ECommerce breaks holiday record, need for PCI compliance highlighted

ECommerce breaks holiday record, need for PCI compliance highlighted

New statistics released by comScore show that eCommerce spending for the first 56 days of November and December 2011 brought $35.3 billion spent, a 15 percent increase from the previous year. This large increase in spending each year shows the need for websites that accept credit cards to follow PCI compliance.

"Holiday e-commerce spending has remained strong throughout the season, and we have now reached a record $35 billion in U.S. online sales for the season-to-date," said comScore chairman Gian Fulgoni. "We can now say with certainty that the $1.25 billion spent on Cyber Monday will rank it as the heaviest online spending day of the season for the second consecutive year, but we should also note that it was accompanied by nine other billion dollar spending days this year."

The week ending December 25 alone drew in $2.8 billion in spending, according to the company. This is a 16 percent increase from the previous year.

Businesses that want to take advantage of the growing ecommerce market should make sure they follow PCI DSS guidelines to keep customers' private financial information safe during transactions.