Ecommerce – Mobile Payments

Have you heard of Square yet? It’s the hot new mobile payments tool for smartphones/mobile devices. Visit

Square wants to replace cash registers, loyalty cards and paper receipts — with one device.

From the NYTimes on Tuesday:

On Monday, Jack Dorsey, Square’s co-founder and chief executive, announced a way for shoppers to pay by simply giving their name to the merchant. Mr. Dorsey, who also co-founded Twitter, said customers would use a new feature on Square’s iPhone or Android apps, called Card Case, to make payments. Merchants would use one called Register to ring up and track purchases.

Square device for smartphones
Square device for smartphones

Point of Sale technology is ripe for change

Recent comments at the article.

Nick Houldsworth wrote: I work for a web based point of sale software start-up called Vend ( I think this is a fantastic development. We at Vend, alongside some other startups (Cashier Live, Erply) been working on disrupting this sector for a while now. Traditional POS is expensive, clunky, and requires outrageous maintenance and infrastructure costs. We’re pleased to welcome a large and well funded player such as Square, into this space. Their iPad app may not be for all retailers (lacking some of the finer control over inventory, barcode scanning, and integration into 3rd party apps such as ecommerce and accounting) but for a simple get up and go POS and payment system, and an innovative shake up to the industry, this can only be positive :)

I ordered a Square reader for Android. It will be great to sell items without using PayPal.

One major POS equipment maker is Verifone. As quoted in the NYTimes article… Good luck, Mr. Bergeron. I think your prediction of failure is wrong:

Initially, the company most in Square’s sights is Verifone, whose point-of-sale terminals and software are in 70 percent of businesses in the United States. In an interview before Square’s announcement, Doug Bergeron, Verifone’s chief executive, said that Square would not catch on for payments because people will prefer N.F.C. technology and have security concerns about using Square.

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