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Google Cloud Assembles Web3 Team to Leverage Emerging Metaverse

May 9 2022

“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 […]

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

April 26 2022

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Amazon

“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 […]

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

March 31 2022

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Amazon

“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 […]

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Amazon Lied About Using Seller Data, Lawmakers Say, Urging DOJ Investigation

March 9 2022

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“Amazon lied to Congress about its use of third-party seller data, the House Judiciary Committee said today. In a letter to the Department of Justice, the committee chairs asked prosecutors to investigate the company for criminal obstruction of Congress.”

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

March 3 2022

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Amazon

“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 […]

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EXCLUSIVE Visa’s Chief Financial Officer Expects to Resolve Fee Row With Amazon

November 19 2021

“Visa (V.N) expects to resolve its credit card fee dispute with Amazon.com Inc (AMZN.O) in Britain and hopes to continue its co-branded credit card partnership with the e-commerce giant in the United States, its Chief Financial Officer told Reuters. Amazon said on Wednesday that it would stop taking payments from Visa credit cards in Britain […]

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

November 18 2021

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“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) […]

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

September 9 2021

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POS

“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 […]

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Amazon Ends Use of Arbitration for Customer Disputes

July 22 2021

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Amazon

“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 […]

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

July 2 2021

“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 […]