Amazon Launches Mobile Payment System, Local Register

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Amazon has entered the mobile payment market with Local Register, a plug-in card reader that is set to compete with Square and Paypal Here. The shopping giant is offering an introductory transaction fee of 1.75% until 2016, a full percentage point lower than Square's.

Amazon Launches Local Register, A Square Competitor With Lower Transaction Rates | Techcrunch

(Image credits: Amazon)