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Amazon has confirmed plans to take on Google Checkout and PayPal with the launch of a rival payment system for etailers.
Dubbed the Amazon Flexible Payment Service (FPS), the system forms part of the etailer’s Web Services programme and allows firms to create checkout facilities with a set of developer tools.
Etailing giant Amazon is reportedly close to launching an online payment system to rival Google Checkout and eBay’s PayPal.
TechCrunch reports that the move would extend the etailer’s existing Amazon Payments service, which is used by third party sellers on its site.
Amazon's second quarter profits have more than tripled thanks to a combination of increased sales and a reduction in technology spending.
The company's share price rose by 21% yesterday in response to the news, with Amazon raising its full year income forecasts.
Zlio, the French startup which let its users set up DIY online shops, has announced that it has received $4m (£2m) in funding from Mangrove Capital Partners.
Users of Zlio can personalise and stock their shops from a choice of around 3m items. Affiliate commission is then earned on every sale referred from a Zlio shop.
The forthcoming final Harry Potter book has become Amazon's most ever pre-ordered item - and the pre-ordering isn't finished yet.
Amazon has extended its controversial patent on "1-Click" shopping to include items bought as gifts for others.
The original 1999 patent allowed customers to purchase products with just one click after entering their address and credit card details for upfront storage. but drew fire including a boycott when Amazon sued rival Barnes & Noble for using a similar method.
Amazon has expanded its investment in Chinese Internet company Joyo.com, which the company bought for $75m in 2004.
Zlio, a French startup which lets users set up their own DIY shops, has suffered a blow, as e-commerce giant Amazon has stopped Zlio shopkeepers from listing its products.
Interestingly, this ban only applies to the US, and Zlio shopkeepers in Europe will still be able to list Amazon's products. Zlio users set up their own DIY shops and earn affiliate commission on the products they sell.
Amazon has confirmed plans to open a music download store later this year, offering all songs free of DRM copyright protection.
London-based digital photography site dpreview.com has been bought by Amazon in a deal showing the value of trusted reviews on niche products.
Started as a hobby site nine years ago, dpreview specialises in independent reviews of digital cameras and accessories, as well as discussions forums and buyers’ guides.