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May 31, 2022

On the web

Amazon Opens Its First Clothing Store in Los Angeles

95.5 WSB

“Amazon has expanded in many ways throughout the years, and now the e-commerce giant has launched a brick-and-mortar clothing store. The Amazon Style fashion retail space has opened at The Americana at Brand shopping mall in Los Angeles. The new concept offers a selection of apparel, shoes and accessories. The items featured in the store also have QR codes providing information from sizing to customer ratings, the company said.”

May 9, 2022

On the web

Google Cloud Assembles Web3 Team to Leverage Emerging Metaverse

“Google Cloud Platform is putting together a Web3 specialist team to take advantage of cryptocurrency and blockchain technology. The cloud computing services suite says its new Web3 team will focus on building services for developers running blockchain applications. In addition, the team will also provide blockchain services to enterprises and customers looking to leverage the technology. The new Google Cloud Web3 division, to be helmed by former Citigroup executive James Tromans, already has a descriptive agenda set out. This reportedly includes better management of blockchain nodes as well as software for exploring blockchain data in third-party applications. Back in January, Google already hinted at this specialist division with pre-existing and established partnerships with blockchain projects. The company believes that the emerging metaverse and all its trappings offer so many untapped opportunities to exploit.”

April 26, 2022

On the web

Amazon Go: Inside the New Cashierless Store Moving in to the Suburbs

USA TODAY

“Amazon Go, the tech giant’s cashierless store concept, is ready for its move to the suburbs.  The company is opening a new Go store in Mill Creek, Wash., on Tuesday morning, which it says will target customers living in suburban areas.  Like its other Go stores, customers won’t need to visit a cash register when they’re ready to check out. They grab what they need and leave.”

March 31, 2022

On the web

Amazon Renews Prime Credit Card Tie-up With JPMorgan Chase After Flirting With American Express

CNBC

Amazon has chosen to renew a deal allowing JPMorgan Chase to issue the tech giant’s flagship rewards credit card, ending months of heated negotiations, CNBC has learned. The Amazon Prime Rewards card was one of the industry’s most highly coveted co-brand deals, a rare prize because of the massive scope of Amazon’s loyalty program, with its estimated 150 million U.S. members, according to people with knowledge of the talks.”

March 9, 2022

On the web

March 3, 2022

On the web

Amazon to Shut Its Bookstores and Other Shops As Its Grocery Chain Expands

Reuters

“Amazon.com Inc said on Wednesday it plans to close all 68 of its brick-and-mortar bookstores, pop-ups and shops carrying toys and home goods in the United States and United Kingdom, ending some of its longest-running retail experiments. The news, which Reuters was first to report, marks a turning point for a company that began as an online bookseller and helped drive established rivals such as Borders to bankruptcy. Amazon said it would focus more on its grocery markets and a department store concept going forward.”

November 19, 2021

On the web

November 18, 2021

On the web

Amazon May Drop Visa As Partner on U.S. Credit Card

Reuters

“Amazon.com Inc (AMZN.O) is considering dropping Visa (V.N) as partner on its U.S. co-branded credit card after earlier confirming it would stop accepting Visa credit cards in the United Kingdom as a dispute over payments intensified. The e-commerce giant is in talks with several payment networks including Mastercard Inc (MA.N) , American Express Co (AXP.N) and Visa as part of what it called its standard process for reviewing its co-branded credit card agreement, a spokesperson said.”

September 9, 2021

On the web

Amazon Developing New Point-of-sale System to Attract Small Businesses – Insider

Reuters

“Amazon.com Inc (AMZN.O) is working on a new type of point-of-sale system that can be sold to third-party sellers, Insider reported on Wednesday. The new system can handle both online and offline transactions and can also link to other services including Prime and Flex, the report added, citing an internal document… The move will allow Amazon to compete with Canada’s Shopify (SHOP.TO) and U.S. payments giant PayPal (PYPL.O) , which already offer POS systems for payments for small businesses, that have moved online during the pandemic to boost sales. Project Santos, created by an internal Amazon team to compete with Shopify, is leading the project, the report said.”

