News Topic: Amazon
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Amazon jumps on the the buy now/pay later train
Amazon takes page from Walmart's playbook to fight Visa's fees
Beyond the rumors: Amazon's likely direction in crypto
Amazon job posting hints at plan to accept cryptocurrency
Walmart taps American Express veteran to run membership plan
Amazon explores replacing JPMorgan in credit card tie-up
Amazon seeks expert in blockchain, distributed finance
Even Amazon isn't big enough to issue its own currency: Richmond Fed
Amazon-Berkshire-JPMorgan health venture to shut next month
The planned shutdown of Haven at the end of next month marks the close of an ambitious effort that brought together titans of technology and finance but struggled to demonstrate meaningful results. ... Read full article
Credit union members' Prime Day spending up 51%: CO-OP
The payments company reported a substantial increase in both credit and debit card usage for the annual shopping event as the pandemic has made consumers even more comfortable with online purchases. ... Read full article
Week ahead: Amazon Prime Day, NCUA board meeting
Credit unions' credit and debit card portfolios could see a surge this week as the online retailer offers two days of deals, while the industry's regulator is set for a cybersecurity update. ... Read full article
Congress's scrutiny of tech giants could be blessing and curse for banks
House Democrats’ antitrust reform plan intended to rein in companies like Amazon and Google could help level the regulatory playing field between the banking industry and its digital competitors. It could also revive calls to break up financial behemoths. ... Read full article
The risks and rewards of partnering with Amazon
Banks can capitalize on Amazon’s ambitions by teaming up to launch financial products and services aimed at coveted customer segments. But they should beware the legal and regulatory pitfalls. ... Read full article
There's no replacing the human touch of branch banking
The coronavirus pandemic has forced some branches to close, but demand for in-person advice remains strong. ... Read full article
Citi’s new credit card perk gives Amazon edge in winning big orders
Citigroup plans to let credit-card customers finance big purchases on Amazon.com over longer periods of time — a deal that may spur sales at the e-commerce giant while boosting the bank’s interest-bearing balances. ... Read full article
Retailers, tech giants shouldn't get ILCs. Especially now.
For too long, nonbanks have been allowed to form industrial loan companies to operate as banks without Fed oversight. This regulatory pass should not be given during a crisis. ... Read full article
Amazon, Goldman will offer small-business lines of credit
The venture with Goldman Sachs represents the first time Amazon has let a third party control the underwriting process of one of its financing offerings. ... Read full article
Even with FDIC endorsement, fintechs' path to becoming banks is bumpy
Recent steps that would help nonbank lenders enter the traditional banking system, like a proposal clarifying the industrial loan company charter, are needed but face strong opposition. ... Read full article
SoFi hires exec from Amazon to lead deposit, card businesses
The addition of Maria Renz shows how much emphasis the San Francisco fintech is putting on operations and customer experience. ... Read full article