Amazon’s Interest in Mobile Payment Highlights Disruptive Phase

  • Mary Wisniewski
  • April 1, 2011
  • 1

With everyone and their mother eying mobile payments, it becomes clear what disruption feels like: competition, buzz, smack talk, opportunity, intensity and many, many unknowns. And today’s NFC-centered scuttlebutt suggesting as the latest possible mobile payments contender makes that disruptive fire even more wild.

Bloomberg reports:

The company’s Amazon Payments unit is exploring whether to start a service based on so-called near-field-communication technology, said the people, who asked not to be named because the project isn’t public. NFC lets devices transmit data such as payment information, loyalty points and coupons by tapping them against specially equipped cash registers.

Amazon will decide its NFC mobile payment course in the next three to five months, reported an undisclosed source to Bloomberg.

Certainly, Amazon has a lot going for it in the mobile payment race, including its recent Amazon Appstore for Android announcement. Still, Google got named as another possible NFC contender just this week and that’s not to mention the likes of Isis, Apple and an entourage of other mobile payment initiatives already shaping up. Saying the space is crowded is like saying Mount Everest is tall.

Everyone is vying for the dough on payment technology that has yet to appeal to the masses. There are no clear winners or losers yet, nor will there be for some time. That’s the essence of disruption.

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Mary joined the Bank Innovation team in 2011 and serves as its editor, blogger and content curator. She covers the commerce, fintech and small business beats. She also oversees RMG’s custom publications, manages the freelancing team and contributes stories for the media company’s print publications. Prior to working at RMG, Mary was the fashion editor at National Jeweler magazine, where she contributed, among other things, coverage of international jewelry shows, Fashion Week, rising gold prices, bloody Burmese gemstones and a Bill Clinton watch junket. Her written work has also appeared in Cracked, Billboard and a number of fashion blogs and business publications. Mary has a BA in Journalism from Pepperdine University in Malibu. She grew up on a dirt road in the suburbs of Detroit and currently lives in New York with two roommates, a record player, an espresso machine and a toy poodle. Mary is endlessly curious and follows anything that grabs her. Current interests include literature, anthropology, travel, essays and fashion. She is fond of good conversation, oceans, startups, dandyism, coffee, cemeteries, Cat Stevens, Gregor von Rezzori, Oscar Wilde and Gidget.

One thought on “Amazon’s Interest in Mobile Payment Highlights Disruptive Phase

  1. Rumors aside, I have to say, Amazon seems to be a very well run company.  Jeff Bezos is right up there with Steve Jobs, John Chambers and Bill Gates to me as far as recognizing opportunities and executing flawlessly.

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