Amazon PayPhrase Offers Secure Online Payments

October 30th, 2009

On Thursday, Amazon Payments rolled out a new feature that could stir up a new level of competition with PayPal and Google Checkout. Dubbed Amazon PayPhrase, the new service is a shortcut for paying on Amazon.com and other web sites.

Online shoppers can choose a customized phrase — such as Knick Knack, Home Sweet Home, or Jake’s Allowance — and then enter that phrase along with a PIN to quickly preview an order and complete a purchase. PayPhrase uses the preferred payment and shipping methods stored at Amazon.com and consumers don’t have to share sensitive payment information with multiple web sites.

Read the rest of my story on Sci-Tech Today.

Entry Filed under: Hot off the Press