nextel and Comcast Corp. The survey was released Feb. 13.

Among the study findings:

* More than 75 percent of respondents said they want online account access to handle tasks like paying bills.
* 50 perccent of U.S. consumers said they would be happy to buy new services from their current telecommunications provider.
* 30 percent of U.S. respondents want providers to offer more than plain-vanilla phone and communications services, with mobile phone ring tones, music downloads and video games most frequently cited. The least-requested addition: TV shows for mobile phones.

Popular posts from this blog

Banking as a Service Gains New Momentum

The BaaS model has been adopted across a wide range of industries due to its ability to streamline financial processes for non-banks and foster innovation. BaaS has several industry-specific use cases, where it creates new revenue streams. Banking as a Service (BaaS) is rapidly emerging as a growth market, allowing non-bank businesses to integrate banking services into their core products and online platforms. As defined by Juniper Research, BaaS is "the delivery and integration of digital banking services by licensed banks, directly into the products of non-banking businesses, commonly through the use of APIs." BaaS Market Development The core idea is that licensed banks can rent out their regulated financial infrastructure through Application Programming Interfaces (APIs) to third-party Fintechs and other interested companies. This enables those organizations to offer banking capabilities like payment processing, account management, and debit or credit card issuance without