SOURCE: TRUSTe

September 20, 2007 09:00 ET

TRUSTe Privacy Seal Boosts Conversions for E-LOAN

SAN FRANCISCO, CA--(Marketwire - September 20, 2007) - TRUSTe, the non-profit organization dedicated to protecting online consumer privacy, announced today the results of a study examining the impact of the TRUSTe privacy seal on conversions for online lending company E-LOAN. The study confirmed that displaying the TRUSTe seal on the application form had a positive impact on the number of completed transactions.

On behalf of E-LOAN, Offermatica conducted A/B testing of the seal's efficacy, presenting the form with the seal to certain users and a form without the seal to others filling out applications on E-LOAN's Web site. When the TRUSTe seal was present, E-LOAN saw a 3-5 percent bump in application conversions. The results prompted E-LOAN to place the seal on application forms across the Web site, and they are currently testing various trust-messaging and seal placement in email and newsletter marketing campaigns.

"We proudly display the TRUSTe seal on our site to signify to customers that their privacy is a top priority for us," said Tess Koleczek, chief privacy officer of E-LOAN. "As a financial services organization, it is extremely important to us that our customers trust us 100 percent with their information. By taking every measure possible to earn their trust and then displaying the TRUSTe seal, we have seen an increase in our application conversions as a result."

"Many C-level executives don't make the bridge between privacy and the bottom line," said Carolyn Hodge, marketing director of TRUSTe. "In addition to contributing to an honest and open Internet atmosphere, privacy certification and trustmarks can improve customer acquisition, retention and can have an actual impact on your sales as the E-LOAN test clearly demonstrates.

Editor's Note: Yesterday, representatives from TRUSTe, Offermatica and E-LOAN conducted a Webinar titled "Privacy Impacts Purchasing: Top Ways Companies Can Use Online Testing and Privacy Seals to Improve Privacy Practices and Increase Sales." To download the Webinar, please visit www.truste.org.

About TRUSTe:

TRUSTe helps consumers and businesses identify trustworthy online organizations through its Web Privacy Seal, Email Privacy Seal and Trusted Download Programs. An independent, nonprofit organization celebrating its 10th anniversary in 2007, TRUSTe certifies more than 2,400 Web sites, including the major internet portals and leading brands such as AOL, eBay, IBM, Intuit, Microsoft and Oracle. TRUSTe resolves thousands of individual privacy disputes every year. To learn more about internet privacy visit www.truste.org.

Contact Information

  • Media Contact:
    Morgan McDowell
    blast! PR on behalf of TRUSTe
    919-833-9975 x 12
    Email Contact