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Online Retail Behemoth’s Monopolistic Tactics Under Fire; RedCloud’s AI-Powered Platform Empowers SMBs

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Amid accusations of monopolistic practices against Amazon by the FTC and 17 state attorneys general, Justin Floyd, CEO of RedCloud®, introduces Open Commerce as a revolutionary alternative. RedCloud’s AI-powered platform empowers small and medium-sized businesses (SMBs) with instant inventory visibility, reducing inefficiencies, and preventing counterfeit goods. Floyd criticizes traditional eCommerce as predatory and calls for a transparent trading system to promote fairness and growth, positioning Open Commerce as a game-changer in online retail.

LONDON, June 10, 2024 /PRNewswire-PRWeb/ — According to Google, a monopoly is “the exclusive possession or control of the supply of or trade in a commodity or service.” In September 2023, the Federal Trade Commission (FTC) and 17 state attorneys general concluded that Amazon, the world’s largest online retailer, fits that bill, alleging in a lawsuit that Amazon is a monopolist that employs anti-competitive and unfair methods to perpetuate its supremacy in the eCommerce domain illegally. (1) Justin Floyd, Founder and CEO of RedCloud, observes, “In the current eCommerce climate, it seems as if there is no real viable alternative to Amazon. But there is: Open Commerce, which is poised to unseat eCommerce as the best way for online retailers to do business. The second generation of eCommerce is here, and it’s time to set this retail revolution in motion.”    

“In the current eCommerce climate, it seems as if there is no real viable alternative to Amazon. But there is: Open Commerce, which is poised to unseat eCommerce as the best way for online retailers to do business.”

The world needs an open and transparent trading system that unlocks the supply chain and empowers businesses to grow and flourish. That system is Open Commerce. RedCloud is on a mission to democratize the way online retail is done. RedCloud’s AI-powered platform cuts through the chaos by providing millions of small and medium-sized businesses (SMBs) with instant visibility of their inventory, helping to resolve inefficiencies and identify and prevent counterfeit goods from entering the supply chain.

Among the FTC’s allegations against the retail giant is Amazon’s “exclusionary conduct” that stifles the growth of current and emerging competitors with “punitive and coercive tactics” and “preventing its current or future rivals from attracting a critical mass of shoppers and sellers.” (1) Third-party sellers, primarily small and medium-sized businesses, are responsible for 60% of Amazon’s total sales. (2) Third-party sellers are Amazon’s most valuable commodity; however, a survey by Marketplace Pulse reports that Amazon siphons off 50% of all third-party sales—a 15% referral fee, a 20% to 35% Fulfillment by Amazon (FBA) fee, and up to 15% for advertising and promotions. (3)

Then there’s “Project Nessie,” an algorithm deployed by Amazon to control pricing. Nessie identified profitable products and raised their prices, encouraging other online retailers to do the same, inflating consumer spend. According to the FTC, Nessie generated over $1 billion in excess profits for Amazon. (4) The FTC lawsuit also points to Amazon’s “anti-discounting strategy” that punishes third-party sellers if they offer lower prices by dropping them so far down the search results hierarchy that they essentially disappear into oblivion. (1)

Reuters examined a trove of Amazon’s documents, including emails, strategy papers, and business plans, revealing a corporate strategy to create knockoffs of its competitors’ products. The internal documents showed that Amazon studied the proprietary data of other brands on its site to identify and copy products as a “reference” or “benchmark.” They replicated the products and then rigged search results to steer consumers to Amazon’s private brands. (5)

Another issue is the proliferation of counterfeit items on Amazon’s platform, which reportedly comprises up to 60% of its products. (6) One study analyzed a whopping 33.5 million reviews for Amazon’s bestselling products and found that 43% of them were fake. (7) Social media influencers can earn over $2,000 per month through Amazon Vine or the Amazon Influencer Program to review and recommend products. (8)
Floyd contends, “Amazon creates an artificial economy for consumers. Its lack of transparency creates an illusion of what it means to shop online. By not providing accurate information, people frequently must buy the same item three times over until they get what they were looking for in the first place. And despite the massive number of products available, consumers actually have fewer choices because they are Amazon’s choices.”

