Amazon is expanding into mPOS and P2P transfers

Amazon is planning to add P2P Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term and POS solutions in addition to its Ecommerce marketplace and payment solutions.

Ecommerce juggernaut Amazon recently posted a job listing for a Senior Technical Program Manager. The job description requires for a program manager to join a team at Amazon who are working on bringing “Ecommerce to commerce” with a new array of products, with “One of these products being person-to-person (P2P) payments.”

Earlier today the Wall Street Journal reported Amazon would take on mPOS service providers like Square and Isis with a POS version of its Kindle tablets. The technology for the POS terminals would be from the recently acquired GoPago. The move would put Amazon, the biggest online retailer in the US, in the realm of physical brick and mortar stores.

While Amazon POS terminals might put the company up against firms like Square, P2P transfers and remittance would position the company head-to-head with well-established firms like PayPal which offer both services. It is believed the P2P service will be a feature on the Amazon’s upcoming smartphone, due later this year. As a leader in Ecommerce and online payments, the phones are believed to be payment oriented much like the Kindle tablets. One would suggest the P2P service would eventually be available on Android and iOS devices later on, if not at launch.

In other news, Amazon has filed a patent for a service which will predict a shopper's preference of products, and ship items prior to being ordered.

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