Amazon Is Creating A POS System To Compete With Shopify And PayPal…And Other Small Business Tech News

 Amazon Is Creating A POS System To Compete With Shopify And PayPal…And Other Small Business Tech News

Here are five things in technology that happened this past week and how they affect your business. Did you miss them?

1 – Amazon is developing a POS system to compete with Shopify and PayPal

It’s called Project Santos and it’s Amazon’s play to take on Shopify, PayPal and other point-of-sale systems. According to a report that examined internal documents from the online giant the system will handle both online and in-store transactions, provide enhanced analytics and (of course) integrate with Prime and other Amazon technologies for check out, security and delivery. (Source: Pymnts)

Why this is important for your business:

If you’re in retail this will be another point-of-sale option for you and as long as you don’t mind being dragged further into Amazon World it could be a more affordable and advanced solution for managing your…

Read full article…www.forbes.com