July 22, 2021

On the web

Amazon Ends Use of Arbitration for Customer Disputes

The New York Times

“In a brief email to customers, Amazon said anyone using its products would now have to pursue disputes with the company in federal court, rather than go through the private and secretive arbitration process, which critics say puts consumers at a huge disadvantage . “This is a big deal,” said Florencia Marotta-Wurgler, a professor at New York University Law School who focuses on consumer law. “For so long, the tide had been going the other way, with companies adding arbitration clauses to their contracts.””

July 2, 2021

On the web

Amazon Pay Later Hits 2 Million Sign-Ups Mark in India

NDTV Gadgets 360

“Amazon Pay Later has reached the milestone of two million customers who have signed up for the service in a little over a year since its launch, Amazon has announced. The credit service specifically for Amazon India customers was launched in April last year to let them make purchases of essential and high-value items by either paying the price next month or in monthly instalments. Amazon’s offering was designed to take on the likes of LazyPay and Flipkart Pay Later. It was introduced as a rebranding of the Amazon Pay EMI service that debuted in 2018.”

June 24, 2021

On the web

This Year’s Prime Day Broke Sales Records

CNN

“Amazon ( AMZN ) said that Prime Day, held this past Monday and Tuesday, was the biggest two-day sales period for third-party sellers in the company’s history. Amazon said sales from third-party merchants outpaced its own sales.Amazon also said Prime members purchased more than 250 million items worldwide on Prime Day. Robotic vacuums, coffee makers and Crest Whitestrips were some of the top-selling products.”

March 4, 2021

On the web

February 17, 2021

On the web

February 11, 2021

On the web

Amazon Preparing to Launch a ‘Digital Currency’ Project in Mexico – CoinDesk

CoinDesk

“Amazon’s grip on the internet economy appears to be coming for currency next, with the e-commerce giant preparing to launch a “digital currency” project in Mexico. The yet-to-be-announced project, which Amazon sketched out across a series of recent job posts , appears to be an effort to keep lucrative Prime customers eternally plugged into Amazon’s platform.”

November 10, 2020

On the web

November 9, 2020

On the web

Amazon rolls out rewards program that makes it easier for drivers to get work

CNBC

Amazon is launching a rewards program for its legions of Flex delivery drivers that gives them a leg up when it comes to the app’s competitive shift selection process. The company quietly added a section to the Flex website and an app on Apple’s App Store that advertise the program, called Amazon Flex Rewards. The rewards program offers drivers a number of perks, including access to a debit card and the ability to reserve customized delivery shifts.”

October 21, 2020

On the web

Amazon launches a program to pay consumers for their data on non-Amazon purchases

TechCrunch

Amazon has launched a new program that directly pays consumers for information about what they’re purchasing outside of Amazon.com and for responding to short surveys. The program, Amazon Shopper Panel , asks users to send in 10 receipts per month for any purchases made at non-Amazon retailers, including grocery stores, department stores, drug stores and entertainment outlets (if open), like movie theaters, theme parks and restaurants.”

October 5, 2020

On the web

July 14, 2020

On the web

Amazon Supermarket Will Roll Out Fancy New Smart Cart When It Opens

Ars Technica

“The Amazon Dash cart will launch along with the company’s Los Angeles supermarket later this year, the company said today. The smart cart requires a customer to log in to the cart using the Amazon app on their phone, then uses a system of cameras and sensors to take stock of what a shopper puts in the basket. It also has a touchscreen panel on the front handle, so consumers can purchase items that don’t have barcodes, such as fresh produce. When a shopper is done with their grocery trip, they roll the cart out of the “dash lane,” grab their now paid-for groceries, and saunter away.”

June 25, 2020

On the web

June 17, 2020

On the wires

Mastercard Powers Faster, Seamless Online Shopping Experiences for Amazon Customers

“Today, Mastercard announced that Amazon customers in 12 countries across North America, Latin America, Middle East and Europe will have their stored card credentials tokenized. By replacing a consumer’s physical card number with a token, payment information is unique to each individual transaction and can be used only by the merchant that requested it. Amazon will begin using Mastercard tokens for transactions through 2020.”

