Tuesday , October 22, 2024

Search Results for: square reader

Square Tap to Pay on iPhone Debuts And Other Digital Transactions News briefs from 9/28/22

Square, the point-of-sale and e-commerce unit of Block Inc., said Tap to Pay on iPhone is now commercially available to its merchants following a June release to select sellers. Available within the Square Point of Sale iOS app, Tap to Pay on iPhone enables merchants to accept contactless payments directly …

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Square, Apple, And ‘SoftPOS’

Square intrigued the payments industry a decade ago when it emerged to provide small sellers with a simple dongle they could attach to a mobile phone to accept card payments. Now Square says it’s moving to the next step. The company announced in June that later this year it will …

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How Square’s Embrace of Apple Could Help Propel a Trend Toward ‘SoftPOS’

Square intrigued the payments industry a decade ago when it emerged to provide small sellers with a simple dongle they could attach to a mobile phone to accept card payments. Now Square says it’s moving to the next step. The company announced Thursday that later this year it will adopt …

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Block’s Square Unveils a Revamped Square Stand As Merchant Needs Evolve Fast

To help merchants manage their business through a single device in a rapidly changing payments landscape, Block Inc. on Monday introduced the next generation of Square Stand, the countertop device that converts an iPad into a point-of-sale system. It is the first redesign of Square Stand since its launch in …

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Intuit Expands Its Payments Reach to Small Businesses And Takes Aim At Square

Sensing an opportunity to expand the reach of its financial services to more small businesses, Intuit Inc. on Tuesday introduced Money by QuickBooks, a mobile app intended to make it easier for small sellers to accept payment, manage their cash flow, and pay bills. Intuit launched the app in response …

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T-Mobile Enters the Merchant Services Fray With a Branded Reader And TSYS Processing

Merchants will be able to choose merchant services from T-Mobile US Inc. now that the wireless carrier has launched GoPoint, a new product that includes one-price processing and mobile card readers. With processing provided by Total System Services Inc. (TSYS), GoPoint is aimed at small and medium-size businesses. The service …

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The NFC Forum’s Latest Spec Is Aimed Squarely at QR Codes

Backers of near-field communication technology for mobile payments made it plain on Tuesday they’re ready to fight back against quick-response codes, a rival technology that has won support not only from giant systems like China’s Alipay and WeChat Pay but also domestically from merchant apps from big chains like Walmart …

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Will It Or Won’t It? Square Stays Vague on OCC Charter in Second-Quarter Earnings Call

Will Square Inc. apply for a national banking charter, now that the Office of the Comptroller of the Currency has opened the door to financial-technology firms? As of late Wednesday, the answer remains unclear. “We’re really well-positioned to broaden access to the financial system, which is our core purpose,” said …

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Eye on Integrated Payments: First Data Invests in Salido While Square for Restaurants Debuts

First Data Corp. is betting big on integrated payments, and Square Inc. is adding a restaurant-specific point-of-sale system to capture more transactions from larger merchants. Atlanta-based First Data was one of the investors in a $12 million funding round for Salido Inc., a restaurant POS system provider, reported CNBC.com Wednesday. …

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Nearly 92% of Square’s Transactions Are Being Made With Chip Cards

More than two years after the U.S. migration to EMV chip cards accelerated, evidence of the success of the effort continues to emerge. Merchant acquirer Square Inc. says nearly 92% of the transactions it processed as of December were made with EMV-enabled credit and debit cards. While the advent of …

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Digital Transactions