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Mobile payments preparations being made by Square

09/19/201209/19/2012 Julie Campbell

It is getting ready for the rollout with Visa and Citi behind it. Square – the largest mobile payments company, from San Francisco – has now reached a $3.25 billion valuation after raising $200 million as it readies to go global. Though it has not broken any records in its value, it is certainly up from its funding round last year. Only three years after the initial launch of Square, the co-founder of the company, Jack Dorsey (who was also the co-founder of Twitter), is now ready to take the…

Mobile payments through PayPal could explode if McDonald’s pilot program works

08/26/201208/25/2012 Stephanie Beck

This new partnership could be defining for both companies as well as the entire industry. PayPal has just entered into the very first stages of what may be one of the most defining mobile payments deals in the industry, as it begins its partnership with the largest fast food chain in the world, McDonald’s. The new smartphone transaction service is now being tested at 30 restaurants in France. Earlier in 2012, Orlando, Florida franchisees saw demonstrations of a wider PayPal mobile payments program at a McDonald’s conference. Now, a spokeswoman…

Mobile payments service by Square offers small businesses advantageous rates

08/24/201208/23/2012 L. Green

Square Inc. mobile payments nfc technology

They have offered the opportunity to pay a monthly rate instead of a per-use fee. The greatly hyped Square Inc. mobile payments startup has just announced that its services will now be available to small businesses at a monthly rate, providing them with greater flexibility in the way that they pay for transactions that are completed through the use of credit cards. This boosts the company’s competition with their rival, the PayPal card reader, even further. Square was founded by Jack Dorsey, who stated that companies that have a revenue…

Intuit announces acquisition of AisleBuyer to boost its mobile commerce offerings

04/12/201204/12/2012 Jennifer Goula

In mobile commerce news today… Intuit has just announced on its Twitter account that it has acquired the startup company called AisleBuyer, which provides a service that allows consumers to order the products that they want directly from the merchant, instead of having to wait in lines at the store. AisleBuyer has since confirmed the acquisition on its blog, though neither company has disclosed the terms of the deal. It has been estimated that the purchase was for around $100 million. According to a the blog post, made by Andrew…

Square announces new mobile payment system built with small businesses in mind

03/09/201203/09/2012 John Montgallo

Square, a technology startup based in San Francisco, California, has launched a new mobile payment platform that may end up replacing traditional cash registers. The Square Register is a mobile application available for the iPad and allows users to make mobile transactions with their smart phones. Though Square is a relatively young company, it has managed to establish itself as a leader in the mobile commerce industry. The company processes more than $4 billion in payments annually. Now, Square believes its service could be a revolutionary tool for grocery stores,…