62% of Holiday Shoppers plan to use one Credit Card this Holiday Shopping Season30 November 2020
Generali Global Assistance & Mastercard announce credit card findings from the 4th annual Holiday Shopping ID Theft Survey
Bethesda, Md. – November 30, 2020 – 62% of shoppers plan on using one credit card while shopping this holiday season according to the credit card focused findings of Generali Global Assistance’s (“GGA”) fourth-annual Holiday Shopping ID Theft survey released in conjunction with Mastercard, (NYSE: MA).
86% of consumers plan to do their holiday shopping online, up 21 percent from last year, likely due to the pandemic. At the same time 48% indicated they will shop for the holidays in a brick-and-mortar store, down 15% from last year. Majority of those shoppers (62%) indicated they’ll be relying on one credit card. Interestingly, women (67%) were more likely to use a single card for their holiday shopping when compared to men (57%). Having a card that provides identity theft protection, like the Mastercard® ID Theft Protection™ program, gives cardholders the ability to track their identity risk level and detect potential fraud providing them with one of the most important gifts this holiday season, peace of mind.
Paige Schaffer, CEO, Global Identity and Cyber Protection Services at Generali Global Assistance, commented on today’s news, “The pandemic has created the perfect environment for scammers, who are exploiting uncertainty and our more digitally focused reality. 36% of shoppers we surveyed this year indicated that their credit card provider experiencing a data breach was a top concern this holiday season. Our industry-leading identity theft monitoring and resolution solutions are complimentary for Mastercard credit cardholders giving them peace of mind while they look for stuffing for their stockings this holiday season.”
About Generali Global Assistance
Generali Global Assistance has been a leading provider of identity and cyber protection solutions, travel insurance, and other assistance services for more than 35 years. The Company offers a full suite of innovative, vertically integrated travel insurance and emergency services, identity protection solutions, and beneficiary companion services. Generali Global Assistance is part of the multinational Generali Group, which for over 185 years has created a presence in 60 countries with over 71,000 employees. Our success has been built on the foundation of trust that clients have placed in our ability to provide assistance in the most difficult of circumstances.
To learn more about Generali Global Assistance’s identity & cyber protection offerings, please visit https://www.irisidentityprotection.com/
Mastercard (NYSE: MA), www.mastercard.com, is a technology company in the global payments industry. Our global payments processing network connects consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. Mastercard products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MastercardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.
GGA Media Contact
Jay A. Morakis
M Group Strategic Communications (for Generali Global Assistance North America)