Amazon on Wednesday unveiled a new mobile-payment service that could bring the online retail giant into local businesses and threaten rival companies like Square and eBay’s PayPal. Amazon Local Register would allow local businesses to accept credit and debit card transactions from a smartphone or tablet. It requires users to download a new mobile app and attach an Amazon-provided card reader to their mobile device. Square and PayPal provide similar services.
Amazon is taking on Square and PayPal with a new credit card reader
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