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| Amazon wants to convert your hands into credit cards |
According to the Wall Street Journal report, Amazon plans to create electronic payment terminals that allow customers to pay naked eye in store. The e-commerce giant plans to set up these electronic stations in cafes, fast food restaurants and other places and stores.
Although the Amazon program is still in its infancy, the company started using Visa to test electronic payment terminals and discussed the project with MasterCard, with several card issuers, including JP Morgan Chase, to express interest. For the project. ,
Payments are believed to be made by linking the customer's credit card information with their hands, allowing them to use their hands instead of the phone or card when leaving, as e-commerce explores options for the successful implementation of this method. This includes the following: The payment terminal takes the customer to the card and allows them to wipe their hands to buy things.
In 2018, the company filed a patent for an offline biometric system that includes a portable scanner to create an image from human comfort. The report highlights Amazon's ideas of how to change the way people shop in physical stores and how they work with the store. Credit cards can be more integrated into people's financial lives.
Companies must first address the concerns of credit card companies and customers, how online payment terminals identify fraud, and the amount of personal information the company receives from checks.
Data should be collected from electronic payment terminals in the Amazon cloud and used to study Amazon's spending patterns to enable targeted ads and charge advertisers more fees than they expect. Customers would buy something.
The new Amazon project is the latest example of a technology company entering the financial sector, with Apple introducing the Apple Pay card since 2014 and credit cards since last year.
The company plans to launch a voice payment service called Amazon Pay in 2017, but it will also allow buyers to shop without an accountant or payment station, while Amazon plans to expand its business.