Tag Archives: Square

Mobile Wallet round up

Mobile wallets have been a hot topic for the last several years. The complexity of the offering combined with the numerous players implicated has meant that technical advancements are not always in line with business considerations.

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Square scores Google Wallet co-founder

The exodus continue from Google Wallet with Square adding Rob von Behren to an unnamed position. With the recent moves from other key Google Wallet leaders, Jonathan Wall and Marc Freed-Finnegan, one has to wonder what is going on at Google to make key people leave.

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Square iOS apps: no signiture for under $25 transactions

In a move to speed up payment transactions, Square is introducing a streamlined process and discontinued the need for signatures on transactions of under $25. The moves comes with a number of application and website improvements all of which lead to the ability to conduct a transaction in under 4 seconds, according to the company. One of the tools to help that happen is called Card Case, which allows users to build a list of preauthorize vendors for rapid payment.

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Dwolla passes $1m per week

The momentum in the transaction space is moving at an amazing speed. Payment service company, Dwolla, has now passed $1,000,000 in per week transactions. Just how fast have they gotten here? According to Techcrunch, six months ago they were doing 50k per week, then three months ago $1m per month. For comparison, “Co-founder Ben Milne says that this is notable because it was only a little over a year and a half ago that billion dollar startup Square crossed the exact same “$1 million a week” milestone.”

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Square Register

Jack Dorsey and team are launching a new product today called Square Register. The product adds a new payer of business intelligence for small merchants that want more ways to connect and communicate with their customers while offering consumers a way to discover offers and track expenses.

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Paypal buys Fig Card

Quickly following the Visa investment in Square, Paypal announces its purchase of Fig Card. Fig Card is a low cost, point of sale USB credit card reader that makes it easy for merchants to take credit card purchases using existing equipment.

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Visa makes investment in Square

As Jack Dorsey put it in a tweet this morning: “Absolutely the best way to start or grow your business.” Visa announced today they had taken a stake in mobile payment facilitator Square. The move represents Visa’s interest in reach the many small businesses and merchants that are not big enough to sign up for Visa’s merchant services, which the New York Times estimates to be around 27 million.

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Intuit launches Square competitor

Intuit announced that its GoPayment product is going live today. The new iPad optimized payment app lets anyone take a credit card and get paid on the spot. The app is compatible with the free Intuit Credit Card reader and thus is in direct competition with Square’s offering.

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Square lands in Apple’s online and retail locations

Mobile payment app and hardware provider Square gets a big boost today from its inclusion in the Apple online store and will begin selling in Apple retail locations this week. Square is aimed at the lower tie of credit card processing, a level or two below the sweet spot for larger companies like Verifone.

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Jack Dorsey

Verifone calls out Square

Just a few short days after Verifone CEO Douglas G Bergeron announced that his company would be including NFC capability in all its new POS systems and outlined six virtuous rules they would follow to lead customers to the promised land, the hit job commenced.

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