Amazon NEW POS Commerce System & FOBI Early FunderAs Rob Anson commented, Amazon was an early funder of Loop (FOBI). Obviously Amazon already had designs at that time to enhance its POS Commerce system. Sometimes, it takes the better part of a year for new developments to come to fruition [as Rob Anson indicated, FOBI development was slowed due to COVID restrictions]. However, it does appear, developments could be in the works with Amazon. If it looks like a FOBI, Scans like a FOBI, Computes like a FOBI.............It's probably FOBI For instance, as highlighted by Marshall, PaperBoi222 and others: VANCOUVER, BC, March 26, 2020 − Loop Insights Inc. (TSX.V: MTRX) (the “Company” or “Loop”) ("now renamed FOBI") announces that it has received $100,000 in development funds from Amazon Web Services (“AWS”). Working with AWS enables Loop to streamline and enhance current artificial intelligence (AI) functionality of its products, ensuring a future-proof integrated solution for the brick and mortar retail industry.
VANCOUVER, British Columbia, June 8, 2020 – Loop Insights Inc. (TSX.V: MTRX) (the “Company” or “Loop”)— ["now renamed FOBI"] provider of transformative artificial intelligence (AI) solutions— announced that it has been accepted into Amazon Web Services’ (“AWS”) Partner Network (“APN”), furthering the Company’s partnership with Amazon.
Amazon developing new point-of-sale system to attract small businesses
Sept 8, 2021 (Reuters) - Amazon.com Inc (AMZN.O) is working on a new type of point-of-sale system that can be sold to third-party sellers, Insider reported on Wednesday.
The new system can handle both online and offline transactions and can also link to other services including Prime and Flex, the report added, citing an internal document
The move will allow Amazon to compete with Canada's Shopify (SHOP.TO) and U.S. payments giant PayPal (PYPL.O), which already offer POS systems for payments for small businesses, that have moved online during the pandemic to boost sales.