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1/17, 12:28 PM (Source: TeleTrader)
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Amazon, Visa to work on solution for UK payments

Amazon.com Inc. and Visa Inc. stated on Monday they will work on a solution that would allow the online retailer to keep accepting Visa credit cards issued in the United Kingdom. Previously, Amazon said it will no longer allow payments after January 19 "as a result of Visa's continued high cost of payments."

However, on Monday Amazon sent an email to customers informing them it is "working closely with Visa on a potential solution." Visa confirmed in a statement that the deadline will be delayed as the two companies negotiate.

Baha Breaking the News (BBN) / DJ