Alternative Finances

AT&T, Meet Amazon’s Smartphone

The rumor mills have been a buzz recently with talks of Amazon releasing its smartphone – which will likely happen later today. However, the Wall Street Journal reported yesterday that whenever the device is launched, AT&T will be the exclusive carrier.

The move would extend Amazon’s relationship with the mobile and wireless provider, which also serves the Kindle tablet and e-reader customers.

“Amazon aims to begin shipping phones by the end of September, ahead of the holiday shopping season,” explained the Journal. “The e-commerce giant is moving deeper into gadgets beyond its Kindle tablet, including the Fire TV set-top video streaming device and the smartphone.”

The news source added that this relationship extension could help AT&T attract new customers – and retain old ones. The smartphone market is fierce, and Apple Inc. and Samsung Electronics Co. reportedly have a combined 60 percent share of the U.S. market.

Rumors about Amazon’s smartphone were fueled with the release of a YouTube video that strongly implied the notion of such a device. The commercial features people looking down at something and calling it “cool” and “amazing,” but the item is never revealed.

“What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.

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New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.

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