It appears that Amazon is continuing to tinker with a payments platforms. Lets see how their latest attempt works out.
Amazon is introducing a new payments service today, which the company hopes will soon be adopted by startup companies and others offering subscription-based or recurring payments. The service will allow these businesses to tap into Amazon’s over 240 million monthly active users who currently store their credit card information on Amazon.com, then pay for things ranging from music subscriptions to monthly phone bills... The move would put Amazon in closer competition with eBay’s PayPal as well as companies like Braintree, Google Wallet or Stripe, all of which offer subscription billing and recurring payments services to their own customers. It’s also a notable step for Amazon in terms of taking better advantage of the consumer data it has on file to establish a new revenue stream – Amazon will charge a fee on each transaction that comes through the service, like most of its competitors.