Amazon Payments Wants to "Take Out" the Competition

It is getting harder and harder to keep up with Amazon.com, Inc (NASDAQ: AMZN). Just this year the behemoth online retailer already has:

Whew! Most companies don't entertain that number of new ideas in a decade, much less the first half of a year. With all this going on, investors could be forgiven for missing the company's latest bit of news. Earlier this month, Amazon announced a new feature for its mobile app, Amazon Pay Places. The new Amazon Pay platform will now allow customers to order ahead at participating retailers and pay through their Amazon accounts.

The feature is being given what amounts to a glorified test run with select T.G.I. Friday's locations in Boston, Philadelphia, Baltimore, Washington D.C., Richmond, VA and Wilkes-Barre, PA. The function will be found inside Amazon's app in the drop down menu under the "Programs and Features" section.

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Source: Fool.com