December 23, 2003, 12:00 AM

VeriSign reports holiday online transactions rise 39%

The number of online consumer payment transactions processed by VeriSign rose 39% year-to-year for Thanksgiving through Dec. 16, to 23.6 million, VeriSign says. Average value per transaction increased 16% to $142.

 

The number of online consumer payment transactions processed by VeriSign rose 39% year-to-year for Thanksgiving through Dec. 16, to 23.6 million from 16.9 million, VeriSign reports.

VeriSign, which processes payments for more than 100,000 online merchants, also noted that the value of those transactions rose 22.5%, to $3.54 billion from $2.89 billion. It added that the average value per transaction is up 16%, to $142 from $122.

"We`re seeing record numbers of online shopping activity across the board this holiday season," says Trevor Healy, vice president of VeriSign Payment Services. "We`re seeing bigger average transactions, more overall transactions, and more overall customers using the Internet to purchase merchandise online this year. The Internet continues to serve growing numbers of consumers and businesses who recognize it as a safe, convenient method for transacting and online shopping is therefore slowly grabbing a larger share of the overall holiday economy."

VeriSign’s busiest day for consumer online payment transactions during the Thanksgiving-Dec. 16 period was Dec. 1, the Monday after Thanksgiving, with 1.68 million transactions, VeriSign said.

 

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