{"id":379359,"date":"2020-11-12T07:03:30","date_gmt":"2020-11-12T12:03:30","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=379359"},"modified":"2020-11-12T07:03:30","modified_gmt":"2020-11-12T12:03:30","slug":"ecommerce-transactions-will-soar-during-holiday-shopping-season-as-pandemic-leads-to-more-lockdowns-per-new-data-from-aci-worldwide","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ecommerce-transactions-will-soar-during-holiday-shopping-season-as-pandemic-leads-to-more-lockdowns-per-new-data-from-aci-worldwide\/","title":{"rendered":"eCommerce Transactions Will Soar During Holiday Shopping Season as Pandemic Leads to More Lockdowns, per New Data from ACI Worldwide"},"content":{"rendered":"

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eCommerce Transactions Will Soar During Holiday Shopping Season as Pandemic Leads to More Lockdowns, per New Data from ACI Worldwide<\/b><\/p>\n

As consumers prepare for holiday shopping season, concern over lockdowns drives early shopping with a 53 percent increase in the retail sector in October 2019 vs. 2020 <\/i><\/p>\n

NAPLES, Fla.–(BUSINESS WIRE<\/a>)–
\nNew benchmark data from ACI Worldwide<\/a> (NASDAQ: ACIW), a leading global provider of real-time digital payment software and solutions<\/a>, revealed a 23 percent increase in global eCommerce transactions in October 2020 compared to October 2019. This increase was driven by the retail, gaming, DIY and digital sectors as consumers prepare for further lockdowns. In addition, the data, based on hundreds of millions of eCommerce transactions from global merchants, showed a projected 25 percent increase in volume of transactions for all sectors combined (including those impacted by the pandemic, such as airline and ticketing) in Q4 2020 compared to Q4 2019.\n<\/p>\n

\nACI\u2019s data also showed that the second wave of COVID-19 lockdowns in the EMEA region has already resulted in a more than 100 percent increase in eCommerce transactions in the retail sector from November 1-4, 2020.\n<\/p>\n

\n\u201cWith the U.K. already in another lockdown and the U.S. potentially heading toward one, we\u2019re seeing consumers prepare to hunker down for the holidays and get their shopping done earlier than ever,\u201d said Debbie Guerra, executive vice president, ACI Worldwide. \u201cRelated, merchants are offering deals earlier, which has also driven increases in transaction volumes in October compared to the same time last year. We\u2019re expecting this trend to continue as we move further into the holiday season.\u201d\n<\/p>\n

\nACI\u2019s data from October 2020 showed a slight increase to 4.1 percent in the value of fraud attempts compared to the same period in 2019 as genuine consumers continue to outpace fraudulent consumers.\n<\/p>\n

\nThe gaming sector continued to see record levels of transactions, with a 90 percent increase in October 2020 compared to 2019. Sectors that continue to see a decline in transactions include travel (33%) and ticketing (79%).\n<\/p>\n

\n\u201cLockdowns have led many consumers to cancel any plans to travel\u2014such as holiday getaway vacations\u2014or attend large group gatherings, leading to an even greater decline in airline and ticketing compared to the previous year,\u201d Guerra concluded.\n<\/p>\n

Key Findings:<\/span><\/b><\/p>\n

eCommerce purchasing trends:<\/b><\/p>\n