Amazon set to dabble in mobile payments, report suggests

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According to a report filed by Bloomberg, online retail giant Amazon is toying with the idea of launching a mobile payments service. Citing two anonymous sources, the publication notes that the service would “let consumers pay for goods in brick-and-mortar stores using their mobile phones.” Amazon is purportedly testing payment technologies based on NFC (Near Field Communications) in an effort to expand its Payments service. This is the company’s latest venture into the mobile world. Amazon officially opened its Appstore for Android on March 22nd and its Cloud Drive music storage/streaming service on March 29th. The company has not made any public statements about future plans involving mobile payments or NFC.

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3 Comments
  • Newtonj

    First sounds good apple will have a beter way though

  • Jon

    I’m all for tech, but I just don’t see how NFC is going to be more convenient than a credit card. So I pill out my phone and pat with that and then the store clerk looks at me and says, “Sir, can I please see your i.d.?” So now I still have to to take out my wallet, and if I lose my phone I have to contact all of my creditors the same as I would if I lose my wallet.

    • Jon

      Pill=pull and pat=pay. Sorry, I new to touch screen keyboards. :)

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