In its second-largest acquisition, Amazon buys the company for $970 million.
Amazon.com launched a Corporate Accounts program, allowing businesses and other organizations to pay for online purchases without using a credit card.
Business on the web is resembling traditional business more and more. Today, Amazon.com launched a Corporate Accounts program at www.amazon.com/corporate, allowing businesses, governments, schools, libraries and other organizations to pay for online purchases without using a credit card. Organizations can establish corporate accounts at Amazon and designate account managers and authorized purchasers.
Organizations that want to pay by purchase order can apply for credit online, receive a line of credit and begin buying within minutes. Citi Commerce Solutions, a dvision of Citigroup, will make the corporate credit decisions and underwrite the credit.
Corporate account holders will also have access to an online order history for all account purchases; one consolidated, line-item bill for all account activity; and the option to receive an e-mail notification every time a purchase is made.
Amazon reports that hundreds of organizations have already created an Amazon.com corporate account, including Johns Hopkins University’s Sheridan Libraries, Northwestern University Law Library, Stanford University Libraries, Oracle and 3Com.
Amazon.com is offering corporate purchasers a promotional credit of up to $125 based on account purchases made through October 15. Customers can apply their credit to future Amazon.com orders.