Late last week, Amazon Web Services revealed its latest B2B initiative through a collaboration with Infosys to help the enterprise ditch legacy IT systems and migrate to the cloud. Already, AWS is at it again with its corporate solutions, though this time with a different...
Amazon did something this week it hasn’t done in a long time: posted a profit for four quarters in row. And it did so this time around in style, taking Wall Street by surprise. All in all, Amazon had some pretty big numbers that showed...
Amazon’s earnings finally made Wall Street happy. Which, they don’t always do — even if the company does make a profit. For instance, when Amazon posted a Q4 2015 profit of $482 million, lower than expected, its stock dipped 13 percent in post-trading hours. Fast forward to...
“Open Sesame” was the magical phrase that a poor mythical woodcutter named Ali Baba uttered to open the door of a secret cave in which 40 thieves had hidden bags of gold. The power of his voice, and using the right words, gave him access...
A federal judge has ruled on the side of the FTC in a case about Amazon charging customers for making in-app purchases. These particular purchases were made in-app and were made when children were using their parents’ accounts, but according to the lawsuit, Amazon billed...
“Omnichannel is dead,” says Amazon VP of Payments Patrick Gauthier. Instead, the future of commerce, he believes, is all about connected devices and the personalization that can be enabled via those devices and less about the dichotomy of offline and online. “Moving forward, it’s all...
While it’s not clear just what form it will take, Amazon seems to be approaching some sort of watershed moment in the next few years. Not only are its logistics costs ballooning, but its Web services and media divisions are growing past what any pundit...
About three weeks ago, at Innovation Project 2016, Amazon’s VP of External Payments, Patrick Gauthier, dropped a big hint about the direction that Amazon might be taking payments outside of Amazon itself. It was then during an interview with PYMNTS that he referenced the concept...
Amazon announced a new program today (April 4) designed to expand Amazon Payments into more eCommerce merchants’ websites. What this means is that Amazon is making a big push to enable eCommerce platform providers and developers to add the option for their customers to “Pay with...
