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Today in Data: Amazon’s Powerful Presence

PYMNTS

Amazon is a powerful presence in the retail industry. There’s no doubt about the magnitude of the effect it has had on retail and the players in it. Almost every day in the news cycle, there is a mention of the eCommerce giant, whether it’s one of their own announcements or someone comparing an aspect of the retail industry to it.

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Oros Takes Activewear Into The Space Age

PYMNTS

Investors in the seed round include Sonny Vu, the founder and former CEO of Misfit Wearables; Eric Dobkin, a former partner at Goldman Sachs known as “the Father of the Modern IPO”; NCT Ventures in Columbus; and Listen Ventures, a brand-focused venture capital firm based in Chicago.

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Whole Paycheck Tracker: Accelerating Automation To Capture Consumer Spend

PYMNTS

Robotics and automation were areas of focus for both retailers this week as they seek to upgrade their operations in an effort to capture more consumer spend. The move comes as cities and states are passing bans on cashless retail establishments, on the argument that such retail discriminates against unbanked consumers.

Taxes 100
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Peapod And Alexa Deliver Greater Grocery Ordering Convenience

PYMNTS

Its online grocery shopping services were provided in partnership with Chicago’s Jewel supermarket, Columbus, Ohio’s Kroger, San Francisco’s Safeway and Houston’s Randall’s. The eCommerce giant reportedly plans to invest $500 million in the food segment as it capitalizes on increasing Internet penetration in the country.

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Gonzo Notes from Money20/20

Gonzobanker

We are rotating the team, as Misters Kilmer and Weikart reported that rehab from BAI Retail Delivery is taking a bit longer than estimated.) Brian Mooney, CEO of Merchant Customer Exchange (MCX), also used his stage time to talk about the pilot under way in Columbus, Ohio, with many merchants. Innovation on the merchant side.

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Hard Knocks Edition: MCX, EMV And Square

PYMNTS

Utilizing unique feedback from the marketplace and our Columbus pilot, MCX has made a decision to concentrate more heavily in the immediate term on other aspects of our business, including working with financial institutions, like our partnership with Chase, to enable and scale mobile payment solutions.

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