Amazon Payments Launched
Amazon has pulled the curtains on its Flexible Payment Service (FPS) and launched it in limited beta. And it’s a beauty.
FPS is not so much a consumer payment solution with heavy marketing but more a payment platform that can be used by developers to build payment solutions in the spirit of Amazon’s S3 storage product (eCommerce enabler). Here’s what it offers:
- Send and receive money using credit card, bank account or Amazon Payments balance transfer as payment methods.
- Create “Payment Instructions” to define conditions and constraints desired for a given transaction, and programmatically obtain payment authorizations or “tokens” that represent these Payment Instructions from customers.
- Execute one-time, multiple, or recurring payments on behalf of customers.
Aggregate micro-transactions into a single larger transaction using Prepaid and Postpaid capabilities.- Build payment applications where you are neither the sender nor the recipient of funds. You can build marketplace applications that enable the movement of money between two third parties.
- View account balances, transaction histories, and transaction details on the Amazon Payments web site.



