US holiday e-commerce spending is up 14% year on year to USD42.3bn according to latest figures from ComScore (reports StrategyEye). In the holiday period, measured between November 1 and December 31, the biggest percentage rise occurred on December 17, dubbed ‘free shipping day’, when spending increased 76% year on year to hit USD1.01bn.
The report claims that spending on Cyber Monday, the day that follows Black Friday after the Thanksgiving holiday hit a record USD1.47bn, retaining the title for the biggest US e-commerce spend in history during the period.
Judges have picked Clever as the overall winner of the Money 20/20 Hackathon 2016 taking place in Las Vegas.
As the demand for immediate payments implementation grows in the United States, Iliad Solutions have identified one of the largest risks to face the payments industry over the next few years.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.