June 10, 2020

On the web

Amazon Unveils Small Business Credit Line With Goldman in Latest Tie-up Between Tech and Wall Street

CNBC

Amazon is introducing a new digital credit line for U.S.-based merchants with partner bank Goldman Sachs , CNBC has learned exclusively. Small business owners who sell items on the e-commerce giant’s platform will soon be receiving targeted invitations from Goldman’s Marcus brand for credit lines of up to $1 million, according to people with knowledge of the project.”

June 5, 2020

On the web

Amazon in Talks to Buy $2 Billion Stake in Indian Telco Bharti Airtel

Reuters

“Amazon.com is in early-stage talks to buy a stake worth at least $2 billion in Indian mobile operator Bharti Airtel, three people with knowledge of the discussions told Reuters, in a move that could turbocharge India’s digital economy. The planned investment, if completed, would mean Amazon acquiring a roughly 5% stake based on the current market value of Bharti and would give India’s third-largest telecoms company a boost as it seeks to compete against the number one player Reliance Jio.”

February 18, 2020

On the wires

Cardtronics Allpoint+ ATMs Now Enabling Customers to Add Cash to Their Amazon Balance With Amazon Cash

Globalnewswire

Cardtronics , the world’s largest ATM operator, today announced that Amazon customers can now complete Amazon Cash transactions at more than 400 cash-accepting Cardtronics ATMs in the U.S. The ATMs, part of the Allpoint+ Network of surcharge-free deposit-taking ATMs for Allpoint members, operate card-free, allowing Amazon customers to add cash to their Amazon Balance to make future purchases on Amazon’s online store using only the phone number linked to their Amazon account with no added fees.”

January 30, 2020

On the web

Amazon Reports $87.4 Billion in Q4 2019 Revenue: AWS up 34%, Subscriptions up 32%, and ‘other’ up 41%

VentureBeat

“Subscription services were up 32% to $5.24 billion. This segment mainly constitutes Amazon Prime , which the company has expanded to offer deals at places like Whole Foods . Keeping in line with this strategy, Amazon announced today that Prime members now get free delivery through Amazon Fresh, which normally costs $14.99 per month. Amazon Prime membership was the main takeaway that Amazon CEO Jeff Bezos wanted to focus on this quarter. He shared that Amazon now has over 150 million paid Prime members, up from 100 million Prime members in April 2018.”

January 21, 2020

On the wires

January 15, 2020

On the web

Amazon Enters Partnership With Indian Retailer to Sell Online

Card Not Present

“Amazon is partnering with India’s second largest retail chain in an effort to further its reach into the country. The online retail giant said this week it will become the official online sales channel for India’s Future Retail. While Future Retail has more than 1,500 physical stores around India, this will be its first large-scale online sales venture.  The two have entered into a long-term business agreement which will make Amazon India the authorized online sales channel for Future Retail stores. The focus will be on groceries and general merchandise, and fashion and footwear.”

December 19, 2019

On the web

Prime Power: How Amazon Squeezes the Businesses Behind Its Store

The New York Times

“Amazon has transformed the small miracle of each delivery into an expectation of modern life. No car, no shopping list — no planning — required. But to make it all work, Amazon runs a machine that squeezes ever more money out of the hundreds of thousands of companies, from tiny start-ups to giant brands, that put the everything into Amazon’s Everything Store.”

December 17, 2019

On the web

WSJ News Exclusive | Amazon Blocks Sellers From Using FedEx Ground for Prime Shipments

Wall Street Journal

Amazon.com Inc. AMZN +0.67% is blocking its third-party sellers from using FedEx FDX -1.74% Corp.’s ground delivery network for Prime shipments, citing a decline in performance heading into the final stretch of the holiday shopping season. The ban on using FedEx’s Ground and Home services starts this week and will last “until the delivery performance of these ship methods improves,” according to an email Amazon sent Sunday to merchants that was reviewed by The Wall Street Journal.”

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