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‘Square’ Stories

Starbucks gets a shot of Square for in-store payments; Invests $25m

, Aug 8th 2012 Discuss [0]

Starbucks has inked a deal to use the Square payments system in its 7,000 US stores, as well as splashing out $25m of investment into the Square company itself. The deal, which will see credit and debit card transactions made using Square's Pay with Square app for iOS and Android as of this fall, is expected to increase the number of times card payments are made for smaller transactions that might traditionally have demanded cash or not met a minimum payment threshold for the retailer. Read The Full Story

VeriFone CEO disses Square

, Jul 26th 2012 Discuss [1]

31-year-old company VeriFone, which is facing competition in some of its industries for the first time thanks to the rise of alternative payment platforms, is starting to get a little testy. Instead of looking at Square as a viable threat to its decades of credit card processing monopolies, VeriFone instead thinks the company is going to implode, despite all the positive media attention it has received. Read The Full Story

Square $200 million funding sought

, Jul 24th 2012 Discuss [0]

Mobile payment innovator Square is looking for another $200 million in funding in a deal that would value the entire company at $3.25 billion, a testament to just how powerful the once-lonely startup has become. These days, the Square brand is one of the most recognized brands in the mobile space and has spawned no shortage of copycats looking to follow after the empire it has created. Read The Full Story

Square threatens legal action against mPowa

, Jul 13th 2012 Discuss [9]

Mobile payment leader Square has issued a cease and desist letter to mPowa, one of the newest players in the emerging market of turning smartphones and tablets into portable credit card terminals. But the details aren't exactly what you'd expect. Square doesn't care about mPowa's technology; it cares about the picture mPowa is using in its promotional messaging. Read The Full Story

Square’s newest competitor is mPowa

, Jun 29th 2012 Discuss [0]

It seems like in this current environment, there is a brand new entry in the mobile credit card payment market every day. It started with Square, and now everyone wants a piece of the action. The latest one to enter the fray is mPowa, which admittedly does bring some functionality and accessibility that Square and others have failed to offer. It's also cheaper. Read The Full Story

AppCharge is the newest mobile credit card reader

, Jun 19th 2012 Discuss [1]

If for whatever reason you aren't happy with Square - maybe you find its credit card reader to be too small or...well, surely there must be other reasons - another company has decided to step into the woodwork and offer the exact same service but with no name recognition and hardly anything to differentiate itself. At least, we couldn't find much in its press release. Read The Full Story

Square Digital Loyalty Card hits the iPad

, Jun 19th 2012 Discuss [1]

This week the folks at Square are encouraging their already-loyal users to stay that way with a Digital Loyalty Card. This card allows users to buy 10 coffees and get one free - and a whole lot of similar offers in the iPad-friendly realm. This Square-pushed digital punch-card, as it is essentially, will be working in the United States soon, with upgrades being allowed for all merchants compatible with (or willing to join in on) the fun in the very near future. Read The Full Story

Coin to put Square through its paces

, Jun 18th 2012 Discuss [3]

Square has enjoyed a pretty long run as the de facto platform for individuals and small businesses to accept plastic with absolutely no friction. But as the company grows and grows, we all know that it's only a matter of time before new startups come out of the woodwork to try to take it down. Enter Coin, a brand new mobile credit card acceptance platform that promises a lower processing fee than Square. Read The Full Story

Square grabs new CFO

, Jun 13th 2012 Discuss [2]

Over the past several months, Square has done pretty well for itself. It's managed to attain top people from PayPal, it made all sorts of news when it shattered the New York City in-taxi payment monopoly, and it enhanced its processing time to encourage even more small businesses to sign up for its mobile payment service. Now it has a new chief financial officer as well. Read The Full Story

VeriFone SAIL challenges Square payments

, May 8th 2012 Discuss [1]

VeriFone has officially revealed its mobile payments system, SAIL, the company's attempt to engage with smaller and independent retailers and steal business from Square. Previewed earlier this week, VeriFone SAIL supports not only mobile card readers for iOS and Android devices, plugging in via the 3.5mm headphone socket, but integration with the traditional VeriFone countertop cardreaders for use with NFC, mobile wallet and other technologies. Read The Full Story

Verifone set to launch Square competitor

, May 7th 2012 Discuss [0]

Square and Paypal are both vying for the mobile payment space, but there’s about to be a third competitor: Verifone. Business Insider reports that Verifone is set to announce its own mobile payment hardware tomorrow. Dubbed the SAIL, it will plug into the 3.5mm headphone jack of the iPhone and allow individuals and small businesses to take credit card payments on the phone. Read The Full Story

Square transactions reach $5 billion per year

, Apr 25th 2012 Discuss [0]

If anyone doubted the power of Square, which does one thing and does it well, here's a pretty salient fact for you - the company is processing transactions at a rate of $5 billion per year. Just a month ago, it was boasting of a rate of $4 billion per year. That's a 25% rate of growth in one month, and it's representative of how the market of mobile payments has exploded in the first half of 2012. Read The Full Story
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