Amazon to Launch Payments Services; Will Compete With PayPal and Google Checkout

It is an extension of the existing Amazon Payments, which allows third parties selling items on Amazon’s extended network to receive payments from buyers. e hear that for now at least this is a redirect service only, like Google Checkout. Users will be redirected to Amazon’s servers to complete the payment and then returned to the original site. PayPal also offers an integrated solution that allows users to remain on the original ecommerce site, an attractive feature for larger partners. he service will also allow sites to use Amazon to manage payments between users, and receive confirmation of transactions. This will be particularly useful for the new crop of online money management services.
http://www.techcrunch.com/2007/08/01/amazon-to-launch-payments-services-will-compete-with-paypal-and-google-checkout/