For people fond of using Amazon, using a widget to make it easier to pay for items to be bought is very welcome news. Imagine the convenience of simply using a widget to handle all your shopping items and checking them out once you are done. It doesn’t get any easier than that.

Of course, the responsibility for privacy and access of such widgets may be something up for discussion. While such an innovation using widgets may seem to be a point for people who love to go shopping online, control as far as who is using the widget to pay these items should be properly secured.

But based on what most companies such as the Amazon Flexible Payment System shared, users can manage their transaction better and securely.

Amazon’s FPS lets users tap into the company’s existing payments collection infrastructure (for a fee, of course). The idea of FPS is particularly attractive when you read that it will “take on the complexity of managing security and fraud protection” so that you don’t have to.

Two aspects of FPS are especially interesting. First, it supports micropayments, those that involve cents – or even fractional cents.

This is useful when business activities involve piles and piles of transactions, each having little monetary value, but the sum of which has measurable value. Imagine selling bubblegum for 10 cents. That doesn’t seem like much – unless you’re selling, say, 100,000 pieces a month.

Amazon FPS lets you aggregate micropayments into a single transaction, thus eliminating the problem of transaction costs swamping whatever profits the transactions involve.

FPS’s other interesting aspect is its support for “middleman” operations. That is, you can facilitate a transaction in which you participate neither as a sender (buyer) or recipient (seller). You can, however, take a cut of the action.

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