Amazon has teamed with YouLend to help small businesses in the U.K. gain financing in a tough lending environment. The partnership between the retail giant and embedded financing platform, announced Tuesday (June 20), gives merchants cash advances linked to their sales, letting them make repayments as they...
After more than a year, Amazon’s $1 billion logistics fund is reportedly 90% unspent. The retail giant unveiled the Amazon Industrial Innovation Fund in April 2022, with the goal of investing in companies working to “incrementally increase delivery speed” and improve the experience of employees in the...
America’s telecom giants say they have no plans to work with Amazon to offer low-cost wireless to Prime members. A report Friday (June 2) by Bloomberg News said Amazon was in talks with Verizon Communications, T-Mobile US and Dish Network on a plan to offer Prime...
Amazon, the world’s largest online retailer, is reportedly in talks with several wireless carriers to offer its Prime subscribers low-cost or even free nationwide mobile phone service. The company is negotiating with Verizon Communications, T-Mobile US and Dish Network to secure wholesale prices, with the...
Amazon Vice President, North America Customer Fulfillment Melissa Nick will reportedly leave the company June 16. Nick will be the latest in a series of executives who have left the company over the past year, CNBC reported Thursday (June 1). In a statement provided to PYMNTS, Barbara Agrait, an Amazon...
Amazon is beginning to use artificial intelligence (AI) to spot damaged items before they are shipped to customers. The company has implemented the new technology at two fulfillment centers and plans to add it to 10 more locations, The Wall Street Journal (WSJ) reported Wednesday (May 31)....
Amazon’s Ring business unit has reached a settlement with the Federal Trade Commission (FTC) regarding its privacy and security practices. The proposed order, which must be approved by a federal court, will require the home security camera company to delete data products from videos it...
Amazon appears to be trying out new ways to insert its technology into the restaurant ordering experience — part of the eCommerce giant’s bid for digital dominance across all aspects of consumers’ day-to-day routines. In India, the company is reportedly rolling out Amazon Pay for...
In an effort to remove friction from alcohol purchases at Just Walk Out locations, and in turn to boost adoption and customer frequency, Amazon is integrating age verification into its Amazon One palm payment technology. The eCommerce giant announced Monday that it is rolling out a...
