Now that Amazon has decided to compete with Square and PayPal in the mobile payments market, does that mean mobile payments, after sputtering for years, is set to take off? Yes, says Alberto Jimenez, director of mobile payments at IBM.
Square--which enables credit and debit card payments via smartphone--has hired prominent security researcher Dino Dai Zovi and initiated a bounty program for others to help the company identify vulnerabilities in its Square.com and Squareup.com websites.
Check out the hottest mobile IT news for July 24, including where the first wearables will truly flourish, the coming fight for Apple in mobile install ads, the difference in revenue between mobile websites and mobile apps, the latest connection that makes Square more approachable and a joint venture with Samsung and Oculus.
Square is ditching its Wallet app and replacing it with Order--a new mobile payments app that allows customers to purchase products before entering the store. Pundits wonder if the mobile wallet experiment has failed.
Check out the hottest mobile IT stories for April 9, including rumors of Apple and Google mulling over purchase of Square, Google's new "Glass at Work" program for wearables in the workplace, who tops the mobile point-of-sale vendor list at ABI, the struggles of mobile brand engagement and the development of faster in-flight Internet by provider Gogo.
Square, the company that helps small businesses take credit card transactions froma smartphone or iPad, might have reached a critical juncture.
Retailers that enable mobile checkout will be able to serve more customers and shorten checkout wait times, reducing lost sales from shoppers who don't want to wait in long lines during the holidays, judges Shailendra Pandey, senior analyst at Informa Telecoms & Media.
Square is integrating Intuit's QuickBooks small business accounting software into its Register point-of-sale system, enabling merchants to automatically import transaction data into their QuickBooks customer account.
Square upgraded its Register point of sale application for Apple's iOS, enabling merchants to record and track all varieties of payments.
Apple and Square are partnering to sell docking stands that turn iPads into point-of-sale systems for retail stores beginning this week, 9 to 5 Mac is reporting.