Amazon

Amazon Casts a Long Dark Shadow Over Banking

Bain is once again raising the spectre of the big banking bogeyman that is Amazon, pointing to research which suggests that 65% of Prime subscribers would be prepared to open a bank account with the e-commerce giant.

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“Alexa, Buy Me Stuff!” – Amazon and the Payments Space

Thad Peterson from the Aite Group explains how voice ecommerce has taken a lead in the industry by depicting the evolution of ecommerce The evolution of commerce Until the 1980’s, there were only three ways that consumers could engage in commerce with a merchant: in the store, on the phone, or with a catalog through […]

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Discover’s New CEO Says Amazon Is a Friend to Banks, Not a Foe

As Wall Street keeps a wary eye on Amazon.com Inc.’s possible foray into finance, Discover Financial Services’ new chief executive officer isn’t too worried about technology-based invaders.

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6 Biggest Threats to Alexa Payments

Amazon is coming out with a massive range of Alexa-enabled devices – from high-end speakers to ordinary-looking microwaves – with the goal of building out an ecosystem tied to the company’s massive e-commerce platform.

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Amazon Considering Opening Up to 3,000 Cashierless Stores by 2021

Amazon is considering a plan to open as many as 3,000 new AmazonGo cashierless stores in the next few years, according to people familiar with matter, an aggressive and costly expansion that would threaten convenience chains like 7-Eleven Inc., quick-service sandwich shops like Subway and Panera Bread, and mom-and-pop pizzerias and taco trucks.

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Amazon to Open Checkout-free Store in New York

(Reuters) – Amazon.com Inc said on Friday it plans to open its checkout-free ‘Amazon Go’ grocery store in New York, expanding beyond Seattle where it is headquartered. The Amazon Go store, which has no cashiers and allows shoppers to buy things with the help of a smartphone app, is widely seen as a concept that […]

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Cashierless Checkout: Everything You Need to Know

Amazon Go may be stealing the spotlight, but it is far from alone in the rush to revolutionize in-store checkout through the use of sensors, scanners, mobile devices and more. The ultimate goal of these projects is to reduce lines and increase foot traffic, but they rely on a solid foundation of digital payments technology.

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The Amazonisation of Banking

The Amazonisation of Banking is very different from Amazon being a bank A while back, the Wall Street Journal ran a story about Amazon being in talks with major banks, including JP Morgan, about building what the Journal referred to as a checking-account-like product.

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Are Apple, Amazon and Facebook the Future of Banking?

Watch out, big banks. Silicon Valley is targeting finance as the next industry ripe for disruption. In the not-too-distant-future, Amazon (AMZN) could let customers zap each other cash with Alexa, and then deposit the money in an Amazon-branded checking account.

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Why PayPal’s CEO Does Fear Amazon Entering Mobile Payments

It won’t be easy for Amazon ( AMZN) to take significant share of the surging mobile payments market. But the eCommerce beast will likely give it a whirl. Amazon began offering to pass along discounts it scores on credit card fees to retailers if they use its digital payments services, Bloomberg reported on May 2.

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Amazon.com Is Going All-In on Amazon Pay

Amazon.com, Inc. (Nasdaq: AMZN) is reportedly offering discounts to merchants who use its in-house payments processing service, Amazon Pay. Analysts say Amazon appears to be taking a familiar approach to disrupting the payments industry by sacrificing profits in an effort to gain market share from Paypal Holdings, Inc.

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Amazon Offers Retailers Discounts to Adopt Payment System

Amazon.com Inc. is offering to pass along the discounts it gets on credit-card fees to other retailers if they use its online payments service, according to people with knowledge of the matter, in a new threat to PayPal Holdings Inc. and card-issuing banks.

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