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April 3, 2024

On the web

Amazon Removing ‘Just Walk Out"

Chain Store Age

"In an email to Chain Store Age, Amazon spokesperson Jessica Martin confirmed multiple media reports that as part of a broader effort to redesign its Amazon Fresh high-tech grocery banner, the company will remove its “ Just Walk Out ” frictionless, cashierless shopping technology from Amazon Fresh stores."

March 28, 2024

On the web

Amazon One Launches New App to Scan Your Palm for Checkout

TechCrunch

"Amazon announced the launch of its new app for Amazon One, its contactless palm recognition service that allows customers to hover their palm over a device in order to purchase from select places, including more than 500 Whole Foods Market stores, Amazon stores and more than 150 third-party locations."

March 21, 2024

On the web

February 26, 2024

On the web

February 1, 2024

On the web

January 12, 2024

Top Post

December 7, 2023

On the web

November 7, 2023

On the web

November 2, 2023

On the web

September 20, 2023

On the web

September 18, 2023

On the web

AWS Banks Expanded Collaboration with NatWest Group

ERP Today

"Natwest Group has expanded its ongoing collaboration with AWS to accelerate the use of AI, including AWS’s generative AI solutions, to rapidly pursue the bank’s goal of helping ten million people manage their financial well-being per year by the end of 2027...NatWest Group has developed AI models with AWS to help the bank detect if customers might be in the process of being scammed."

September 6, 2023

On the wires

August 31, 2023

On the wires

August 18, 2023

On the web

August 15, 2023

On the web

June 22, 2023

On the web

June 7, 2023

On the web

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

"We launched Amazon One, our palm-based identity service, to remove friction from everyday activities and create a faster and more convenient way for people to pay or enter a location. Customers love the convenience of paying with their palm; however, when it comes to purchasing alcohol, friction is reintroduced as customers must produce a government-issued ID for age verification."

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

"One in five Americans visit a Panera bakery-cafe every quarter—that’s over 66 million Americans dining in or taking away at more than 2,100 Panera locations across the country. Amazon One, our palm recognition service that lets customers enter, identify, and pay, will for the first time provide the additional capability of linking MyPanera loyalty memberships to customers’ Amazon One profiles. Panera is the first restaurant chain to offer Amazon One’s new loyalty linking capability, allowing guests to take full advantage of their MyPanera loyalty program, as well as pay for their purchases with just their palm."

January 31, 2023

On the wires

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

"Amazon.com Inc will widely roll out a feature by end-January that allows online merchants outside its platform to use the e-commerce giant's payment and delivery services, as it takes on rising competition from Canada's Shopify Inc. 'Buy With Prime', which was launched as an invite-only offering in April, will be widely available to U.S.-based merchants by Jan. 31, the company said. It added that the product has increased shopper conversion rate by an average of 25%, meaning that many more people placed an order when 'Buy with Prime' was available versus when it was not."

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.”

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