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


  • Supreme Court Will Not Hear Durbin Case - Jan. 22, 2015
    Supreme Court Will Not Hear Durbin Case

    The U.S. Supreme court yesterday declined to review an appellate decision affirming the caps on debit interchange and network routing requirements formulated under the Durbin Amendment to the 2010 Wall Street reform package.

  • President Unveils Sweeping Cybersecurity Initiative - Jan. 15, 2015
    President Unveils Sweeping Cybersecurity Initiative

    On Tuesday, President Obama unveiled a comprehensive package of cybersecurity legislation that features incentives for private/public information sharing, criminalizing certain cybercrime-related activities and implementing a national standard for breach notification.

  • EU Agrees to Interchange Legislation Including Caps - Dec. 22, 2014
    EU Agrees to Interchange Legislation Including Caps

    The most recent chapter in efforts to cap interchange fees in Europe ended last week when the European legislators reached an agreement in principle with member nations capping cross-border interchange fees at 0.2 percent per debit-card transaction and 0.3 percent per credit-card transaction.

  • Alibaba Threatening Main Street? - Dec. 18, 2014
    Alibaba Threatening Main Street?

    The Alliance for Main Street Fairness (StandWithMainStreet.com) has produced a television ad warning that, after its enormous IPO, Chinese e-commerce company Alibaba.com will take advantage of current tax law to "decimate local retailers."

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