The holiday season opened on par with 2014, according to new transaction processing data from CO-OP Financial Services.
The electronic payments processor reported 9,421,258 transactions on Cyber Monday, with the morning being especially busy. At 8 a.m. Eastern time on Nov. 30, volume per hour peaked at 775,455 transactions, CO-OP said. Shoppers were especially busy around 10:30 a.m. Eastern as well: Volume per minute peaked at 10:27 a.m., when 14,918 transactions were processed, and volume per second peaked at 10:24:45 a.m. with 258 transactions. Transactions processed by CO-OP include debit, credit, ATM and branch services.
"Our EFT and shared branch transactions by the members of our client credit unions showed a slightly higher volume on Cyber Monday compared to last year," CO-OP President/CEO Stan Hollen said. "This bodes well for December retail buying, since we had a record-breaking year in 2014 with more than three billion transactions, a figure we expect to surpass in 2015."
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CO-OP also said higher numbers during the holiday season may still be yet to come. On Christmas Eve 2014, for example, it hit a single-day high of 10,327,641 transactions.
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