Amazon Takes Swipe At Square With New Card Reader
Amazon.com (AMZN), in its biggest move in payments to date, said Wednesday that it is offering a secure card reader and mobile app that lets small merchants process digital point-of-sale transactions. Called Amazon Local Register, it competes directly with similar offerings from Square, eBay’s (EBAY) PayPal, Intuit (INTU) and VeriFone Systems (PAY). The product can accept credit and debit cards loaded on smartphones or tablets. This includes Apple…