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March 28, 2024
On the web
Amazon One Launches New App to Scan Your Palm for Checkout
TechCrunch
March 21, 2024
On the web
Amazon Supports ‘Just Walk Out’ in Australia, Canada With Stripe
Chain Store Age
February 26, 2024
On the web
Amazon Pay Secures Payment Aggregator Licence From RBI
The Economic Times
February 1, 2024
On the web
Amazon Alexa Subscription Model Could Be Delayed
MediaPost
January 12, 2024
Top Post
Amazon’s Just Walk Out Technology Rolls Out to Hospitals, With ‘Badge Pay’ for Doctors, Nurses, and Health Care Staff
Amazon
December 7, 2023
On the web
Amazon Ends Acceptance of Venmo as Payment Method
OPP.Today
November 7, 2023
On the web
Affirm Ventures into B2B BNPL with Amazon Business
Tearsheet
November 2, 2023
On the web
Amazon Extends Buy Now, Pay Later to Business Customers
Chain Store Age
September 20, 2023
On the web
Amazon’s New Just Walk Out Cashierless Checkout System Uses RFID Tags to Track Apparel Purchases
TechCrunch
September 18, 2023
On the web
AWS Banks Expanded Collaboration with NatWest Group
ERP Today
September 6, 2023
On the wires
Crunch Fitness Becomes First Gym to Enable Amazon One Palm-Based Entry For Its Members
PR Newswire
August 31, 2023
On the wires
Amazon Announces App Integration for Merchants to Enable Buy with Prime on Shopify Stores
Business Wire
August 18, 2023
On the web
Amazon Expands Flex Payment Options for Amazon Pay
Chain Store Age
August 15, 2023
On the web
Amazon Joins Forces With Ripple, Embracing XRP For Swift Global Payments
TronWeekly
Amazon Wants You to Pay With Your Palm. It’s a Sneak Attack on Apple and Google
WSJ
June 22, 2023
On the web
Amazon Is Accused Of Enrolling Consumers Into Prime Without Consent And Making It Hard To Cancel
Barchart.com
June 7, 2023
On the web
Amazon Pay Adds Affirm, Providing Customers and Merchants with Another Flexible Payment Option
Yahoo Finance
May 24, 2023
On the web
Amazon One Rolls Out Age Verification, So Now You Can Buy Beer and Alcohol with Just Your Palm
US About Amazon
March 22, 2023
On the web
Amazon and Panera Team Up to Help You Pay for Orders and Access Rewards with Just the Palm of your Hand
US About Amazon
January 31, 2023
On the wires
EU Studying Whether Big Tech Should Pay Network Costs -EU Document
Reuters
January 23, 2023
On the web
Stripe Signs Deal to Process More of Amazon’s Payments
The Irish Times
Irish-founded payments technology company Stripe has signed an expanded deal with Amazon that will see the fintech process more of the online retailer’s payments. The new agreement will see Stripe become a strategic payments partner for Amazon in the US, Europe and Canada, processing payments for Prime, Audible, Kindle, Amazon Pay, Buy With Prime and other Amazon services. That accounts for a significant part of Amazon’s total payments volume.
January 10, 2023
On the web
Amazon to Widely Launch 'Buy with Prime', Says Offering Improved Merchant Sales
TechCrunch
December 8, 2022
On the web
How Amazon’s Cash Advance Program is Part of a New Wave of Financing
Modern Retail
“Amazon is expanding a new cash advance service for sellers next year, part of a growing crop of short-term financial services catering to e-commerce businesses amid a drop in venture spending. Starting in early 2023, hundreds of thousands Amazon sellers can receive between $500 to $10 million to help cover short-term costs, like inventory. The service, launched in partnership with Parafin and rolled out in a pilot this fall, doesn’t require minimum payments. Instead, the seller makes biweekly payments of 1% to 15% of their sales that period, plus a fixed fee.”
November 30, 2022
On the wires
Inter&Co Joins Amazon’s Payment Service Provider Program
PR Newswire
“Inter&Co, a leading Brazilian Super App offering a complete range of services in banking, investments, credit, insurance, shopping and remittance-related services, announced that it has joined Amazon’s Payment Service Provider (PSP) Program. The program requires any seller who uses PSP for revenue collecting to work with an Amazon-approved provider. Inter’s Brazilian clients – who are sellers with Amazon US -will now be able to receive and send payments directly to their Inter accounts. Amazon launched the program in March 2021 as part of its ongoing efforts to be the most dependable e-commerce marketplace for customers and retailers around the world. The program aims to enhance the ability to detect, prevent, and take action against potential bad actors while protecting customers from fraud and abuse. As of today, the program currently has 28 providers registered by Amazon worldwide, including Inter.”
