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/ Technology

Online spending on Visa cards rose 28.3% year over year last week

E-commerce spending on Visa branded cards in the U.S. rose 28.3% year-over-year to $3.2 billion for the week ending Dec. 4, according to Visa U.S.A.’s Holiday SpendTrak report.

Posted 12/06/2005Kurt PetersPost a comment

E-commerce spending on Visa branded cards in the U.S. rose 28.3% year-over-year to $3.2 billion for the week ending Dec. 4, according to Visa U.S.A.’s Holiday SpendTrak report.

/ Technology

Gift cards’ popularity could mean more fraud, GiftCertificates.com warns

As online retailers make it easier for consumers to purchase and redeem gift cards online, they need to also take greater caution to prevent reselling-related fraud, according to Timothy Barefield, CEO of GiftCerticates.com, online seller of gift cards.

Posted 01/18/2005Kurt PetersPost a comment

As online retailers make it easier for consumers to purchase and redeem gift cards online, they need to also take greater caution to prevent reselling-related fraud, according to Timothy Barefield, CEO of GiftCerticates.com, online seller of gift cards.

/ Technology

Fraud hits half of attempts to purchase gift cards online, survey finds

Because they act as cash that can be easily re-sold or used to make purchases, online gift cards have become a favorite target of criminals, says Jeff Foster, executive vice president of Retail Decisions.

Posted 01/06/2005Kurt PetersPost a comment

Because they act as cash that can be easily re-sold or used to make purchases, online gift cards have become a favorite target of criminals, says Jeff Foster, executive vice president of Retail Decisions.

/ Technology

Gift cards could create havoc with online buying, ClearCommerce warns

Online retailers may be inadvertently rejecting valid transactions if they rely on card companies’ Address Verification Services when they process purchases paid with gift cards, payment processing and fraud prevention company ClearCommerce Corp. warns.

Posted 12/21/2004Kurt PetersPost a comment

Online retailers may be inadvertently rejecting valid transactions if they rely on card companies’ Address Verification Services when they process purchases paid with gift cards, payment processing and fraud prevention company ClearCommerce Corp. warns.

/ Technology

Fixing shipping charge glitches boosts gift card sales online

An analysis of last year’s customer behavior on gift card sales shows the abandonment rate as high as 90% for some online retail clients. Understanding why and changing how the charges are displayed and the cards promoted leads to a lift in card sales.

Posted 12/09/2004Kurt PetersPost a comment

An analysis of last year’s customer behavior on gift card sales shows the abandonment rate as high as 90% for some online retail clients. Understanding why and changing how the charges are displayed and the cards promoted leads to a lift in card sales.

/ Technology

Visa reports 28% year-to-year rise in Black Friday online sales

E-commerce transactions on U.S. Visa credit and debit cards on Black Friday, Nov. 26, increased 28.1%, to $234 million from $183 million a year ago, Visa reports. Total Black Friday volume on Visa cards rose 15.5% to $4.136 billion.

Posted 11/30/2004Kurt PetersPost a comment

E-commerce transactions on U.S. Visa credit and debit cards on Black Friday, Nov. 26, increased 28.1%, to $234 million from $183 million a year ago, Visa reports. Total Black Friday volume on Visa cards rose 15.5% to $4.136 billion.

/ Technology

Online sales on Visa cards up 33% year-to-year in first week of November

As holiday spending approaches, online sales transacted on U.S.–based Visa credit and debit cards was $1.96 billion for the week ending Nov. 7. E-commerce transactions rose 24.9% over last year, with the average ticket $78.67.

Posted 11/09/2004Paul DemeryPost a comment

As holiday spending approaches, online sales transacted on U.S.–based Visa credit and debit cards was $1.96 billion for the week ending Nov. 7. E-commerce transactions rose 24.9% over last year, with the average ticket $78.67.

/ Technology

Visa’s e-commerce transaction volume grows 59% year-to-year January-May

Despite the growth of alternative payment methods for online retail commerce like e-checks and invoices, online purchasers continue to use payment cards in growing amounts for e-commerce transactions, Visa reports.

Posted 06/10/2004Kurt PetersPost a comment

Despite the growth of alternative payment methods for online retail commerce like e-checks and invoices, online purchasers continue to use payment cards in growing amounts for e-commerce transactions, Visa reports.

/ Technology

MasterCard says customers want online acceptance of debit cards

A large majority of MasterCard debit cardholders, 84%, who go online say it’s important to them to have multi-channel acceptance for debit card purchases, MasterCard says.

Posted 01/14/2004Paul DemeryPost a comment

A large majority of MasterCard debit cardholders, 84%, who go online say it’s important to them to have multi-channel acceptance for debit card purchases, MasterCard says.

/ Technology

Post-Thanksgiving online sales on Visa cards rise 46%

Online retail sales transactions on Visa cards during the first two days after Thanksgiving rose 46% year-to-year, nearly four times the 12% increase for all offline and online sales on Visa cards, the payment card company reports.

Posted 12/01/2003Kurt PetersPost a comment

Online retail sales transactions on Visa cards during the first two days after Thanksgiving rose 46% year-to-year, nearly four times the 12% increase for all offline and online sales on Visa cards, the payment card company reports.

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