Online retail spending in the US was valued at USD43.2 billion for the second quarter, an increase of 15% compared to last year according to comScore’s Q2 2012 report. The report shows that e-commerce in the US is seeing its eleventh consecutive quarter of growth, but comScore chairman Gian Fulgoni remains cautious for the remainder of 2012.
“Although e-commerce remains strong, we are taking a cautious view of the second half of the year in light of some renewed signs of economic uncertainty and a stubbornly high unemployment rate,” he says.
In addition, the report indicated that 42% of e-commerce transactions included free shipping with the top-performing online product categories including computer hardware, apparel and accessories and digital content and subscriptions growing at least 16% in comparison to 2011.
“It’s time to drive through the front window of financial services” – Tandem Bank, Azimo co-founders
An auspicious dinner threw Michael Kent and Ricky Knox together at business school more than a decade ago, laying the foundations of a business partnership that would see the pair create financial tech companies remittance firms Small World FS, Azimo and most recently challenger bank Tandem.
In a week when Sainsbury's finally revealed it will go contactless this year and when Eurovision said it will be cash-free and payment wearable full, it shouldn't come as a surprise that new data from Visa Europe confirms contactless payments' dominance in Europe.
The recent hypothesis that creating economic growth and investment opportunities in many parts of the world is, according to some governments, the responsibility of business – in particular small and medium sized companies (SMEs).
Opportunities to write about the Eurovision Song Contest are far and few between in the world of payments, but that ends today with news Gemalto and Visa are teaming up to hand out contactless payment wristbands at the show this year.