Amazon.com, Inc. (NASDAQ:AMZN) Eyes Payment Processing

Posted by Chris Bell December 18, 2013 0 Comment 2183 views


Amazon.com, Inc. (NASDAQ:AMZN) seems to be passing through the tough holiday season this year. On the one side while it is busy making strategic acquisition to offer in-store, mobile payment services at par with competitors like eBay Inc. (NASDAQ:EBAY) and Apple Inc. (NASDAQ:AAPL) among others; at the other side it is defending a worker’s death at a new Avenel, N.J., fulfillment center alongside facing the employee strike in Germany.

Recent Acquisition

Amazon.com, Inc. (NASDAQ:AMZN) recently announced an acquisition of a startup firm GoPago that offers mobile ordering and payment apps for customers as well as it serves merchants by offering them in-store point-of-sale payment services through mobile devices that run on Google Inc. (NASDAQ:GOOG)‘s Android operating system.

With this acquisition Amazon.com, Inc. (NASDAQ:AMZN) has sent a clear signal out that it is seriously considering to build its payment capabilities to grab more of mobile commerce by extending its services to retail merchants from the recent payments processing limited to its shopping website.

Talking about competitors, eBay Inc. (NASDAQ:EBAY) has recently launched in-store technology called Beacon through its popular PayPal gateway. Beacon allows two-prong communication between retailers and shoppers. Apple Inc. (NASDAQ:AAPL)’s iBeacon was also in headlines which allows to communicate with shoppers in stores through iPhones.

German Protest

Unmet demands for higher pay and a better work environment, forced Amazon.com, Inc. (NASDAQ:AMZN)’s German employees to call for a strike. While the world’s largest online retailer defends that the wages are above-average in the industry, employees are still demanding proper working conditions, regard for their efforts and the right for collective bargaining.

German labor union, Verdi said that workers would strike in Amazon.com, Inc. (NASDAQ:AMZN)’s logistic centers in Bad Hersfeld, Graben and Leipzig. Moreover, a German workers’ delegation will also protest at Amazon’s headquarters in Seattle and is expected to be supported by the U.S. workers unions



About Chris Bell

Chris Bell is an investing reporter for GDP Insider. Chris covers financial markets and Wall Street, concentrating on developments affecting individual investors and their portfolios. Chris is also over consumer reporter and covers a wide variety of issues ranging from housing to immigration to urban poverty. Chris graduated from the University of Scranton with a degree in Communication and Philosophy. Chris's diligent investigations earned him the honor of being named "Best Reporter" once by the Headliners Foundation of Texas and once by the Houston Press Club.

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