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To: Impristine who wrote (43340)3/2/1999 8:49:00 AM
From: Glenn D. Rudolph  Respond to of 164684
 
Wells Fargo launches advertising at its ATMs
SAN FRANCISCO, March 1 (Reuters) - Making use of an
audience that is sure to be watching, Wells Fargo said on
Monday it was launching animated advertisements on the screens
of some of its automatic teller banking machines.
Online book and music seller Amazon.com will be the first
to advertise on more than 340 Wells Fargo ATMs in San
Francisco, San Jose, Marin, San Mateo, Contra Costa and Alameda
counties in California, Wells Fargo said.
The San Francisco-based bank said it would gradually roll
out the ad-ready ATMs, called the Media Express ATM Network,
into other areas in some 21 states.
The bank said that AT&T, among other businesses, will begin
advertising later this spring. Ads also will appear on the
backs of transaction receipts.
"As far as we know, we're the first bank in the country to
offer an integrated and targeted marketing concept to outside
businesses through the ATM," said Barry McCarthy, vice
president of Express Banking at Wells Fargo.
When a customer makes a transaction at the ATM, ads will
appear on the "Welcome," "Transaction Processing," and the
"Thank You" screens. Ads and special offers also will be
pre-printed on the back of transaction receipts.
For example, Amazon.com is using the transaction receipt to
offer customers who enroll for Wells Fargo Online Banking a $10
discount off any Amazon.com purchase. Later this spring, AT&T
will use the receipts to offer discounted Internet access.
Because the technology enables faster transaction service
to customers, the advertisements do not lengthen the
transaction time, the company said.
The ads are animated but not interactive, said Wells Fargo
spokeswoman Lisa Rossi. She said that in testing, consumers
seemed to like the idea.
"We found that they didn't have problems with the
advertising. They liked the entertainment at the ATM," Rossi
said.
Rossi would not say how much Wells Fargo would charge for
the ads, nor how much revenue the company expected to generate
from the program. Wells Fargo also said it would donate screen
space to community organizations in the markets where the ATMs
are located. <WFC.N> <AMZN.O>