Black Friday and Cyber Monday Both Grabbed Big Money for Online Retailers

Black Friday and Cyber Monday Both Grabbed Big Money for Online Retailers, Says World Leader in Card Fraud Prevention and Payment Processing, Retail Decisions

NEW YORK--(www.AllPayNews.com)--Retail Decisions (ReD), a payment card issuer and world leader in card fraud prevention and payment processing, reports that the online retail market received a double dose of good news as merchants kicked-off the 2007 Holiday season. Purchase value of goods sold on Black Friday was up 83% and on Cyber Monday was up 80% year on year.

ReD further compared U.S. online shopping activity over the entire holiday weekend between November 23, Black Friday and November 26, Cyber Monday with the previous year. Black Friday