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.
Square is expanding its digital payments platform into the retail segment with the launch of Square Market, an online marketplace challenging sites like Amazon, eBay and Etsy.
Square co-founder Tristan O'Tierney has left the fast-growing mobile payments startup, announcing his exit via Twitter.
Square is launching its mobile payment processing network in Japan, its first expansion outside of the North American market. Square took its first international steps in fall 2012, rolling out services in Canada.
Square is now processing more than $15 billion in payments on an annualized basis, up from $10 billion six months ago. The figure excludes transactions completed by coffeehouse chain Starbucks, which began allowing consumers to pay for purchases via the Square Wallet application for iOS and Android late last year.
It is good to see a Fortune 500 company such as MasterCard concerned with the competitive capabilities of small businesses and pushing for their ability to leverage big data analytics like it does.
Square is building a recommendation engine that suggests nearby places to visit based on the consumer's mobile transaction history, The Verge reports.