Wednesday, May 27, 2015Wednesday, May 27, 2015

Amazon unveils card payment reader, challenging Square

Published on Aug 13, 2014 11:07 PM
A file photo shows the Internet site of The US online giant unveiled a new payment card reader for mobile devices on Wednesday, challenging a system pioneered by Square, a payments processor set up in 2010 by Jack Dorsey, one of the founders of Twitter. -- PHOTO: AFP

NEW YORK (AFP) - US online giant Amazon unveiled a new payment card reader for mobile devices on Wednesday in challenging a system pioneered by Square.

The e-commerce giant unveiled its "Amazon Local Register," described as "a secure card reader and mobile app that provides local businesses with the tools they need to quickly and easily accept credit and debit cards from a smartphone or tablet and keep track of their growing business."

The move expands Amazon's efforts to gain a foothold in the payments business in addition to its traditional role as a retailer.

Amazon launched its payment service last year, allowing people to make one-time payments to third parties and later unveiled a system for recurring payments.

Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!