All items tagged with "Square"

The New Square Directory Will Tell You When And Where You Can Ditch Your Wallet

The New Square Directory Will Tell You When And Where You Can Ditch Your Wallet

I want to be able to ditch my wallet so bad, mostly because I have a tendency to lose it or forget it at home. But I never ever leave home without my iPhone, and yeah, Passbook is cool but businesses aren’t really using it yet and I’m impatient. I just want the future to be here right now.

I’ve been really intrigued by Wired’s Christina Bonnington as she’s trying to live a walletless life, and it seems like one of the biggest hurdle right now is knowing where you can ditch your wallet and pay for goods with a service like Square, and where you can’t.¬†¬†Right now it seems like Square is trying harder than anyone to help you ditch your wallet, and they just made things a little easier by creating Square Directory so you can see all the places you can pay for goods with Square Wallet.

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Steve Jobs Widow Joins Forbes Rich List, Is Now The Richest Woman In Silicon Valley

Steve Jobs Widow Joins Forbes Rich List, Is Now The Richest Woman In Silicon Valley

Laurene Powell with husband Steve Jobs.

Forbes released their list of the richest people in the world today, and among the newcomers making the list is Laurene Powell Jobs, widow of Apple cofounder Steve Jobs.

Powell inherited Steve Jobs’ massive fortune, which Forbes estimates to be $11 billion, making her the wealthiest woman in Silicon Valley, and 28th richest person in the world.

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Square Valued at 3.25 Billion, Raises $200 Million In Latest Round Of Funding, Is Also Ready To Take Over The World

Square Valued at 3.25 Billion, Raises $200 Million In Latest Round Of Funding, Is Also Ready To Take Over The World

Making more money than with just your credit card transaction fees.

Closing its fourth round of funding, the mobile credit card processing company just raised $200 million, making it worth a staggeringly large $3.25 billion. The company, built by Jack Dorsey of Twitter fame, allows anyone with an iPhone, iPad, or other compatible mobile device, to accept credit cards. Square is widely seen as the industry leader in the mobile payment-with-a-dongle space (I just made that term up), as evidenced by other dongles released shortly thereafter by the likes of PayPal and Intuit, among others.

In what may come as no surprise, the COO of Square, Keith Rabois, is on record at All Things D, saying that the transition from current registers and point of sale devices (like ATM card-swiping devices) to iPads or other tablets will happen within the next year and a half. Square’s partnership with Starbucks is only the first of the steps being taken actively by Square to make this a self-fulfilling prophecy.

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Did PayPal Just Win The Mobile Payments War Before Apple Even Entered The Fight?

Did PayPal Just Win The Mobile Payments War Before Apple Even Entered The Fight?

PayPal takes a significant lead in mobile payments race by partnering with Discover.

If you thought the heat of the mobile payments industry might cool a bit after weeks of major announcements like the Square/Starbucks partnership, the launch of a new mobile payment company dubbed MCX by several national retail chains, and PayPal’s trial of in-restaurant payments at McDonald’s locations in France, think again.

PayPal announced the biggest partnership yet in the U.S. mobile payments market today – a deal with Discover that will bring PayPal in-store payment to seven million locations next spring.

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With McDonald’s Trial, PayPal Is Trying To Be A Lot More Like The Apple Store

With McDonald’s Trial, PayPal Is Trying To Be A Lot More Like The Apple Store

PayPal looks to expand its mobile payment market share and features with an app-based payment trial at McDonald’s locations in France.

Square’s announcement of its partnership with Starbucks and the launch of new mobile payment company by several key retail and service chains were signs that the mobile payment industry and digital wallet concept is big business. Late last week, however, there was more news on the mobile payments front that proves that the race is far from over – one could even say that it’s barely started.

In a move that could make Square’s deal with Starbucks seem small and limited, Reuters reports that PayPal may soon be expanding its brand of mobile payments to include on the biggest fast food chains on the planet – McDonald’s. PayPal is currently testing a payment system in 30 McDonald’s locations in France. The company demoed the technology earlier this year.

