Hopefully there were some “takeaways” at your Thanksgiving — along the lines of turkey, pie, stuffing, and more, making for some nice leftovers for the long holiday weekend. But if those “takeaways” have been eaten up, we have a few more now that some of the returns are in on shopping and consumer trends with this season’s official Black Friday/Cyber Monday kickoff:
Category: AVP Solutions News and Events
Economic Snapshot: A Bit More “Gravy” This Thanksgiving
While there are always certain bedrock things to be thankful for this time of year — one’s loved ones, good health, warm food on the table — a couple of holiday-themed articles this week underscore that there may be more to give thanks for, this fall, on the economic side, too. Certainly when compared to the more recent Thanksgivings since “The Great Recession.”
The Wallets, They Are A-Changin’
The Wallets, They Are A-Changin’ It’s That Time of Year It’s the time of year where customers are encouraged to…
Holiday Shopping Kicks Off to Record Sales — In China!
Black Friday may not quite be here yet, but in Canada, Thanksgiving has already come and gone, and in China — well, there they’re setting records already for online holiday shopping. We refer to the just-concluded “Singles Day,” in China, which comes on 11/11 — the idea being that all those “ones” emphasize “single-ness.” As Bloomberg News describes it “Singles’ Day, a Chinese twist on Valentine’s Day, was invented by students in the 1990s… When written numerically, the date is reminiscent of bare branches, the Chinese expression for bachelors and spinsters.”
The Road Ahead for Payments: Yellow Bricks, or Leaking Digits?
As our readers already know, changes are coming to the world of credit cards. Chief among those, as a new article in Wired states, are EMV cards, which “have an embedded microchip that authenticates the card as a legitimate bank card to prevent hackers from embossing stolen card data onto blank cards to use it for fraudulent transactions. The chip contains the same data that traditionally is stored on a card’s magnetic stripe, but also has a certificate used to digitally sign each transaction.
Halloween Spending, Holiday Trends — and Goodbye, Cash?
The Boston Globe says it succinctly: “Consumers may still be holding tight to their wallets after the recession, but there’s at least one occasion that doesn’t appear to have them spooked: Halloween.”
President Signs “BuySecure” Initiative For Consumer Card Fraud Protection
With data breaches become weekly occurances (if not more — the latest chain to be hit since our last post is Staples), the White House has attempted to step into the “breach” itself, with the signing of a new executive order that is part of a larger “BuySecure” initiative.
MasterCard Tips, the Final Chapter (Pt. III)
“First there was Heartbleed, then Shellshock, and now Poodle, yet another serious security vulnerability in yet another widely used piece of software that went unnoticed for years.”
MasterCard Tips on Protecting Yourself — Pt. II
Since we last posted, J.P. Morgan and other banks have joined the “honor roll” of institutions which have been hacked, and had information stolen. According to a recent overview of headline-making hacks in the Washington Post, “J.P. Morgan Chase& Co., America’s largest bank, reassured its customers by saying that there was no evidence that account information, such as passwords and Social Security numbers was compromised.” OK, good. What was compromised? “Names, addresses, phone numbers and e-mail addresses of account holders were accessed.”