There is a common misconception that most third-party sellers owe their existence solely to Amazon, and there is some truth to that within the framework of traditional eCommerce. However, industry giants are not immune to shifts in consumer behavior. Blockbuster Video, once the unquestioned leader in at-home entertainment, was done in by the convenience, choice, and instant gratification of on-demand streaming services.
Traditional eCommerce is predatory and controlling, solely benefitting big-tech providers who own all the data and try to own the entire supply chain. This centralized model is eradicating small businesses by restricting access to the tools needed to drive growth.

Floyd explains, “Third-party sellers are two million strong. Imagine amassing that strength to turn the tables. It’s all about purchasing power. If you get the purchasing right, then the selling takes care of itself. Open Commerce grants SMBs more autonomy and freedom to engage with trusted trading partners who provide authentic, top-quality products, leveling the playing field of online trade.”

RedCloud’s Intelligent Open Commerce Platform™ gives SMBs the keys to the eCommerce kingdom.

About RedCloud    
RedCloud Technology, founded in 2012, stands as a “Rebel Alliance,” leading a bold, second-generation e-commerce transformation. Rejecting the high fees of tech giants, RedCloud leverages AI-driven supply chain solutions to empower smaller businesses, giving them the tools to compete with major corporations. Their democratized, cloud-based platform provides real-time financial visibility, offering a level playing field that breaks free from the dominance of conventional marketplaces. RedCloud embodies a fairer, more inclusive digital commerce future where Davids can stand tall against Goliaths. For more about RedCloud Technology visit their website at https://redcloudtechnology.com/.

References:

Staff in the Office of Technology and The Division of Privacy and Identity Protection. “FTC Sues Amazon for Illegally Maintaining Monopoly Power.” Federal Trade Commission, 5 Dec. 2023, ftc.gov/news-events/news/press-releases/2023/09/ftc-sues-amazon-illegally-maintaining-monopoly-power.Pymnts. “Amazon Says Third-Party Sellers Drive 60% of eCommerce Sales.” PYMNTS.Com, 24 May 2023, pymnts.com/amazon/2023/amazon-independent-sellers-make-up-60percent-of-ecommerce-sales/.Amazon Is Taking Half of Third-Party Seller Revenue – Thestreet, thestreet.com/investing/heres-how-much-amazon-takes-from-every-third-party-sale. Accessed 15 May 2024.Press, Associated. “Amazon Used an Algorithm to Essentially Raise Prices on Other Sites, FTC Says.” Maryland Daily Record, 2 Nov. 2023, thedailyrecord.com/2023/11/02/amazon-used-algorithm-to-secretly-raise-prices-and-destroyed-internal-messages-ftc-says/#:~:text=Amazon%20used%20a%20secret%20algorithm,against%20the%20e%2Dcommerce%20giantAmazon Copied Products and Rigged Search Results, Documents Show, reuters.com/investigates/special-report/amazon-india-rigging/. Accessed 15 May 2024.Sravanthi Munagapati Sravanthi works as a Marketing Manager at SellerApp. She helped successful D2C brands launch. “A Quick Guide on Amazon Counterfeit Products 2023.” SellerApp Blog, 26 Oct. 2023, sellerapp.com/blog/amazon-counterfeit-products/.Millions of Amazon Reviews Fake, Study Finds | Cybernews, cybernews.com/security/millions-amazon-reviews-fake/. Accessed 15 May 2024.Loper, Nick. “7 Real Ways to Get Paid for Amazon Reviews in 2024: $2000+/Mo.” Side Hustle Nation, 15 Mar. 2024, sidehustlenation.com/get-paid-for-amazon-reviews/.

Media Inquiries:
Karla Jo Helms
JOTO PR™
727-777-4619
jotopr.com

Media Contact

Karla Jo Helms, JOTO PR™, 727-777-4629, khelms@jotopr.com, jotopr.com

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BinBase Expands 2026 BIN Dataset with Instant Payout Intelligence for iGaming, Gambling, and Cross-Border Transfers

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BinBase updates its 2026 dataset with specialized Fast Funds, Visa Direct, and Mastercard MoneySend indicators to help iGaming operators and payout platforms execute seamless, instant card disbursements.

