Square bets on EMV standards improving the mobile payments space

Square Inc. mobile payments nfc technology

Dorsey has high hopes for EMV standards Jack Dorsey, CEO and co-founder of Twitter and CEO and founder of Square, wants his mobile payments company to be universally recognized as a leading mobile commerce firm. Dorsey believes that the coming shift toward EMV standards will help Square accomplish this goal. Square has released its first earnings report since its initial public offering, showing that it has received 350,000 pre-orders for its EMV-enabled card reader, which can be used to process mobile transactions. New standards may speed up mobile transactions According…

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Mobile payments from Square step out of the U.S. and into Canada

Jack Dorsey, co founder of Twiitter

This international step was taken by Jack Dorsey, of Twitter fame. Co-founder of Twitter, Jack Dorsey, is taking Square for an international leap, expanding it outside of the American borders and into the fast moving Canadian mobile payments marketplace. This effort is to help to expand Dorsey’s vision that “commerce is easy for everyone”. It is his belief that Canada is primed and ready to use his most recent technology startup. The launch of Square, a free mobile payment credit card reader, has now made its way into Canada, two…

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Richard Branson backs Square mobile payment startup

Richard Branson

Mobile payment startup, Square, which is recognized for its board of directors that features big names such as Lawrence Summers, the former U.S. Treasury Secretary, now has another notable supporting its cause: Virgin’s Richard Branson, the U.K. billionaire. According to a spokesperson from Square, Branson has added his support by making what is being called a “multimillion” dollar investment into the company. The actual amount of this investment has yet to be disclosed. This is not an entirely new experience for Square, is it had previously received an investment of…

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