Advertisement

Holiday Online Spending to Rise Again

Oct. 25, 2010

Spending online will continue to increase this holiday season, according to research commissioned by online alternative payment company eBillme. The Rye Brook, N.Y. company’s quarterly Online Spending Index found that during the fourth quarter, consumers are planning to spend an average of $283.68 online, a 3 percent increase over Q4 2009. The Index also said 38 percent of consumers plan to spend more online for holiday gifts this year, a 9 percent increase over last year. “While consumer spending remains cautious for the holidays, our Index shows opportunities for the online retail sector,” says Marwan Forzley, president and CEO of eBillme. “More consumers will turn to the Internet for holiday shopping this year putting online retailers in a better position to attract customers and sales. The fact that 33 percent of consumers shopped without credit cards last year is evidence that consumers are approaching holiday shopping differently. They are saving and spending within their means rather than following the buy now pay later mantra. We expect to see similar shopping habits this year as the number of consumers preferring cash over credit continues to increase.” The Index polls 1,200 consumers to measure projected online spending for the quarter and the influencing factors.



Advertisement


  • Samsung Launches Samsung Pay - March 5, 2015
    Samsung Launches Samsung Pay

    Samsung this week launched its in-store mobile payment solution that looks and sounds a lot like Apple Pay, but its inclusion of technology from its new acquisition LoopPay may give it the edge in the short term.

  • Report: West Virginia Hospitable for CNP Fraudsters - March 2, 2015
    Report: West Virginia Hospitable 

for CNP Fraudsters

    In a state-by-state comparison in the U.S., a new report found West Virginia topped the list for the highest percentage of residents who had been victimized by fraud and for the state with the most fake IP addresses used by fraudsters to perpetrate card-not-present fraud.

  • Uber Confirms Driver Database Hacked - March 2, 2015
    Uber Confirms Driver Database Hacked

    On Friday, Uber acknowledged a data security breach that affected 50,000 of its drivers and said in it had become aware of the breach in September of 2014 and that the intrusion itself occurred on May 13, 2014.

  • ACI to Keep and Develop ReD Shield - Feb. 5, 2015
    ACI to Keep and Develop ReD Shield

    Florida-based processor ACI Worldwide this week said it has "confirmed its commitment" to the continuing development of the antifraud technology it inherited in its August acquisition of software provider ReD.

  • Cook: 2015 'Year of Apple Pay' - Feb. 2, 2015
    Cook: 2015 ‘Year of Apple Pay’

    Apple CEO Tim Cook said Apple Pay now accounts for more than two thirds of all dollars spent on in-store contactless payments across the three biggest U.S. card networks and called 2015 "the year of Apple Pay

Advertisement

 

 

Sign Up Today Free

Receive the twice weekly CNP Report and monthly feature articles providing in-depth examinations of global CNP issues.

Please take a moment and register.
* First Name:

* Last Name:

* Password:

* Confirm Pwd:

* Email:

* Category:

Company:

 
Captcha
Answer:

 

 

CNP Archive

Researching companies or people in the CNP industry? Search our past coverage for targeted news and information.

Search here