Articles about square

Square contactless Reader

It's hip to be Square: Twitter founder Jack Dorsey's other firm targets White Van Man

Profile Ever wandered into a bank on weekday morning and marvelled at length of the queue? In a supposedly cashless era, it's the sight of a nation of shopkeepers depositing its cash. Co-founded by Twitter CEO Jack Dorsey, Square brings credit card payments to merchants who'd find them otherwise prohibitively complicated and expensive …
Andrew Orlowski, 25 May 2018
A bunch of shadow people leg it across a backdrop of dollar bills (conceptual illustration)

Which tech stocks are suffering and – crucially – why?

Analysis With the stock markets on a slide since the start of the year, the usual game of over-hyping companies that are doing well has flipped and now the game is to give companies – particularly tech stocks – a good kicking on the way down. Much of the current frenzy appears built around Twitter, which is having a bad year, and the …
Kieren McCarthy, 20 Jan 2016

From $6bn to $4.2bn to $2.9bn: Square's ever shrinking unicorn horn

Analysis Silicon Valley is going to see just how much of its own hype has transferred to Wall Street Thursday with a rare IPO of one of its "unicorns" – companies that venture capitalists have valued at over $1 billion. The credit card reader company Square – which has yet to turn a profit – will be selling a portion of its shares at a …
Kieren McCarthy, 19 Nov 2015
Square payment system

No longer Square: Pear-shaped payments biz seeks buyer - report

Square, the darling of the first-world mobile payments community, is rumoured to be looking for a saviour. Despite having despite having raised huge amounts of cash the company is running out of the stuff. The Wall Street Journal reports that Square has been in abortive discussions about a buyout with Google, Apple and PayPal …
Simon Rockman, 24 Apr 2014
Square payment system

Jack Dorsey in IPO talks over payment platform Square - report

Twitter co-founder chats to banks about floating ANOTHER profitless firm Not content with one high-profile IPO, Jack Dorsey is trying to get his other startup, payments firm Square, onto the market in 2014, according to recent reports. Dorsey, who founded both Square and Twitter, has held discussions with banks about getting the company that lets you make payments with your mobe or fondleslab ready …
Square reader on an iPod Touch

Send dosh (insecurely) via email, Jack Dorsey's Square tells punters

Not content with revolutionising shopping as we know it, uber-cool money-transfer outfit Square has launched a peer-to-peer payment system – secured only by an SMTP password. Square – the payment firm developed by Twitter founder Jack Dorsey – has debuted a new service, Square Cash, which authorises transactions with an email …
Bill Ray, 17 Oct 2013
Square contactless Reader

The tips stop here: Starbucks to take Square Wallet payments

Starbucks coffee shops in America, all 7,000 of them, will start accepting payments from Square's Wallet next month, but they'll be no tipping until 2013. Starbucks has $25m invested in Square, the revolutionary new way of paying which is neither revolutionary, nor new, but does have a Silicon Valley celeb at the helm and $ …
Bill Ray, 5 Oct 2012
Square contactless reader in packaging

Wobbly swipe reader Square gulps down another $200m

Beloved son of the Twitterati Square has swallowed another $200m in VC cash, apparently pegging the company at a value of $3.25bn. Square didn't invent credit card readers of course, neither did it create the first card terminal on an iPhone, but it does have Twitter-founder Jack Dorsey's name attached, and the tacit approval …
Bill Ray, 18 Sep 2012
The Register breaking news

Bluetooth gizmo lets you take card payments via smartphone

Retailers who've been waiting for Square to jump the pond can now sign up with startup mPowa, and start using a Bluetooth reader capable of processing Chip 'n PIN cards. mPowa does have a reader almost identical to the headline-grabbing Square, one which balances on top of an iPhone to read the magnetic stripe, but they'll …
Bill Ray, 2 Jul 2012
The Register breaking news

VeriFone takes on Square with cheaper iPhone-friendly kit

Payment-terminal giant VeriFone is finally taking the fight to upstart Square, with its own iPhone-friendly card reader and lower transaction fees along with a cloud-based control panel and promises not to treat every customer as a potential criminal. VeriFone dubs its Square clone "Sail", on the basis that its iPhone …
Bill Ray, 8 May 2012
The Register breaking news

Branson backs Twitter co-founder's mobile biz

Twitter co-founder Jack Dorsey’s mobile payments startup Square continues to attract high-octane investors, this time welcoming Sir Richard Branson on board. The last round of funding announced in September was $100m and was led by Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers. “I’m very passionate …
The Register breaking news

Square pushes pay-by-facial recognition

Web 2.0 darling Square is promising to make everyone a regular by promoting pay-by-face: just smile and ask to have your purchase put onto your bill with no authentication required. The system, which is opt in, knows which store you are in from the location of your phone, so presents the iPad-equipped shopkeeper with …
Bill Ray, 4 Nov 2011
The Register breaking news

Square gets $1bn valuation with $100m investment

Square has raised another $100m, giving the payment processor a valuation of $1bn and a new board member in the shape of Mary Meeker, a partner at investor KPCB. The $100m investment follows $27.5m that was dropped into the business in January, and the original $10m raised on the back of Twitter-founder Jack Dorsey's idea. …
Bill Ray, 29 Jun 2011
The Register breaking news

Apple Square sallies forth from stores

Square is now in the Apple stores, both physical and virtual, putting the banking revolution in a plastic cube in front of a lot more eyes than its competitors. For only $10 anyone can drop into an Apple store, pick up a Square box to plug into an iPhone, download the free app and start taking credit card payments. As long as …
Bill Ray, 26 Apr 2011
The Register breaking news

VeriFone ramps up the fear factor

Payment processor VeriFone has launched a blistering attack on newcomer Square, claiming Square's hardware opens the way for criminals to skim cards – without noting that such skimming is already commonplace. So concerned is VeriFone with your security that it has set up a special website explaining what Square is doing wrong …
Bill Ray, 10 Mar 2011
The Register breaking news

Price war beckons for mobile payments

Square, the beloved mobile payment system set up by Twitter founder Jack Dorsey, has dropped its 15-cent transaction fee as it tries to compete in the real world. Square was touted as revolutionary when launched in 2009, and had VCs falling over themselves to contribute the $37.5m needed to implement its smart-phone-attached …
Bill Ray, 23 Feb 2011
The Register breaking news

iPhone mag-stripe reader stalled

Square, the breakthrough business launched by twitter-founder Jack Dorsey, won't be shipping as scheduled. It seems that taking credit card payments is more complicated than anticipated. Square was launched last December and scheduled to be in users' hands by “early 2010”, but the company has admitted that it “released parts …
Bill Ray, 21 Jun 2010
The Register breaking news

Twitter founder signs up to iPhone mag-stripe reader

Jack Dorsey, co-founder of Twitter, has launched a mag-stripe reader for the iPhone, proving you don't need a good idea to garner VC dollars. Dorsey's "Square" service comprises a magnetic strip reader balanced precariously on the bottom of an iPod Touch, or iPhone, along with an application which processes the transaction and …
Bill Ray, 2 Dec 2009

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