How can greenID decrease my cost of customer acquisition?
Minimising the number of exceptions could impact the cost of customer acquisition. Other greenID clients have noted significant reductions. Potential cost reductions include: • reduced origination costs. Allowing customers to act on their own interest while at your website by confirming their identity should improve conversion factors as it is a “one and done” process for the customer – available all day, everyday. • lower direct account application process costs by avoiding multi-step paper exchange where there is also a low level of consumer compliance and follow-up cost.
