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October 8, 2013 09:46 pm GMT
Amazonlaunched a service called Login and Pay with Amazontoday at Money 2020 that lets partner sites enable a payments button that will compete with PayPal and credit cards for customer checkout. This is a direct blow at one of the bigger third-party payment options that consumers have at checkout and an effort by Amazon to capture a huge chunk of the web’s payment business at large. This new service combines Amazon’s long-standing payments services with its relatively new login services to form a new one-stop-shop integration for web payments. Amazon has more than 215 million active customer accounts, Tom Taylor, Vice President, Amazon Payments says in a release today. Login and Pay withAmazonenables companies to make millions of our customers their customers by inviting online shoppers withAmazoncredentials to access their account information safely and securely with a single login. Now, at the end of a checkout process, you’re going to be seeing ‘Pay with Amazon’ buttons alongside credit cards and PayPal buttons: Amazon has been offering payment services for some time, which direct users to Amazon to authorize one-time or recurring payments. Kickstarter is a good example of this, as users log in to Amazon and are charged when rewards ship. Earlier this year, Amazon launched ‘Login with Amazon‘, a developer feature which allowed sites, games and other apps to offer login services using customers’ Amazon IDs. One of the initial partners for the Pay with Amazon rollout is Gogo, which is already using the retailer’s payments system for its in-flight Wifi services. It will integrate the button later this year. Amazon says that the payments system is covered by its ‘A-to-z Guarantee’ that offers buyers the same protection as they get on Amazon.com. This offering takes that one step further by enabling a login process right on the partner site, letting people use their Amazon credentials to authorize a payment. This leverages the trust that people have in the Amazon name to expand Amazon’s third-party payments business. The power of trust is a big one when it comes to payments, and companies like PayPal have been leveraging this to sublimate credit cards for some time. Square has also been making inroads into this with its ‘Pay with Square’ digital wallets and payment code support. Before PayPal snapped it up, Square was said to be interested in acquiring BrainTree, which may have aided it in rolling out its own cross-site
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/YTfJkv_0Eeo/
Amazon's Login and Pay with Amazon' Service Challenges PayPal For The Web's Payment Business
Amazonlaunched a service called Login and Pay with Amazontoday at Money 2020 that lets partner sites enable a payments button that will compete with PayPal and credit cards for customer checkout. This is a direct blow at one of the bigger third-party payment options that consumers have at checkout and an effort by Amazon to capture a huge chunk of the web’s payment business at large. This new service combines Amazon’s long-standing payments services with its relatively new login services to form a new one-stop-shop integration for web payments. Amazon has more than 215 million active customer accounts, Tom Taylor, Vice President, Amazon Payments says in a release today. Login and Pay withAmazonenables companies to make millions of our customers their customers by inviting online shoppers withAmazoncredentials to access their account information safely and securely with a single login. Now, at the end of a checkout process, you’re going to be seeing ‘Pay with Amazon’ buttons alongside credit cards and PayPal buttons: Amazon has been offering payment services for some time, which direct users to Amazon to authorize one-time or recurring payments. Kickstarter is a good example of this, as users log in to Amazon and are charged when rewards ship. Earlier this year, Amazon launched ‘Login with Amazon‘, a developer feature which allowed sites, games and other apps to offer login services using customers’ Amazon IDs. One of the initial partners for the Pay with Amazon rollout is Gogo, which is already using the retailer’s payments system for its in-flight Wifi services. It will integrate the button later this year. Amazon says that the payments system is covered by its ‘A-to-z Guarantee’ that offers buyers the same protection as they get on Amazon.com. This offering takes that one step further by enabling a login process right on the partner site, letting people use their Amazon credentials to authorize a payment. This leverages the trust that people have in the Amazon name to expand Amazon’s third-party payments business. The power of trust is a big one when it comes to payments, and companies like PayPal have been leveraging this to sublimate credit cards for some time. Square has also been making inroads into this with its ‘Pay with Square’ digital wallets and payment code support. Before PayPal snapped it up, Square was said to be interested in acquiring BrainTree, which may have aided it in rolling out its own cross-siteOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/YTfJkv_0Eeo/
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