2CO in Entrepreneur Magazine’s Hot 100

Entrepreneur Magazine Ranks 2Checkout.com as One of the Hot 100 Fast-Growth Businesses in the U.S.

From a database of nearly 21 million companies reviewed by Entrepreneur magazine and research provider CentrisPoint, 2Checkout.com was distinguished as one of the nation’s Hot 100 fast-growth businesses. 2Checkout.com ranks #37 overall, #2 with sale totals of 213 million, and is the only e-commerce business to make the list at all! The Hot 100 ranking appears in the May issue of Entrepreneur, on newsstands April 22.

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Baby Boomers and E-Commerce

Upon the creation of e-commerce, purchases were made primarily by young computer savvy males. Even though they still spend a substantial amount of money on the internet, the market has been taken over by a new force. Women are now responsible for over 70% of online buying power, and hundreds of sites have found success by catering to the female shopper.

Now, a new group of online shoppers is growing — The Baby Boomers.

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A Glimpse Into the Future

On May 14, 2007, Jaikumar Vijayan, writing for Computerworld, reported on what may be a look at the future for retailers in the United States.

The article, “Texas mulls bill that would make PCI requirements a state law,” states:

The state’s House of Representatives last week voted 139-0 in favor of a bill that would formally codify PCI requirements into a state law that merchants would be obliged to comply with if passed. Under HB 3222 a breached entity will have to reimburse banks and credit unions the cost associated with blocking and reissuing cards if the merchant was not PCI compliant at the time of the compromise.

Personally, I view a unanimous vote proof that this legislative body is doing more than mulling a legal shift in liability to merchants of the State of Texas. Unless this legislation runs into unexpected opposition in the State Senate then law it will become.

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Getting Ready for Generation Y

I guess it never occurred to me how many baby boomers would be eligible to retire in the next 10 years. I attended a HR seminar (Society of Human Resource Management’s Generalist Program in Las Vegas, April 19-20) a couple of weeks ago and when the instructor shot out the number of 78 million, it took my breath away. Meaning, 78 Million skilled/trained employees we are all highly dependent upon will be leaving the workforce.

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