I received an email this morning from Amazon introducing their new Flexible Payment Service (FPS). FPS is described as a web service for accepting payments that developers may use, pushing the complicated pieces over onto the Amazon side.
Having dealt with online payment processing, I'd be very interested in something like this. The size & reputation of Amazon coupled with the technical capability to take the incredible pain out of payment processing will definitely be something to watch.
Reading through the developer documentation briefly, FPS also appears to contain features that might finally blow the lid off of micro-payments.
The email that landed in my inbox is the first mention of this I've heard. I expect to see a lot of buzz around this later on today.
That's an interesting point. If micro-payments became viable as a result of this, Amazon could become the king of a new kind of small business economy. I wonder why Google Checkout or PayPal haven't tried this.
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