Amazon Introduces Small Business Credit Card Processing Service
Amazon has recently introduced the Amazon Local Register, a credit card processing device and mobile app designed to help small business owners with payment transactions through their smartphones and tablets.
This places Amazon in competition with Square and other mobile payment processing systems including PayPal Here and GoPayment.
Amazon's new technology features a credit card reader that attaches to a smartphone, tablet or Kindle. The reader processes debit or credit payments via a secure Amazon network--the same that processes Amazon.com purchases. The service is aimed to serve small businesses who might otherwise be limited to accept cash or check only, including food truck operators and vendors who sell their products at outdoor locations.
Small businesses can start using the service--called Local Register--by creating an account on http://localregister.amazon.com. Businesses must purchase the card reader for $10 and download the free mobile app from the Amazon app store, the Apple app store or Google Play.
Much like Amazon's strategy in many of its businesses, the company intends to compete on price in the mobile payment arena. For those who sign up by October 31st, Amazon will take $1.75 percent of each payment processed as its fee. This special rate will only last until January 1st, 2016. For those who sign up for the service after October 31st, Amazon will take a service fee of 2.5 percent of each payment processed.
The first $10 in transaction fees will be credited back to the user, which essentially pays for the reader.
These prices are below most of Amazon's competitors' rates. Square reportedly takes a fee of 2.75 percent of each transaction. Paypal Here takes 2.7 percent and GoPayment rates start at 1.75 percent per transaction in addition to a $19.95 monthly rate; otherwise, GoPayment takes 2.4 percent of each transaction.
Amazon has expanded into the payment realm with additional products such as Amazon payments, which allows users with stored card or banking information on Amazon.com to use their Amazon login to pay at outside sites. Amazon has also introduced Amazon Wallet, a beta app that lets users store gift cards, loyalty/rewards cards and membership cards and redeem them either in store or online.
Intelliwave SiteSense boosts APTIM material tracking
“We’ve been engaged with the APTIM team since early 2019 providing SiteSense, our mobile construction SaaS solution, for their maintenance and construction projects, allowing them to track materials and equipment, and manage inventory.
We have been working with the APTIM team to standardize material tracking processes and procedures, ultimately with the goal of reducing the amount of time spent looking for materials. Industry studies show that better management of materials can lead to a 16% increase in craft labour productivity.
Everyone knows construction is one of the oldest industries but it’s one of the least tech driven comparatively. About 95% of Engineering and Construction data captured goes unused, 13% of working hours are spent looking for data and around 30% of companies have applications that don’t integrate.
With APTIM, we’re looking at early risk detection, through predictive analysis and forecasting of material constraints, integrating with the ecosystem of software platforms and reporting on real-time data with a ‘field-first’ focus – through initiatives like the Digital Foreman. The APTIM team has seen great wins in the field, utilising bar-code technology, to check in thousands of material items quickly compared to manual methods.
There are three key areas when it comes to successful Materials Management in the software sector – culture, technology, and vendor engagement.
Given the state of world affairs, access to data needs to be off site via the cloud to support remote working conditions, providing a ‘single source of truth’ accessed by many parties; the tech sector is always growing, so companies need faster and more reliable access to this cloud data; digital supply chain initiatives engage vendors a lot earlier in the process to drive collaboration and to engage with their clients, which gives more assurance as there is more emphasis on automating data capture.
It’s been a challenging period with the pandemic, particularly for the supply chain. Look what happened in the Suez Canal – things can suddenly impact material costs and availability, and you really have to be more efficient to survive and succeed. Virtual system access can solve some issues and you need to look at data access in a wider net.
Solving problems comes down to better visibility, and proactively solving issues with vendors and enabling construction teams to execute their work. The biggest cause of delays is not being able to provide teams with what they need.
On average 2% of materials are lost or re-ordered, which only factors in the material cost, what is not captured is the duplicated effort of procurement, vendor and shipping costs, all of which have an environmental impact.
As things start to stabilise, APTIM continues to utilize SiteSense to boost efficiencies and solve productivity issues proactively. Integrating with 3D/4D modelling is just the precipice of what we can do. Access to data can help you firm up bids to win work, to make better cost estimates, and AI and ML are the next phase, providing an eco-system of tools.
A key focus for Intelliwave and APTIM is to increase the availability of data, whether it’s creating a data warehouse for visualisations or increasing integrations to provide additional value. We want to move to a more of an enterprise usage phase – up to now it’s been project based – so more people can access data in real time.