Thanksgiving and Black Friday sales jumped 9.4% year-on-year (YOY) over the two-day period compared to last year’s 3.5% YOY growth during the same period. eCommerce transactions grew 19.8% on Thanksgiving and 12.1% on Black Friday.
The online shopping period following Thanksgiving is the largest online commerce event in America. Americans completed a staggering 93% more online purchases on Cyber Monday compared to regular Mondays.
Globally, Alternative Payment Methods (APMs) inched past card payments for the first time ever with 51% of market share.
It is also likely eWallets will overtake credit cards in the global eCommerce market by 2019.
Toronto-based GoldMoney and BitGold reported another strong month in November adding nearly 90,000 new users.
After an 11% drop in expected holiday spending from $1,014 in 2013 to $900 in 2014, consumers plan to spend 3% more in 2015.
Gemalto’s SafeNet Luna EFT (Electronic Funds Transfer) Payment HSM (Hardware Security Module) now supports new standards from the major credit card networks for secure implementations of contactless payments via mobile phones.
Wells Fargo credit card third quarter outstandings were up 14.1% year-on-year (YOY) to $32.3 billion reflecting new account growth and growth in private label and co-brand outstandings driven by the Dillard’s card portfolio acquisition in the fourth quarter.
WI-based Fiserv reported third quarter revenue of $1313 million compared to $1263 million for 3Q/14 or up 4.0%. Net operating income for 3Q/15 rose 8.6% year-on-year (YOY) from $315 million in 3Q/14 to $342 million for the third quarter.
Western Union (WU) reported third quarter (3Q/15) revenues, on a currency adjusted basis (FX), increased 3% year-on-year (YOY). Net income declined 0.8% YOY to $232.2 million.
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