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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 in Talks to Buy $2 Billion Stake in Indian Telco Bharti Airtel

“Amazon.com is in early-stage talks to buy a stake worth at least $2 billion in Indian mobile operator Bharti Airtel, three people with knowledge of the discussions told Reuters, in a move that could turbocharge India’s digital economy. The planned investment, if completed, would mean Amazon acquiring a roughly 5% stake based on the current […]
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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

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

“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 […]
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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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Companies

Mastercard Powers Faster, Seamless Online Shopping Experiences for Amazon Customers

“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 […]
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