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Square: Twitter Co-Founder Launches New Mobile Payment System - Page 2

Written by Frederic Lardinois / December 1, 2009 11:20 AM / 15 Comments

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The Square dongle

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  1. iPhone has no security:
    - not inthe phone
    - not in the transmission

    After swiping your credit card data is open to anyone to steal.

    Posted by: Engago team | December 2, 2009 12:07 AM



  2. Merchant Account Affiliate, merchant account, AffiliatePaynet Systems offers an opportunity to make $100 for every approved merchant account generated by your website or referred to us verbally. Join our Affiliate Program and make money for every approved merchant account.

    Posted by: Credit Card Processing Affiliates | December 2, 2009 12:56 AM



  3. Wow that is good news a little competition should spice up the merchant card services innovativeness. Im curious as to what's next.

    Posted by: dee | December 2, 2009 2:16 AM



  4. no doubt this could be great for accepting payments in remote locations, or sit down restaurants, but that was way too slow for most retail locations. I go nuts? at the grocery store when the person in front of my whips out the checkbook.

    Posted by: webcam | December 2, 2009 2:18 AM



  5. Square is looking for someone to build out their operations center in St. Louis. Thanks......

    Posted by: thé vert | December 2, 2009 2:22 AM



  6. Not terribly useful outside of the US. In the rest of the world, nobody swipes credit cards any more; we use chip + pin ...

    Posted by: Pipeont | December 2, 2009 2:45 AM



  7. This is awesome!

    Very innovative and a clear,natural progression of mobile technology. Extremely clever!

    The iPhone still has 2 huge flaws though! You'll be shocked!
    Read all about - http://bit.ly/8y6I83

    Great article though, thanks!
    Jon

    Posted by: Jonathan Barnes | December 2, 2009 2:59 AM



  8. "After swiping your credit card data is open to anyone to steal."

    Durrrr. Do you actually shop online. Anywhere ?

    It will undoubtedly be encrypted before it hits the wire, just like any other transaction. Pretty obvious to anyone I would have thought. Do you work for VISA or something ?

    The big credit card guys' should be really fearing this, it's the payment processing world's equivalent to open source software - very little they can do about it but sweat. Which is good news for the rest of us and every business on the planet. :D

    Posted by: Daves | December 2, 2009 3:03 AM



  9. Well I hope this turns out to be as intuitive as Twitter itself!

    Posted by: Joe | December 2, 2009 4:11 AM



  10. My only hope is that this is international. I will follow closely.

     Posted by: John Author Profile Page | December 2, 2009 5:17 AM



  11. I saw the site this morning while browsing the net and was quite impressed. Looks to be a great option when looking into card payments, while the system also looks elegant and the site doesn't look half bad too.

    Look forward to seeing how it grows over the coming months.

    Posted by: Andrew Yates | December 2, 2009 1:28 PM



  12. Very welcome, can we use it on our websites, though? A way to pay without having to use credit cards was what I was hoping for when I saw "new mobile payment system". Still good.

    Posted by: Daniel Chaytor | December 3, 2009 12:32 AM



  13. On the plus side it seems that it will lower the barrier to entry for smaller retailers to be able to process card payments quickly and efficiently however like someone mentioned already in the UK and a bunch of Europe we use chip and pin which is much faster than this. Also a bunch of banks are now rolling out cards with nfc so will be interesting to see how square deals with that.

    Posted by: Charles Olive | December 3, 2009 2:18 AM



  14. RE: Engago team...

    "iPhone has no security:
    - not inthe phone
    - not in the transmission

    After swiping your credit card data is open to anyone to steal."


    You obviously didn't read how the device works. It converts your CC data into an audio fie that is inaudible and uploads that to the APP. You really should read more than one article before commenting.

    Posted by: Haatch | December 5, 2009 5:39 AM



  15. I thought iswipe is similar to Square mobile payment system but I think they differ because iswipe needs a merchant account. So I assume square don't need any. This technology is great! hoping this will also be available in my country soon.

    Posted by: Lito|TheFilipinoEntrepreneur.Com | December 11, 2009 6:43 AM



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