Amazon

Apple, Amazon, Facebook and Google Slam Congressional Report Calling for Break-Ups

Apple, Amazon, Facebook and Google Slam Congressional Report Calling for Break-Ups

The country’s four largest tech firms wasted no time pushing back on a congressional antitrust report that suggested Amazon, Apple, Facebook and Google have become too powerful and might need to be broken up.

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Amazon One: Palm Scanner Launched for ‘Secure’ Payments

Amazon One: Palm Scanner Launched for ‘Secure’ Payments

Amazon has announced a new payment system for real-world shops which uses a simple wave of the hand. Its new Amazon One scanner registers an image of the user’s palm, letting them pay by hovering their hand in mid-air “for about a second or so”, it says. The product will be trialled at two of […]

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The Risks and Rewards of Partnering With Amazon

The Risks and Rewards of Partnering With Amazon

News that eight financial institutions have partnered with Google on its forthcoming checking account product shows how urgently banks are responding to tech giants’ push into financial services. Community bankers surveyed last year said tech giants are a bigger threat to their business models than larger banks.

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Amazon Launching Smart Shopping Carts That Eliminate Checkout Line

Amazon Launching Smart Shopping Carts That Eliminate Checkout Line

Amazon is advancing its contactless and cashierless shopping experience with a smart shopping cart, called a Dash Cart, that lets shoppers avoid the checkout line once done shopping. The carts will be deployed this year at a new Amazon grocery store in Los Angeles, California.

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Amazon and Goldman Sachs Are Partnering on a Lending Product for Amazon Sellers Through Marcus

Amazon and Goldman Sachs Are Partnering on a Lending Product for Amazon Sellers Through Marcus

This story was delivered to Insider Intelligence Banking Briefing subscribers earlier this morning. Insider Intelligence publishes hundreds of research reports, charts, and forecasts on the Banking industry with the Banking Briefing. You can learn more about subscribing here.

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Amazon Abandons Plan for Checking Accounts

Amazon Abandons Plan for Checking Accounts

Dive Brief: Tech giant Amazon abandoned its effort to create checking accounts, telling one of its potential banking partners, JPMorgan Chase, it was concerned it would be subject to banking regulations, according to a report from The Information.

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JPMorgan Has a Plan to Help Amazon and Airbnb Look More Like Banks

JPMorgan Has a Plan to Help Amazon and Airbnb Look More Like Banks

JPMorgan Chase has long feared that technology giants will act more and more like banks. The firm’s surprising solution: help them do it.

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Amazon Tests Whole Foods Payment System That Uses Hands as ID

Amazon Tests Whole Foods Payment System That Uses Hands as ID

Forget the titanium Apple Card – Amazon’s latest payment method uses flesh and blood. The e-tailing giant’s engineers are quietly testing scanners that can identify an individual human hand as a way to ring up a sto…

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Amazon Forges Financial Alliances as Bank Execs Brace for Full Invasion

Bank and credit union executives are on a full-blown Amazon watch, anxiously waiting to see if/when the ecommerce company will close in for the kill by launching its own bank or checking account (or partner with a megabank to accomplish the same goal).

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Amazon’s Growing Prime Focus: America’s Poor

Amazon’s Growing Prime Focus: America’s Poor

Amazon is dialing up efforts to win over customers that typically frequent rivals such as Walmart: low-income shoppers.

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Amazon Ventures Further Into Credit Card Industry With Synchrony Partnership

Amazon AMZN opened Monday up over 4 after announcing its new Amazon Store Card Credit Builder. Partnered with Synchrony Bank SYF, the card will be marketed to those with low credit scores who would have a hard time getting a standard credit card from major providers such as Visa V or American Express AXP.

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Amazon’s Newest Credit Card Could Be a Double-edged Sword for People With Bad Credit

Amazons newest credit card is designed to appeal to consumers who are looking to improve their credit score. It comes with an unusual structure and some major caveats. The Amazon Credit Builder card AMZN, +3.96 will function as a secured credit card, but with the same benefits as Amazons Store Card.

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