Square reportedly turned down $3 billion offer from Apple

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Square is getting Apple Pay in 2015. Photo: Square
Square is getting Apple Pay in 2015. Photo: Square

Apple put mobile wallet payment platforms like Google Wallet, Square and PayPal on notice this week with the reveal of Pay, but before Cupertino decided to launch its answer to the wallet, sources tell TechCrunch the company was eyeing an acquisition of Square.

Square’s simplistic payments platform seems like it would have been the perfect fit for Apple and would have added “Next Steve Jobs Nominee” Jack Dorsey to its loaded executive ranks, but after Apple executives failed to put enough cash on the table, Square walked away from negotiations.

Cash is but a text away with Square Cash 2.0

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Splitting dinner checks with friends in the age of credit cards and no cash has become increasingly complex, but Square Cash for iOS just received a huge redesign and feature update today that makes paying back a buddy as easy as sending a text.

Square Cash 2.0 now enables anyone to request money from up to 25 people at once, even if they don’t use the app, and best of all there aren’t any fees.

Square’s new Order app lets you skip the register altogether

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Square has been at the forefront of mobile payments for years now, thanks largely to the popularity of its white card reader that’s used by merchants everywhere.

Now the company is debuting a brand new app called Square Order, and it does away with the need for a cash register completely. The introduction of Square Order also means the death of Square Wallet, a failed experiment that Order hopes to correct.

7 Awesome Companies Apple Should Buy After Missing The Boat On Oculus

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Apple is heading toward a $1 trillion market cap. Photo: Pierre Marcel/Flickr CC
Apple is heading toward a $1 trillion market cap. Photo: Pierre Marcel/Flickr CC

When Facebook snapped up virtual-reality company Oculus VR this week, it got us wondering what other interesting startups Apple might want to buy before Mark Zuckerberg can get his hands on them.

While Oculus is most well known for its Rift gaming headset, Zuckerberg sees a far more wide-ranging application for the company’s VR tech, envisioning it as a futuristic communications platform. “One day, we believe this kind of immersive, augmented reality will become a part of daily life for billions of people,” he said in his post about the acquisition.

That’s the kind of big thinking Steve Jobs brought to the table when he talked about the way the Mac, the iPod, the iPhone and the iPad would change the way people interact with technology. While Apple rarely dips into its $150 billion cash hoard to buy other hardware firms, here are seven awesome companies whose technology could help Cupertino enhance and improve its existing devices — as well as build entirely new ones.

Square And Griffin Have Made A Merchant iPhone Case For Card Reader [CES 2014]

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CES 2014 bug LAS VEGAS — Square sells its own cash register replacement for the iPad, but the mobile payments company has yet to debut any iPhone-compatible accessories for its card reader. Well, until now.

Griffin has made a Merchant case that is designed specifically to work with Square’s tiny reader, and it doubles as an added layer of protection for the iPhone.

Apple’s Lightning Creator Shrinks Square’s Card Reader Nearly In Half

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Today Square unveiled its new card reader with a design that’s nearly half the size of the original. By ditching clunky stock components in the first Square Reader, the mobile payments pioneer has created a smoother card swiping experience and sleeker, tapered design the second time around.

How did Square achieve such drastically improved hardware in only one revision? Apple’s former head of accessories, who led the development of the Lightning connector, was in charge.

Square Register iOS App Can Now Record And Track Payments, Reconcile Cash Drawer

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Mobile payment startup Square has updated its Register app with several new features. Both the iPhone and iPad versions of the app can now record and track payments, including checks and gift cards. On the iPad, merchants can reconcile their cash drawers using the app’s clean interface. The portable SM-S220i printer can now be used to wirelessly print receipts from the app via Bluetooth.

The Apple Store and Best Buy recently started carrying Square’s iPad stand that helps turn the device into a point-of-sale machine.

Square Register is available for free in the App Store.

Source: App Store

Square Launches eCommerce Portal To Take On Etsy And eBay

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Despite new technologies for mobile payments, customers trust familiar companies like Apple.
Despite new technologies for mobile payments, customers trust familiar companies like Apple.

Square has quickly risen to popularity thanks to its clever credit card payment system for iPhone and iPad that has been adopted by small businesses across the country. To compliment its payment system, Square  launched the Square Register last month, and today it just introduced its new eCommerce portal called Square Market.

Square Market is an online marketplace for businesses to list and sell their goods across the U.S. (think Etsy or eBay). Anyone can open a store for free with items photos and a profile of your business. You can even post items directly to Twitter to generate interest in your business.

Here’s what Square’s Director of Discovery, Ajit Varma, had to say about the launch: