Abstract
Information search has been identified as the primary reason for Internet use in the UK. It is, therefore, important that companies understand the information requirements of consumers in order to ensure website effectiveness in aiding consumer decision making. This paper explores factors contributing to customer satisfaction and dissatisfaction with current online information provision by retail banks. The research consisted of a two-stage method involving focus groups and a quantitative questionnaire survey of young adult Internet users. Two hundred and fifty three usable questionnaires formed the basis of the quantitative analysis. Factor analysis identified seven key underlying expectation dimensions. An analysis of the most and least important attributes revealed that those contributing to decision-making convenience are preferred over the technological entertainment value of the site. The results provide an indication of the website features and design most likely to attract and retain customers.
Similar content being viewed by others
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
About this article
Cite this article
Waite, K., Harrison, T. Consumer expectations of online information provided by bank websites. J Financ Serv Mark 6, 309–322 (2002). https://doi.org/10.1057/palgrave.fsm.4770061
Revised:
Published:
Issue Date:
DOI: https://doi.org/10.1057/palgrave.fsm.4770061
Keywords
- Information search
- consumer behaviour
- financial services
- Internet
- banking
- customer relations
- e-business
- e-commerce
- financial brokers
- financial engineering
- financial institutions
- financial marketing
- financial models
- financial planning
- financial training
- insurance
- intermediation
- Knowledge management
- management
- marketing
- marketing strategy
- pensions
- services quality
- virtual organisations