DALLAS--(BUSINESS WIRE)--Chase Paymentech, a leading merchant acquirer and payment processor, today announced season to date results from the Cyber Holiday Pulse Index.
The 2010 Data clearly indicates that holiday shopping season no longer officially begins on Black Friday. Thanks to the 24/7 reality of online commerce, consumers can begin their shopping as soon as they step away from the Thanksgiving table, or even while they wait for the turkey to finish roasting. More than ever, merchants are taking advantage of the online channel to extend shopping hours, and, as seen in the Chase Paymentech Cyber Holiday Pulse Index, consumers are clearly responding. And the spending does not stop as shoppers return to work. Gift buying can continue on Cyber Monday and beyond.
| Pulse Index Results Past Seven Days |
Mouse-over data points to see detailed information. |
The Pulse Index is an annual tracking of online shopping activity during the holiday season. From November through January, Chase Paymentech monitors the daily settlement activity of 50 of the largest 250 Internet retailers, as defined by the Internet Retailer Top 500. The data includes the average ticket, total number of payment transactions and total dollar value processed. The data is taken from transactions crossing Chase Paymentech's processing platforms.
Record Volume Over the Shopping Weekend
The 2010 data clearly indicates that holiday shopping season no longer officially begins on Black Friday. Thanks to the 24/7 reality of online commerce, consumers can begin their shopping as soon as they step away from the Thanksgiving table, or even while they wait for the turkey to finish roasting. More than ever, merchants are taking advantage of the online channel to extend shopping hours, and, as seen in the Chase Paymentech Cyber Holiday Pulse Index, consumers are clearly responding. And the spending does not stop as shoppers return to work. Gift buying can continue on Cyber Monday and beyond.
The 2010 data clearly indicates that holiday shopping season no longer officially begins on Black Friday. Thanks to the 24/7 reality of online commerce, consumers can begin their shopping as soon as they step away from the Thanksgiving table, or even while they wait for the turkey to finish roasting. More than ever, merchants are taking advantage of the online channel to extend shopping hours, and, as seen in the Chase Paymentech Cyber Holiday Pulse Index, consumers are clearly responding. And the spending does not stop as shoppers return to work. Gift buying can continue on Cyber Monday and beyond.
For the five-day period beginning on Black Friday, the Pulse Index indicated a dramatic 37 percent increase in transactions and a 30 percent increase in sales over the same period last year. On Tuesday, when many Cyber Monday purchases actually settled, the Pulse Index set a single-day record for both transactions and settled sales.
For the full holiday season, transactions are up 35 percent, and sales are up 23 percent. The average ticket values remain down, falling 8.6 percent from last year. This may be a symptom of increasing sales of digital goods and of discounting early in the season.
Send feedback about the Cyber Holiday Pulse Index.
For the five-day period beginning on Black Friday, the Pulse Index, which tracks sales and transactions for 50 top e-retailers, indicated a dramatic 37 percent increase in transactions and a 30 percent increase in sales over the same period last year. On Tuesday, when many Cyber Monday purchases actually settled, the Pulse Index set a single-day record for both transactions and settled sales.
For the five-day period beginning on Black Friday, the Pulse Index, which tracks sales and transactions for 50 top e-retailers, indicated a dramatic 37 percent increase in transactions and a 30 percent increase in sales over the same period last year. On Tuesday, when many Cyber Monday purchases actually settled, the Pulse Index set a single-day record for both transactions and settled sales.
For the full holiday season, transactions are up 35 percent, and sales are up 23 percent. The average ticket values remain down, falling 8.6 percent from last year. This may be a symptom of increasing sales of digital goods and of discounting early in the season.
The season has only just begun, and the early numbers are encouraging for merchants with an e-commerce presence. As we move closer to the holidays, keep an eye on the Chase Paymentech Cyber Holiday Pulse Index (http://pulse.chasepaymentech.com) to see if the growth continues.
About the Chase Paymentech Cyber Holiday Pulse Index
Now in its fifth year, the Pulse Index tracks millions of payment transactions daily throughout the holiday season, taken from a sample of 50 of the top U.S. retail Web sites as ranked by Internet Retailer magazine. Unlike other data sources that monitor holiday spending, the Pulse Index data reflects empirical merchant purchase data – it is not a consumer sample, a survey, or an estimate. As the market leader for e-commerce processing, Chase Paymentech is uniquely able to provide this type of information. The Pulse Index data is updated every business day throughout the holiday period, from November 4 through January 6. Insights, analysis and commentary are provided weekly.
About Chase Paymentech
Paymentech, LLC (“Chase Paymentech”), a subsidiary of JPMorgan Chase (JPMC), is a global leader in payment processing and merchant acquiring, capable of authorizing transactions in more than 130 currencies. The company’s proprietary platforms provide access to a wide variety of payment methods, such as credit cards, debit cards, prepaid stored value cards and electronic check processing. In 2009, Chase Paymentech processed 18.0 billion transactions with a value of $409.7 billion, including an estimated half of all global Internet transactions. The company also provides a full set of solutions aimed at accelerating cash flow and managing transaction data. On the Internet or at the point of sale, Chase Paymentech’s unique combination of outstanding service, innovative solutions and financial strength offers solid benefits to companies both large and small. More information can be found at www.chasepaymentech.com.
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