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.


  • Payvision Expands into Canada - April 14, 2014
    Payvision Expands into CanadaDutch PSP Payvision is enabling cross-border e-commerce for its clients in a growing number of countries. The most recent region into which the Amsterdam-based company has expanded its operations is Canada.
  • Heartbleed Fallout Continues - April 14, 2014
    Heartbleed Fallout ContinuesSince last week, e-commerce, payments and security companies have been reacting to the news of the security vulnerability—dubbed the Heartbleed Bug—uncovered in the OpenSSL encryption standard.

Advertisement


  • Forte Unveils Online Payment Platform - April 10, 2014
    Forte Unveils Online Payment Platform Forte Payment Systems, a provider of online and mobile payment technology, yesterday unveiled an online payment platform that enables e-commerce merchants to accept eCheck payments in addition to traditional card payments.
  • APC Adds minFraud to Product Hub - April 3, 2014
    APC Adds minFraud to Product HubAlpha Payments Cloud this week added minFraud from MaxMind to its APC Product Hub. minFraud is an antifraud software product that offers fraud risk scoring based on IP address, email and device reputation.
  • Colo. ISO Files for IPO - March 31, 2014
    Colo. ISO Files for IPOOn Friday, Mercury Payment Systems announced it has filed registration papers with the Securities and Exchange Commission proposing an initial public offering that could net the company $100 million.
  • Klarna Closes on SOFORT Deal - March 13, 2014
    Klarna Closes on SOFORT DealSwedish online payment provider Klarna said its acquisition of German competitor SOFORT, which was first announced in December, has cleared all regulatory hurdles and is now complete.
  • Congressional Hearings on Breaches Continue - March 10, 2014
    Congressional Hearings on Breaches ContinueCongressional hearings in the wake of the massive security breaches uncovered last December (and the ones still emerging) continued on Thursday as the House Subcommittees on Oversight and Research and Technology had their say on the matter.
  • Sears: No Indication of Breach - Mar. 3, 2014
    Sears: No Indication of BreachChicago-based Sears issued a statement on Friday that said while an internal investigation of its security systems is in progress, “we have found no information based on our review of our systems to date indicating a breach.”


      CyberSource

 


    CNP Expo

 

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