Cyber Monday Retail Sales, Mobile Payments Advance From 2010
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Online retail sales and payments made by mobile phone increased from a year earlier as shoppers flocked to the Web for deals and made purchases via wireless handsets on the first Monday after Thanksgiving.
Sales over the Internet increased 15 percent as of 6 p.m. New York time on so-called Cyber Monday, compared with a year earlier, according to International Business Machines Corp. Mobile payment volume increased more than sixfold, or by 514 percent, as of 2 p.m., said PayPal, a division of EBay Inc.