According to a report from Reuters, Amazon is introducing a new payments service today which the company hopes will soon be adopted by startup companies and others offering subscription-based or ... more 
According to a report from Reuters, Amazon is introducing a new payments service today which the company hopes will soon be adopted by startup companies and others offering subscription-based or recurring payments. The service will allow these businessesto tap into Amazon’s over 240 million monthly active users who currently store their credit card information on Amazon.com, then pay for things ranging from music subscriptions to monthly phone bills. The move would put Amazon in closer competition with eBay’s PayPal as well as companies like Braintree, Google Wallet or Stripe, all of which offer subscription billing and recurring payments services to their own customers. less 
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Wochit
Mon, Jun 9, 2014 10:42 AM EDT