Consumer domestic online spending accounts for only 3% of total retail sales
SYDNEY, 20 July 2010 – Australia’s consumer eCommerce market is underdeveloped, lagging both the US and UK markets by approximately three years according to the latest eCommerce analysis issued by consulting company, Frost & Sullivan. Online retail consumer spending in Australia in 2010 is expected to account for approximately five per cent of total retail sales, however if spending on overseas sites is excluded, this drops to around three per cent. In contrast, online as a percentage of total …

Transaction Network Services (NYSE:TNS), a global provider of payment solutions, has integrated PayPal as a payment option within its TNSPay gateway, providing its merchants easy access to PayPal’s 84 million global accounts.
This initiative, which is being rolled out across the Asia Pacific region, allows Australia to be the first country to make the solution readily available to merchants via TNS’ payment gateway. Prior to this integration, businesses on the TNSPay gateway would have to request a custom systems integration to use PayPal.
Over the past five years, transactions through PayPal have …

The annual Online Retailer Expo & Conference is underway this week with over 3,000 delegates registered to discuss the future of e-commerce in Australia and how to bring world class best practice to Australian retailers.
The e-commerce industry in Australia has seen rapid growth over the last year and is forecast to reach $AU33.8 billion by 2012 up from $AU24 billion last year.
In the last six months alone, large Australian retailers such as BigW have extended their presence online, providing a significant boost to the industry. As Australian businesses become increasingly …

VeriSign® Online Fraud Barometer Reveals $1.286 Billion Lost to Online Identity Theft in the Past Twelve Months
Exposing the financial harm that online identity (ID) fraud can cause average Australians, the VeriSign Online Fraud Barometer released today shows that one in 10 Australians that use the Internet (13,710,000 people) have lost an average of $1,000 to criminals and fraudster in the past twelve months.
The VeriSign Online Fraud Barometer, compiled by Galaxy Research, shows that the financial loss over the past twelve months totals a massive …

Amazon is appearing tight-lipped about it’s latest acquisition, Woot.com.  The announcement was made on Woot’s blog a short time ago.  In typical Woot style, the letter from CEO, Matt Rutledge, says a lot, without really saying anything at all…