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No More Swipe Fees For Small Businesses Using Square Payment Processing

No More Swipe Fees For Small Businesses Using Square Payment Processing

Square is courting small business with new rules and lower transaction fees.

Last week, Square announced a partnership with Starbucks to provide back-end payment processing and CRM for the coffee mega-company. Today, Square brings news of the other end of the business spectrum. Small businesses who make less than $250,000 per year will no longer have to pay the standard 2.75 percent per swipe processing fee (though they can still opt for this) if they pay one flat rate, currently set at $275 monthly.

If a small businesses chooses the flat rate option, they’ll essentially end up paying 1.3 percent per swipe – a significant savings if they meet the criteria. IF the business goes over the line, they’ll be charged the standard per-swipe rate.

This is Square making sure that it can have as many users as possible, from super corporate giants to small mom and pop shops with a bit of tech savvy.

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Biting Back At Startups, Retailers Announce Their Own Mobile Payment Plans

Biting Back At Startups, Retailers Announce Their Own Mobile Payment Plans

Major retails join forces on mobile payments system to fend of Google, PayPal, Isis, and other potential digital wallet competitors like Apple.

In a move that makes the Square/Starbucks partnership announced last week look like small potatoes, a group of national and international retailers announced plans to develop their own mobile payment network complete with mobile apps and digital wallet functionality. The move seems almost certain to shake up the nascent mobile payments market where a wide range of companies and organizations have been trying to figure out the secret sauce that will turn mobile payments into a mainstream retail system for the past couple of years.

The Merchant Customer Exchange or MCX, as the new company is known, plans to deliver a solution that offers convenience in both making purchases and in receiving customizable offers from retailers. Development of a mobile app and payment network are underway, but MCX has yet to announce any details about either the app or its network.

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What Square’s Starbucks Deal Means For Mobile Payments And An Apple iWallet

What Square’s Starbucks Deal Means For Mobile Payments And An Apple iWallet

Square scored its big partnership with Starbucks by realizing mobile payments aren’t really about mobile payments.

Last week’s announcement that Starbucks is partnering with Square for mobile payments and credit card processing is big news for the nascent U.S. mobile payments market. It was also a warning shot fired by the startup across the bow of traditional payment processing companies, many of which have struggled to bring together an effective and successful digital wallet (or iWallet) solution. The move could also complicate any plans that Apple has to move into that market following the release of iOS 6 and its Passbook feature.

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Soon You’ll Be Able To Pay With Square In Starbucks

Soon You’ll Be Able To Pay With Square In Starbucks

Square just announced a huge partnership with Starbucks that will put the hot mobile payment startup in 7,000 Starbucks nationwide this fall. The news means that Square users will be able to use the app to pay at select Starbucks locations and find nearby stores in the Square Directory.

As part of the partnership, Starbucks is investing a cool $25 million in Square and the CEO of Starbucks will be joining Square’s Board of Directors. This is definitely a win-win for Square, Starbucks, and the mobile payment industry as a whole.

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While Apple Waits, PayPal Uses Acquisitions To Expand Its Mobile Payment Features

While Apple Waits, PayPal Uses Acquisitions To Expand Its Mobile Payment Features

With PayPal’s acquisition of card.io mobile credit/debit payments could become as easy as snapping a photo.

While Apple’s taking a wait and see approach to the nascent mobile payments and digital wallet industries, PayPal seems ready to launch an all-out offensive. In addition to its existing assortment of mobile, local, and online payment systems, PayPal announced this week that it is acquiring startup card.io.

card.io currently works with a range of iOS and Android developers to help them integrate mobile credit/debit card payment capabilities into their apps without the need of additional hardware like Square’s card reader or PayPal’s Here card reader. Instead, card.io’s partners use the built-in camera of an iPhone (or other iOS or Android device) to snap a photo of a credit card. The card number and related information is extracted and passed to a payment processor to complete the transaction (manual keying in a card number is also supported as a backup).

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