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This week, Global Payments’ announced their acquisition of Heartland Payment Systems for $4.3B. The Strawhecker Group (TSG) has since put together an analysis of the acquisition from the US merchant acquiring perspective. Additionally, a …

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Billion-dollar day: ‘Cyber Monday’ was biggest in history

Submitted by Andrew Nuss on December 1, 2010 – 11:00 amNo Comment
Billion-dollar day: ‘Cyber Monday’ was biggest in history Retweet

CNN – Monday lived up to the holiday-season hype, becoming the biggest online shopping day in history, according to Web analytics company comScore.

Just over $1 billion was estimated to have been spent online in the United States on Monday, comScore said, making it the first internet-shopping day to cross that threshold.

That’s a 16-percent increase over last year’s spending.

“Cyber Monday was a historic day for e-commerce … ,” said comScore chairman Gian Fulgoni. “The online holiday shopping season has clearly gotten off to a very strong start, which is welcome news.”

If that number holds up, it would be the first time “Cyber Monday,” a shopping day ginned up by an internet shopping site five years ago, actually lived up to its billing.

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