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Sunday, December 23, 2007

Major Online Retailers Hit Sales High on Dec. 18

Americans rushed to the Web on Tuesday, Dec. 18 to complete their 2007 online holiday shopping as Christmas delivery deadlines loomed, resulting in a single-day Chase Paymentech Pulse Index high of $169 million in sales and more than 3 million orders. This notable sales spike is more than 42 percent higher than Friday, December
15th, the peak Pulse Index shopping day in 2006.

Since the start of the 2007 holiday season, the Chase Paymentech Pulse Index has tracked online holiday spending at 10 of the top 30 online retailers as ranked by Internet Retailer magazine. To date, more than $4.7 billion has been spent online
with these merchants, totaling 91 million orders.

"We continue to see tremendous growth in sales and transaction volumes from Pulse Index merchants, which is representative of the sector's performance as a whole," says Michael Duffy, president and chief executive officer, Chase Paymentech. "This year, eRetailers have aggressively promoted free shipping and other incentives and it's clear that savvy shoppers have taken advantage of these promotions during the
peak pre-Christmas period."

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