No thanks, stay here.  

  We notice you are visiting from a U.S. Internet provider. Switch to our U.S. website.

Industry News

Chase tracks holiday online shopping trends

By Lauren Lindberg

19/11/2010 - Chase Paymentech recently launched its annual Cyber Holiday Pulse Index, which tracks payment transactions at the top 50 U.S. retail websites, according to Internet Retailer magazine.

This will be the fifth year that Chase Paymentech monitors online shopping payment processing throughout the holiday. Online merchant data is updated every business day from November 4 through January 6, with analysis provided on a weekly basis. The Cyber Holiday Pulse Index also features historical context and yearly trends.

According to the Index, the overall holiday online sales volume increased in 2009, demonstrating growth, however, the average amount per sale declined.

"As the economy recovers and retail sales return to growth, ecommerce has shown remarkable resilience," said Mike Duffy, president of Chase Paymentech. "The Pulse Index helps ecommerce businesses see that strength and monitor the health of the online market throughout the season."

Duffy anticipates that online sales will continue to grow this holiday season, noting that the merchants which the Pulse Index follows have experienced increasing sales and transactions at higher rates compared to the same time last year. 

Related News - Credit Card Processing

Canadian Tire reports profit increase

11/05/2012

Canadian Tire, one of the country's largest retailers, recently reported strong gains in revenue and same-store sales for the first quarter, according to Reuters.

Full Article

Mother's Day gifts expected to drive consumer spending

07/05/2012

According to the Bank of Montreal's (BMO) 2012 Mother's Day Survey, 73 percent of consumers plan on buying gifts for their mother's this year, driving sales at retailers' and restaurants' point-of-sale terminals.

Full Article

Tips for businesses to encourage payment processing

07/05/2012

Return policies are actually quite problematic for merchants, especially those selling products and services online, according to Internet Retailer.

Full Article

Payment processing on the rise, cash use drops

04/05/2012

It seems that customers are seamlessly making the transition from cash to cards for payment processing, as both Visa and MasterCard announced increased earnings during the first quarter.

Full Article