Amazon directly competing with Paypal
By Bold Son
vs.
A week and a half ago at the Amazon Independent Online Seller Conference, during a Web Services presentation, someone asked if the Amazon Flexible Payments Service (Amazon FPS) was intended to compete with PayPal. The question’s intent was pretty clear: Does Amazon have something in the works to compete with PayPal? The Amazon execs gave a beautiful response that any politician would be proud of: no, none of these [web services systems up on the Powerpoint slide] are intended to compete with PayPal.
Then what do we find a week later? Amazon Payments.
Nice work, Amazon execs. Transparency and frankness, with just a hint of deception. 