November 14, 2022
On the web
Amazon Rolls Out Contactless Whole Foods Payment in Dallas (Palm Based)
Chain Store Age
“Amazon is beginning to offer its Amazon One palm payment shopping experience at more Whole Foods Market stores. On Tuesday, Nov. 8, two Whole Foods Market locations in the Irving and Highland Village suburbs of Dallas became the first Whole Foods Market stores in the Dallas area to offer the Amazon One palm-based payment system that allows customers the option to use their palm to pay for purchases. In the coming weeks, all 16 Whole Foods Market locations in the larger Dallas-Fort Worth area will offer the Amazon One palm payment option to its customers. This includes Whole Foods Market stores at Richardson, Dallas, Fort Worth, Plano, Bellingham, Colleyville, University Place, Arlington, Highland Park and Fairview. More than 65 Whole Foods Market stores across California recently rolled out Amazon One following previous launches in Seattle, Austin, and select stores in New York and Los Angeles.”
November 9, 2022
On the web
Amazon Pay Statistics 2022 – Market Share and Web Usage
Enterprise Apps Today
“Amazon being the world’s largest e-commerce website with millions of varied shopping articles has enabled Amazon Pay options for online payment platforms. Technology is stepping into advanced features, not long ago when Amazon was an online shopping site now, we can use it for paying other bills also. What is more exciting is that Alexa and amazon pay work very well together. You can simply ask Alexa to pay the bill and she will do it without you touching the device. This Amazon Pay statistics will give an insight into the features of Amazon Pay, its pros and cons, general statistics, and a comparison between Amazon pay and google pay.”
November 1, 2022
On the wires
Amazon Launches New Merchant Cash Advance Program Provided by Parafin, Doubling Down on Its Support for Small- and Medium-Sized Businesses
Businesswire
“Today, Amazon launched a new financing solution, a merchant cash advance, provided by Parafin–a U.S.-based provider of growth capital for sellers. This secure financing option ties payment on the cash advance to a portion of sellers’ future sales for a fixed capital fee and provides eligible Amazon sellers with easy and quick access to capital when they need it, paired with flexible payment plans. With this program, sellers can access capital in a matter of days with transparent and capped rates, no fixed term, no personal guarantee, no credit checks or excessive paperwork, and no late fees. The program rolls out to some U.S.-based businesses today, and it will be available to hundreds of thousands of eligible sellers by early 2023. This new merchant cash advance, through which eligible businesses can access capital from $500 up to $10 million, provides sellers with financing opportunities to expand their businesses, protect margins, develop new products, grow inventory, and efficiently manage cashflow. A flexible payment schedule is determined by a fixed percentage of the seller’s Gross Merchandise Sales (GMS) until the funding is paid off, with no minimum payments, no interest (only a fixed capital fee), and no collateral required—unlike a traditional loan. Payments are only required during periods that a seller has made sales, and the fixed payment rate ultimately protects them during periods of slow or no sales. This financing option will provide sellers that have been selling on Amazon.com for at least three months with an additional solution for their financial needs alongside the existing financing solutions portfolio of term loans, interest only loans, and lines of credit provided by Amazon and its third-party financing partners.”
October 25, 2022
On the web
Amazon Will Now Let Users Pay With Venmo at Checkout
CNBC
“Amazon announced Tuesday it’s adding Venmo as a payment option at checkout. The feature will begin rolling out in the Amazon app and on amazon.com starting Tuesday, before launching for U.S. users by Black Friday on Nov. 25, Amazon said. Venmo, owned by PayPal, is a popular payment service that allows users to send money to each other. It has increasingly expanded beyond its peer-to-peer functionality, with more online retailers adding Venmo as a form of payment, such as Shopify and Lululemon. Users add their Venmo account as a form of payment on their Amazon account, then select Venmo as their payment option during checkout. The partnership will give Amazon shoppers more options to pay for their order. The company currently accepts credit and debit cards, store cards, HSA and FSA accounts, as well as EBT cards.”
September 23, 2022
On the web
Amazon Launching Affirm’s ‘Buy Now, Pay Later’ Option in Canada
Yahoo Finance
“Amazon customers in Canada will soon be able to pay for their purchases on the website in smaller, monthly instalments as the e-commerce giant expands its partnership with payments company Affirm north of the border. Affirm said on Thursday in a press release that purchases on Amazon.ca of at least $50 will be eligible for the pay-over-time option within the next month if customers select the company as their payment method. Eligibility will be based on a quick approval process and details about the monthly payments, including the repayment timeline, will be displayed prior to checkout, according to Affirm.”
August 10, 2022
On the web
Amazon Expands Whole Foods Contactless Payment Across California
Chain Store Age
“Amazon is making its Amazon One palm payment shopping experience available at a new set of Whole Foods Market stores. More than 65 Whole Foods Market stores across California will soon offer the Amazon One palm-based payment system that allows customers the option to use their palm to pay for purchases. This is the first broad roll out of Amazon One at Whole Foods Market stores following previous launches in Seattle, Austin, and select stores in New York and Los Angeles.”
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