First Data Launches Holiday Insights Dashboard

In New York, transaction processing specialist First Data has launched a dashboard called 'SpendTrend Holiday Insights', providing real-time insights on spending patterns across the US during the holiday season.

First Data's existing SpendTrend solution offers payment information, delivering economic analyses revealing consumer purchasing trends on a monthly and quarterly basis, and during holidays, based on actual sales data. The company serves around 4,000 financial institutions in more than 100 countries around the world, processing more than 3,000 transactions per second and $2.4 trillion per year.

The new dashboard provides data drawn from transaction activity from a subset of the company's processing portfolio. Analysis includes all card-based forms of payment and is based on actual, same-store-sales activity, with growth rates reflecting a year-over-year comparison of season-to-date trends. Insights will also include seasonal growth rates for overall and industry-specific spending categories, geographic spending trends and special events such as Thanksgiving and Black Friday, among others. In addition, the solution will provide a daily ranking of the most active subsectors and a look into dining spend.

Glenn Fodor (pictured), SVP and Head of First Data Insights, comments: 'Using our data platform, First Data provides a view into spending trends across payment types and industry verticals, allowing us to deliver real-time data that helps our clients and partners drive top and bottom line results. Holiday Insights provides real-time information for the upcoming high-volume consumer spending holiday season'.

Web site: www.firstdata.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.