Square

Square $200 million funding sought

Square $200 million funding sought

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.

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Square threatens legal action against mPowa

Square threatens legal action against mPowa

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.

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Square’s newest competitor is mPowa

Square’s newest competitor is mPowa

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.

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AppCharge is the newest mobile credit card reader

AppCharge is the newest mobile credit card reader

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.

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Square Digital Loyalty Card hits the iPad

Square Digital Loyalty Card hits the iPad

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.

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Coin to put Square through its paces

Coin to put Square through its paces

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.

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Square grabs new CFO

Square grabs new CFO

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.

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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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