On The Web

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Companies

Amazon Acquires Selz, a Shopify Competitor That Helps Small Businesses Build Online Stores

February 17 2021

• in
• Amazon

“Amazon has bought Selz, a company that makes tools to help businesses launch their own online stores. Amazon quietly acquired the e-commerce platform on Jan. 15, but it didn’t publicize the acquisition. Selz announced the deal in a company blog post .”

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Companies

Amazon Preparing to Launch a ‘Digital Currency’ Project in Mexico – CoinDesk

February 11 2021

• in
• Amazon
• Digital currencies

“Amazon’s grip on the internet economy appears to be coming for currency next, with the e-commerce giant preparing to launch a “digital currency” project in Mexico. The yet-to-be-announced project, which Amazon sketched out across a series of recent job posts , appears to be an effort to keep lucrative Prime customers eternally plugged into Amazon’s […]

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Companies

Amazon Charged With Antitrust Violations by European Regulators

November 10 2020

• in
• Amazon
• Antitrust

“European Union regulators brought antitrust charges against Amazon on Tuesday, saying the online retail giant broke competition laws by unfairly using its size and access to data to harm smaller merchants who rely on the company to reach customers.”

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Companies

Amazon rolls out rewards program that makes it easier for drivers to get work

November 9 2020

• in
• Amazon
• Loyalty and rewards

“Amazon is launching a rewards program for its legions of Flex delivery drivers that gives them a leg up when it comes to the app’s competitive shift selection process. The company quietly added a section to the Flex website and an app on Apple’s App Store that advertise the program, called Amazon Flex Rewards. The […]

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Companies

Amazon launches a program to pay consumers for their data on non-Amazon purchases

October 21 2020

• in
• Amazon
• Remote Commerce

“Amazon has launched a new program that directly pays consumers for information about what they’re purchasing outside of Amazon.com and for responding to short surveys. The program, Amazon Shopper Panel , asks users to send in 10 receipts per month for any purchases made at non-Amazon retailers, including grocery stores, department stores, drug stores and […]

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Companies

Amazon Launches Credit Card Bill Payments Feature

October 5 2020

• in
• Amazon
• India

“E-commerce giant Amazon India has launched a new feature where customers can make their credit card bill payments through Amazon Pay. With the new feature, Amazon will join the likes of Paytm, PhonePe and others which offer credit card bill payment option on their app.”

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Companies

Amazon Supermarket Will Roll Out Fancy New Smart Cart When It Opens

July 14 2020

• in
• Amazon

“The Amazon Dash cart will launch along with the company’s Los Angeles supermarket later this year, the company said today. The smart cart requires a customer to log in to the cart using the Amazon app on their phone, then uses a system of cameras and sensors to take stock of what a shopper puts […]

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Companies

Amazon Is One Step Closer to Taking a 16% Stake in UK Food Delivery Firm Deliveroo

June 25 2020

• in
• Amazon

“Amazon’s investment in London-headquartered food delivery start-up Deliveroo is looking increasingly likely to be approved by the U.K. competition regulator.  The Competition and Markets Authority (CMA) announced on Wednesday that it has “provisionally cleared” an Amazon investment that would give it a 16% stake in the company.”

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Companies

Amazon Unveils Small Business Credit Line With Goldman in Latest Tie-up Between Tech and Wall Street

June 10 2020

• in
• Amazon
• Lenders

“Amazon is introducing a new digital credit line for U.S.-based merchants with partner bank Goldman Sachs , CNBC has learned exclusively. Small business owners who sell items on the e-commerce giant’s platform will soon be receiving targeted invitations from Goldman’s Marcus brand for credit lines of up to $1 million, according to people with knowledge […]

On The Wires

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Companies

Mastercard Powers Faster, Seamless Online Shopping Experiences for Amazon Customers

June 17 2020

• in
• Amazon
• Mastercard
• Tokenization

“Today, Mastercard announced that Amazon customers in 12 countries across North America, Latin America, Middle East and Europe will have their stored card credentials tokenized. By replacing a consumer’s physical card number with a token, payment information is unique to each individual transaction and can be used only by the merchant that requested it. Amazon […]