In today’s top news in payments, Amazon applied for a patent for hand recognition software, and retail sales reached new heights thanks to record online spending. Also, China is planning to build its blockchain cross-border pilot program. Amazon Seeks Patent For Hand Recognition Amazon applied...
On Jan. 18, MPD CEO Karen Webster wrote a column titled “Massive Online Retail Data Error Uncovered” that pulls together how the Census undercounts eCommerce sales. Taking from the research of her colleagues at MPD, economists Drs. David S. Evans and Richard Schmalensee, and data analytics...
June 09, 2023
When it comes to the share of online retail spend, there’s only one champion. Per the retailers’ recent earnings, Amazon far outpaces Walmart in eCommerce sales. PYMNTS’ proprietary research, created by combining data gathered from Amazon and Walmart earnings reports and U.S. Census Bureau numbers, illustrates the significant gap between the world’s largest two retailers. […]
