Amazon unveils mobile credit card reader

|By:, SA News Editor

Jumping further into the mobile payments market, Amazon (NASDAQ:AMZN) has unveiled a credit card reader to take on devices made by Square, PayPal, and a range of other companies.

The new gadget expands the online retailer's presence in the brick-and-mortar world, and will give the company data on how U.S. consumers shop offline.

Amazon will compete with rivals by charging lower fees per swipe.