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Stock impact report

Amazon tests screening new merchants for fraud via video calls in pandemic [Reuters]

Amazon.com, Inc. (AMZN) 
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
Company Research Source: Reuters
Amazon tests screening new merchants for fraud via video calls in pandemic (Reuters) - Amazon.com Inc ( AMZN.O ) is piloting the use of video conference calls to verify the identity of merchants who wish to sell goods on its websites, in a new plan to counter fraud without in-person meetings in the pandemic, the company said on Sunday. The world’s largest online retailer has long faced scrutiny over how it polices counterfeits and allegedly unsafe products on its platform. Fakes have frustrated top labels like Apple Inc ( AAPL.O ) and Nike Inc ( NKE.N ) and discouraged some from selling via Amazon at all. Amazon said its pilot began early this year and included in-person appointments with prospective sellers. However, it switched exclusively to video conferencing in February because of social distancing requirements related to the highly contagious coronavirus, which has infected more than 2.9 million people globally. The interview vetting, on top of other risk-screening perform Show less Read more
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