Amazon introduces new payment system

Amazon.com seeks to simplify the buying process online by allowing customers to pay their articles with words like "shopping fanatic" and an identification number.

The Internet retailer showed on Thursday the new system known as Amazon PayPhrase.

The numbers of credit card and the address to which the product must be sent, which now must be provided on every purchase with Amazon, may be represented with a short and an identification number. Customers can type the phrase and the number without giving further information about the bank account and address to buy things with Amazon and other websites that accept the system of "PayPhrase" (phrase of payment).

Amazon claims that it is easier to empty the information on the credit card and more flexible because clients can establish multiple phrases identification numbers associated with the same credit card. This will also allow parents to provide their children with phrases pay monthly limits.

Transactions are processed by Amazon, which gets a commission every time someone uses the PayPhrase an external website.

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