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Amazon Pay

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Amazon Payments
Type of businessSubsidiary of Amazon.com
Available inEnglish
HeadquartersSeattle, Washington United States
ParentAmazon.com
URLpayments.amazon.com
CommercialYes
RegistrationFree
Current statusActive

Amazon Payments, Inc., is a wholly owned subsidiary of Amazon.com [1] that provides a means to process transactions online. Launched in 2007,[2] Amazon Payments uses the consumer base of Amazon.com and focuses on giving users the same checkout experience available on Amazon.com.

Amazon Payments has several products for consumers, businesses, and developers.

Consumers

Online purchases

Amazon Payments is a way for customers to purchase goods and services from US-based websites using the payment methods in their Amazon.com accounts, such as their Visa or MasterCard. (Currently Amazon.com and Amazon Payments will not accept payment methods such as PayPal or Google Wallet.) At participating vendors, which include Patagonia and Jockey, users can check out using their Amazon account information without needing to re-enter credit card numbers or shipping addresses. Users can also check out with Amazon's 1 Click.

Other discontinued Amazon consumer payment products

  • Amazon TextBuyIt is an SMS-based service which allows users to find items, check prices, or purchase items using their cellular or mobile device. As of October 19, 2011, TextBuyIt has been discontinued.[3]
  • Amazon WebPay is a free service to send or receive money using an e-mail address through the Amazon Payments web page. A US Social Security Number and US billing address are required for activation of WebPay. The service was shut down October 13, 2014.
  • Amazon TextPayMe was a service similar to WebPay, except users can use SMS messages to complete the transaction. The premise behind the service was to allow users to pay each other instantly and securely, without having to carry change or remember IOUs. The service was deprecated in late 2011 and is no longer available.
  • Amazon PayPhrase allowed customers to check out by typing their PayPhrase and their PIN without having to enter any shipping or credit card information. It was accepted at Amazon.com as well as at certain retailers, including Buy.com and J&R Music and Computers. PayPhrase's claim of being additionally secure was controversial.[4] Amazon PayPhrase was discontinued on February 20, 2012.[5]

Businesses

Checkout by Amazon

Checkout by Amazon (CBA) is an e-commerce solution that allows US-based web merchants to accept Amazon account information and use Amazon for payment processing. CBA can manage several aspects of the transaction including order processing, promotional discounts, shipping rates, sales tax calculation, and up-selling. Depending upon the needs of the merchant, CBA can be integrated into the merchant's systems with manual processing (through Seller Central) or through SOAP APIs or downloadable CSV files. CBA also claims to reduce bad debt because of Amazon's fraud detection capabilities.

Amazon Simple Pay -- Discontinued

Amazon Simple Pay (ASP) was a set of payment-only products that allowed US based web merchants to accept Amazon account information and use Amazon for payment-only processing. ASP differed from CBA in that ASP did not handle additional capabilities associated with order processing such as promotions, tax & shipping, and so on. Amazon Simple Pay was discontinued effective June 1, 2015.

Amazon Flexible Payments Service -- Discontinued

Amazon Flexible Payments Service was an Amazon Web Service that allowed the transfer of money between two entities. The service was launched as a limited beta in August 2007, and later in February 2009 was promoted to General Availability,[6] but was retired on June 1, 2015.

GoPago technology acquisition

Amazon in 2013 acquired GoPago’s technology (mPayment) and hired their engineering and product teams.[7] Amazon was interested in the mobile payment business. GoPago’s app allows shoppers to order and pay for goods and services before they arrive at a business.

Security

In September 22, 2010, Amazon published a security advisory [8] regarding a security flaw in its Amazon Payments SDKs. This flaw allows a malicious shopper to shop for free in web stores using those SDKs. Amazon mandated all web stores to upgrade to its new SDKs before Nov. 1, 2010. Amazon acknowledged security researcher Rui Wang for finding this bug. The detail of the flaw is documented in the paper "How to Shop for Free Online - Security Analysis of Cashier-as-a-Service Based Web Stores" by Rui Wang, Shuo Chen, XiaoFeng Wang, and Shaz Qadeer.[9]

See also

References

  1. ^ "Amazon Payments Website". Amazon Payments. 2009-07-22.
  2. ^ "Amazon Payments Launched". August 3, 2007.
  3. ^ "Amazon.com Help". Amazon.com. Retrieved 3 March 2015.
  4. ^ Robert Lemos (2009-11-03). "Can Amazon's PayPhrase Combine Convenience with Security?". Technology Review. Retrieved 2010-05-10.
  5. ^ "Amazon PayPhrase". amazon.com. Retrieved 2012-03-12.
  6. ^ Barr, Jeff (5 February 2009). "Amazon FPS advances to General Availability, tops it with a limited time FREE offer".
  7. ^ "Amazon Bought GoPago's Mobile Payment Tech And Product/Engineering Team, DoubleBeam Bought The POS Business". TechCrunch.
  8. ^ "Amazon Payments Signature Version 2 Validation". 2010-09-22.
  9. ^ Rui Wang; Shuo Chen; XiaoFeng Wang; Shaz Qadeer. "How to Shop for Free Online - Security Analysis of Cashier-as-a-Service Based Web Stores".

External links


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