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Companies

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

November 18 2021

“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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Companies

Amazon Ends Use of Arbitration for Customer Disputes

July 22 2021

“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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Companies

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 […]
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Companies

This Year’s Prime Day Broke Sales Records

June 24 2021

“Amazon ( AMZN ) said that Prime Day, held this past Monday and Tuesday, was the biggest two-day sales period for third-party sellers in the company’s history. Amazon said sales from third-party merchants outpaced its own sales.Amazon also said Prime members purchased more than 250 million items worldwide on Prime Day. Robotic vacuums, coffee makers and Crest […]
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Companies

Amazon Launches Its First Cashierless Store in Britain

March 4 2021

“Amazon launched its first checkout-free store in Britain Thursday. Called Amazon Fresh, the store is located in Ealing, London, and will let customers walk in, pick up what they want and walk out again without having to pay at a cash register.   The items appear on a virtual receipt linked to customers’ Amazon accounts […]
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Companies

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

February 11 2021

“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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