Report: Amazon Preparing to Offer Kindle-Based Checkout System

Amazon is developing an in-store checkout system based on its Kindle tablet that would mark the online retailer's biggest effort yet to break into the burgeoning mobile payment industry as well as brick-and-mortar stores, according to The Wall Street Journal.

The report states that the checkout system could be coupled with website development and data analysis to provide smaller businesses with a suite of tools. For Amazon, the checkout system would provide a new batch of customer data

This would bring Amazon into direct competition with Square and Paypal, which currently lead the physical mobile payment space. Read more...