Amazon may release a bank card reader for smartphones

Amazon, reported online sources, plans to release a special accessory for smartphones, with which users will be able to make payments through credit cards.

We are talking about a compact reader that can be connected to cellular phones via a standard headphone jack. Appear to support the reader will be integrated in a recently submitted application Amazon Wallet – service to manage payments.

This program accumulates data on gift cards user loyalty programs in which it participates, and various membership cards. Information is synchronized with the network cloud.
«Thus, releasing a mobile bank card reader, Amazon will come out on the path of competition with services like PayPal Here and Square.» According to reports, Amazon officially unveil the reader in August. The cost of this accessory will be approximately $ 10. Apparently, the device will be focused primarily on small businesses and small retailers. It will allow to receive payments from cardholders popular systems such as Visa, MasterCard and American Express.

A few days ago Amazon has reported on the work of the second fiscal quarter ended June 30, 2014. The company's revenue has grown at an annual rate of 23% – to $ 19.34 billion. At the same time, the net loss was $ 126 million, or $ 0.27 per share. For comparison, in the second quarter of 2013 the company lost $ 7 million, or $ 0.02 per security.