Payments News
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Companies

Amazon’s New Multistory Warehouse Aims to Cut Delivery Times

“Amazon.com Inc. has agreed to take space in a first-of-its-kind three-story warehouse, a new type of distribution center that could reduce delivery times in congested cities to hours rather than days. While common in densely-populated Asian and European cities, modern warehouses with multiple floors have been absent until recently in the U.S., where higher land and […]

On The Web

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Companies

Amazon Will Launch New Grocery Store As Alternative to Whole Foods

“Amazon on Monday said it plans to open its first new brand of grocery store in California next year, as it amps up its ambitious push to become a bigger name in food. “Amazon is opening a grocery store in Woodland Hills in 2020,” an Amazon spokesperson confirmed to CNET on Monday morning, soon after […]
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Companies

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

“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 […]
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Companies

Prime Power: How Amazon Squeezes the Businesses Behind Its Store

“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 […]
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Companies

Amazon Enters Partnership With Indian Retailer to Sell Online

“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 […]

On The Wires

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Companies

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

“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 […]
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