Amazon Rumored to Enter Payment Processing Industry with New Hardware
According to 9to5Mac.com, Amazon may soon be entering the world of payment processing with its own hardware.
Payment processing, or the way retailers accept credit and debit cards for their business, is used to transfer money from the customer to the merchant. Current speculation posits that Amazon is developing their own card reader in order to enter yet another portion of the retail market.
The rumors arose when 9to5Mac.com got hold of internal documents from office supply giant Staples, which showed an item listed as "Amazon Card Reader." The site considers this evidence that Staples will begin stocking the product sometime in August; Staples currently stocks their own card readers, along with ones made by PayPal and Square.
The documents also reveal that Amazon's card readers ...









