'Square' iPhone Credit-Card Reader to Change the Banking Game? Dorsey's Square Deal. Very big day for the markets?
Twitter Founder's New Company Square Explained In Two Minutes. Who’s Afraid of NFC? Not Square: Tech News and Analysis « Square , the San Francisco-based personal financial services company co-founded by Twitter co-creator Jack Dorsey, has a simple mission: to become an iconic financial brand, much like Virgin is for airline travel and Apple is for mobile computing.
The grand ambition of the company is reflected in its brand-new office in the former San Francisco Chronicle building — it is massive but still sparsely populated. There are the usual trappings of a startup: well-stocked kitchen, espresso machine, iMacs and even some Dells. The company also has one more thing — Keith Rabois, formerly of PayPal and Slide, who is essentially the Charge d’affaires of the company, though his official title is chief operating officer. Lauching. Square, the new mobile payment venture from Twitter Co-founder Jack Dorsey, has officially opened its doors.
This means that anyone who downloads the the Square mobile app can now order a Square reader. Square tells us that it is also now shipping a slimmer, second-generation Square reader that is compatible with iPhone 4 and can capture a wider range of swipe speeds.Dorsey announced the news the same way he announced Square: with a tweet. "The doors are (finally) open @Square & we're going big," Dorsey tweeted, linking to an article in USA Today. Square is available on the iPhone, iPad, iPod touch and select Android devices, including the Droid, Droid X, Nexus One and Galaxy S.
Merchants who are approved for Square accounts will be sent a free credit card reader for their device. Combined with the Square mobile app, the reader can take credit card payments. Square made a big splash when it was announced last year. Mobile Payment Space Heats Up. Square lets iPads, iPhones, Androids read credit cards. By Jon Swartz, USA TODAY SAN FRANCISCO — The father of Twitter has hatched a start-up that he hopes does for financial transactions what Twitter did for communication.
Square Now Processing Millions Of Dollars In Mobile Transactions Every Week. After ten months of a private pilot limited to only 50,000 users, Square has finally opened its doors to the public.
The brainchild of Twitter co-founder Jack Dorsey and Jim McKelvey, Square was unveiled last December as a small credit card reader that could turn any iPhone into a mobile cash register. The startup has since unveiled apps for the iPad, Android and iPhone. And Dorsey brought on PayPal and Slide veteran Keith Rabois as General Manager in August. As Square exits its pilot, the startup is hitting an impressive milestone: Square is now processing millions of dollars in mobile transactions every week. So where is Square seeing the most traction? Rabois tells me that that Square is the “PayPal for the real world.” Nicole Westmoreland, the co-president of the Crocker Highlands Elementary PTA in Oakland, started using Square on an iPhone in mid-September to raise money through sales of swag and tickets for the organization.
Another interesting use case involves Dr. Square + Apple = un nouveau moyen de paiement dans les Apple Store ? Jack Dorsey, créateur de Twitter et aussi de Square, a laissé supposer, grâce à l'image ci dessus, qu'il allait se passer quelque chose entre Apple et Square.
Du coup, toutes les rumeurs se sont concentrées sur un nouveau moyen de paiement qui pourrait faire son apparition dans les Apple Store 2.0, via les iPad, vu que ceux ci sont maintenant partout y compris dans les mains des vendeurs. Et hop facile, vous entrez dans un Apple Store, vous voyez un truc qui vous plait, d'habitude vous faites la queue à la caisse et là ... magique, le vendeur dégaine son iPad et l'appareil Square, il vous prend la carte, vous signez et le tour est joué :) Classe :) Et puisqu'on parle de Square, sachez que Jack Dorsey a aussi annoncé que le montant des transactions journalières venaient de dépasser les 3 millions de dollars.
A Woman, A Cupcake, A Bank And A Square: Why Credit Card Companies Are Scared Of Change. In the sleepy Columbus, Ohio suburb of Canal Winchester there is a shop that makes cupcakes.
These are not ordinary cupcakes; these are fantastic cupcakes. In fact the name of this establishment—Fantasy Cupcake—is no boast and can readily back up the hype (trust me, I ate one and it was killer). A relatively new business owned and operated by Leah Dotson, Fantasy Cupcake chose Square as its processor when it came time to set up a transaction mechanism for accepting credit cards. And then a funny thing happened. Coincidentally or not, several banks and processors approached Leah about setting up merchant services with them instead of relying on Square. Most of the visiting merchant services reps looked at the Square rate plan Leah had worked out and admitted she had a good deal and that indeed, Square would be her best bet. But there were two that didn’t go so smoothly. The First Data Rep? So what was this mis-information? The breakdown compared something like this: Well…probably not.