MIAMI, July 23, 2026 /PRNewswire-PRWeb/ — BinBase, a global provider of payment routing intelligence and card issuing data, has introduced specialized instant payout indicators as part of its upgraded 2026 BIN Database. Tailored for iGaming operators, online gambling platforms, crypto-to-fiat ramps, and payout aggregators, the updated dataset helps platform engineers streamline real-time card disbursements and Push-to-Card (P2C) transactions.

In high-velocity sectors such as online betting and gaming, instantaneous player payouts are a primary driver of customer retention. However, executing Push-to-Card transactions through protocols like Visa Direct and Mastercard MoneySend requires knowing whether the receiving card issuer supports Fast Funds for specific merchant category codes (MCCs). Attempting instant payouts on non-eligible cards leads to declined transactions, elevated processing fees, and poor user experiences.

The 2026 BinBase release solves this operational bottleneck by delivering dedicated attributes for real-time fund disbursements:

Fast Funds Eligibility: Granular indicators identifying domestic and cross-border Fast Funds support across global Visa and Mastercard ranges.Online Gambling Fast Funds (OG FF): Dedicated flags specifically identifying card ranges authorized to receive real-time gambling and betting payouts.Mastercard MoneySend & Visa Direct Indicators: Precise protocol compatibility markers (MS Ind & MT Ind) ensuring push transactions are routed only to eligible recipient cards.Direct Debit & Pull-Funds Support: Indicators for recurring collections and account-funding transactions.

“Player payouts in iGaming cannot wait for standard 2-to-3-day ACH settlements,” said a spokesperson for Damiko Inc. “By embedding our Fast Funds and Gambling FF flags into their payment engines, operators can instantly validate recipient cards before initiating a transfer, guaranteeing high success rates and instant liquidity for their users.”

Fintech engineers and payout architects can examine the full 29-field database schema and access a free 2026 sample dataset on GitHub.

To explore commercial licensing, bulk database downloads, or custom data feeds, visit BinBase at https://binbase.com.

About Damiko Inc

Damiko Inc is a US-based fintech data provider specializing in card issuer analytics, payment routing data, and global BIN database solutions. Operating through its flagship product, BinBase.com, the company supplies high-precision transaction intelligence to help merchants and payment facilitators worldwide optimize approval rates and mitigate processing fees.

Media Contact
Fedor Lavrikoff, BinBase, 1 7866133334, sales@binbase.com, www.binbase.com 

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Walnut Coding’s Young Coders Serve as ‘Instructors’ at Huawei Cloud Developer Training Camp

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Ages 8 and 15, students showcase AI-era project-building skills from concept to working application

BEIJING, July 23, 2026 /PRNewswire/ — Walnut Coding (the “Company”), a leading online platform for youth coding education, said two of its students – ages 8 and 15 – have joined the “instructor” lineup at Huawei Cloud Developer Training Camp, making them among the youngest “instructors” in the program’s history. The Company cites the pair as a prime example of how young learners can combine coding fundamentals with AI tools to turn ideas into working applications.

The two students, Bolin Du, 8, and Peiqi Gao, 15, built working applications using Huawei Cloud CodeArts, an AI coding assistant, then presented the projects to the training camp themselves – walking the audience through their design choices, technical builds, and debugging process.

The move lands at a moment when AI coding tools are forcing a rethink across the education sector. Tools that can generate functioning code from a plain-language prompt have undercut the traditional argument for teaching children to program – that they need the skill to build things themselves. Walnut Coding’s answer is that the more valuable skill now is judgment – knowing what problem to solve, breaking it into parts, and determining whether an AI’s output actually works.

Gao built a travel-planning application that generates routes, itineraries, and recommendations based on user input, handling the project end to end, from requirements and design through coding and debugging. Du, the younger of the two, built an interactive calendar application, using HTML for page structure, CSS for visual design, and JavaScript for interactive features. Both students then took on an instructor’s role at the camp, presenting their project goals and technical implementation to the audience – a step Walnut Coding says separated the work from a typical classroom assignment.

