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Amazon unveils mobile credit card reader

Aug. 13, 2014 6:17 AM ETAmazon.com, Inc. (AMZN) StockAMZNBy: Yoel Minkoff, SA News Editor12 Comments
  • 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.

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