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VeriFone SAIL challenges Square payments

VeriFone SAIL challenges Square payments

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.

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Square transactions reach $5 billion per year

Square transactions reach $5 billion per year

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.

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Google Wallet co-founder jumps ship to Square

Google Wallet co-founder jumps ship to Square

The man who co-founded the Google Wallet mobile payment platform and was instrumental in setting up the core of its technology has now left Google and will be working for a competing payment platform, Square. Square has gained significant traction for its frictionless credit card reader that lets iPhone owners accept plastic payments anywhere, anytime, and they pay nothing except a small transaction fee for every purchase.

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Square app overhauls small business payments, adds Android

Square app overhauls small business payments, adds Android

Square, the visionary leader in point-of-purchase credit card acceptance for small business, has just launched a new app called Pay With Square, which aims to bolster the name recognition of Square and expand its reach to beyond just those with a small business and an iPhone. As part of the app overhaul is a new, enhanced discovery feature that lets curious users know when they're near a Square-enabled business.

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PayPal VP jumps ship to Square

PayPal VP jumps ship to Square

Almost immediately after PayPal became a legitimate competitor to mobile payment innovator Square, one of the company's vice presidents decided she would rather work for the new up-and-comer. Square's dominance in the market of expanding the way people pay with their phones is going to be put to the test, and it needs someone to guide the company in the right direction.

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Square iPads optimized for New York cabs unveiled

Square iPads optimized for New York cabs unveiled

Mobile payment pioneer Square has revealed its design for custom-fitted iPads that will sit in the back of New York City cabs to allow for users to pay with credit cards. In addition, the devices are equipped with special software that shows current location information and the current fare amount. It's part of a pilot program to introduce competition for in-taxi credit card payments.

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Square in-taxi payments approved

Square in-taxi payments approved

You'll soon be able to pay for your cab fare via an iPad embedded into the cab. The company that will be providing the credit card processing technology - and the iPads - is Square, an emerging leader in credit card acceptanced for small businesses. The company offers an iPhone/iPad peripheral that allows anyone with a bank account to accept instant credit card payments. And the start-up cost is free.

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Square wants iPads embedded in taxis

Square wants iPads embedded in taxis

If you have plans to visit New York City, you should make a point of hopping into a cab at some point. Not because you might make it on the Discovery Channel game show Cash Cab, but because it might have an iPad embedded into the back console that you can play with during your ride. That is, if Square's Jack Dorsey has his way. He wants tablets to become commonplace in taxi cabs so that credit card payments are done through his platform.

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T-Mobile to offer Square card reader to business customers

T-Mobile to offer Square card reader to business customers

Anyone with an iPhone can apply for a free Square credit card reader. But now the process is easier than ever, as T-Mobile will begin offering the revolutionary small business solution at the point of purchase to customers who sign up for a business plan. It's a move that will increase awareness not only for Square but also for T-Mobile's new push to attract enterprise users.

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