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Strategies: Getting Beyond Square
By Jane Adler Rightly or wrongly, lots of investors are mesmerized by the high-profile startup Square. But it’s not the only newbie transforming the payments industry as venture-capital firms scramble to find the next big idea. Some startup companies get all the attention. The …
Read More »Intuit and Square Might Spark a Mobile-Payments Price War
Intuit Inc. on Monday dropped flat transaction fees for its GoPayment mobile-payments service just over two months after Square Inc. did the same thing, an indication that a price war could be breaking out between two of the major companies competing for brand-new and small businesses that use smart phones …
Read More »Visa, Apparently Satisfied with Square’s Security, Invests in the Startup
Square Inc. has been the mobile-payments darling of Silicon Valley because of its association with social-network superstar Jack Dorsey, the co-founder of Twitter. On Wednesday, however, the San Francisco-based startup gained the ultimate stamp of approval from the payments establishment when it disclosed that Visa Inc., the world’s largest payment …
Read More »Confusion Forces VeriFone to Pull Skimming Demo As Square Defends Itself
VeriFone Systems Inc. fired a blast at rival mobile-payments provider Square Inc. on Wednesday and sustained some powder burns in the process, but the leading U.S. point-of-sale terminal maker nonetheless may have brought some legitimate concerns about Square’s security into the open, according to at least one analyst. By Thursday, …
Read More »Intuit, North American Bancard Bring Free Card Readers to Mobile Payments
Mobile payments are getting increasingly competitive, and this week the competition ratcheted up even more. Intuit Inc., maker of the QuickBooks accounting software for small businesses, is now offering a free credit card reader for smart phones to merchants using its GoPayment mobile service. Intuit also is waiving monthly service …
Read More »Square’s Founder Says the Main Act Is About To Begin
After taking a time out in June to resolve problems ranging from a parts shortage to merchant underwriting, the new payment service Square Inc. is about to commercially distribute its cube-shaped card readers for smart phones. Chief executive officer Jack Dorsey, co-founder of the Twitter social network, told attendees at …
Read More »Bullish on the iPad, Square Says It Will Be a POS Game Changer
With application developers rushing to bring apps to market for Apple Inc.’s immensely popular iPad tablet computer, payment service provider Square Inc. is predicting the iPad will become a game changer in wireless payments, and says that it will aggressively pursue developing iPad applications that enrich the transaction experience. The …
Read More »Square Founders Get Rock Star Welcome But Give Few Details
The founders of the much-hyped Square Inc. payments system may have wowed a full-house crowd of bankers on Monday, but they added little to public understanding of how their product will actually work and how it will stack up competitively with similar offerings for mobile merchants. While polite and talkative …
Read More »Square Gets Points for Cleverness, But Leaves Questions Unanswered
If hype augurs success, the new Square payments application for mobile merchants is off to a promising start. The product, announced this week by a San Francisco startup called Square Inc., is attracting attention not just in the payments business but in the wider business community. That's because Square's founder …
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