These were not classroom exercises but working projects, built and presented inside a professional developer-training environment. The experience demanded more from both students than simply producing something functional – they needed to articulate their reasoning, defend technical choices, and refine the final result under scrutiny. Their participation signals a broader shift underway in what youth coding education can deliver.

AI is making code generation easier, but it is also redrawing which skills actually matter. A student who relies only on one-click generation may get a rough prototype quickly, but still struggle to spot logical flaws, judge whether the output is reliable, or turn an abstract idea into a product that actually works. Students with programming foundations, by contrast, are better positioned to define requirements, evaluate what the AI produces, correct its errors, and treat the technology as a tool rather than a shortcut to lean on.

“AI can help children generate code faster, but it cannot decide for them what problem they should solve, nor can it make the final judgment about whether the result is truly effective,” said Pengxuan Zeng, founder and CEO of Walnut Coding. “What these two students demonstrated is not just coding technique, but the ability to define needs, break down tasks, verify outcomes, and turn an idea into a working product. That is why we believe young people still need to learn programming in the AI era.”

Walnut Coding structures its courses around that thesis, pairing student-led project work with teaching-assistant guidance and AI-assisted support. According to the Company, this data is continuously fed back into its systems to refine the personalization of AI-assisted feedback — a closed-loop process linking teaching, practice, feedback, and curriculum development.

The Company frames the payoffs less around producing professional software engineers than around a broader form of literacy. As AI continues to reshape how tasks get done, the ability to understand the technology, structure problems clearly and collaborate effectively with intelligent tools may prove one of the most durable skills a young learner can develop.

Walnut Coding says it plans to keep expanding opportunities for students to build practical projects, partner with industry technology platforms such as Huawei Cloud, and develop the core capabilities needed to build with technology in the AI era.

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MOREH Showcases High-Performance LLM Inference on AMD GPUs at AMD Advancing AI 2026

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SAN FRANCISCO, July 23, 2026 /PRNewswire/ — Moreh, an AI infrastructure software company, led by CEO Gangwon Jo, participated in AMD Advancing AI 2026, AMD’s flagship annual AI event held in San Francisco on July 22–23 (local time), where it demonstrated its distributed inference solution, the MoAI Inference Framework, running on AMD GPUs.

At the event, Moreh presented a live demonstration of the GLM-5.1 large language model (LLM) powered by the MoAI Inference Framework on a system equipped with 32 AMD Instinct™ MI300X GPUs across four nodes. Visitors experienced the chatbot firsthand, evaluating its response speed and service quality while observing performance across a range of real-world use cases.

Unlike conventional demonstrations that simply run an AI model, Moreh’s showcase displayed key inference service metrics in real time, including GPU utilization, Tokens Per Second (TPS), Time To First Token (TTFT), and Time Per Output Token (TPOT). This enabled attendees to directly verify both inference performance and GPU resource efficiency in a production-like service environment.

Global AI industry leaders and enterprise customers attending the event expressed strong interest in the system’s fast response times and stable performance. In particular, the live deployment of the computationally demanding GLM-5.1 model on AMD GPUs at production-grade service levels received positive feedback from visitors.

Moreh’s MoAI Inference Framework is widely recognized as the world’s first commercially deployed distributed inference solution built for the AMD ecosystem. Its distributed inference and heterogeneous computing technologies are designed to dramatically reduce AI service costs, enabling broader adoption of AI worldwide. The technology addresses one of the industry’s biggest challenges-the rapidly rising infrastructure and service costs caused by increasingly larger AI models-by delivering a more efficient inference infrastructure.

Moreh CEO Gangwon Jo stated, “This event provided an opportunity for global customers to verify firsthand that top-tier inference performance can be achieved on AMD GPU environments,” and added “We will continue advancing our AI infrastructure software so enterprises can operate AI services as efficiently as possible, regardless of the underlying GPU platform.”

Moreh develops its own AI infrastructure engine and has expanded its end-to-end AI capabilities through its foundation LLM subsidiary, Motif Technologies, covering both AI infrastructure and foundation models. The company is also strengthening its presence in the global AI market through strategic partnerships with leading technology companies, including AMD and Tenstorrent.

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