Tag: Square

Snapchat to shut down in-app mobile payments service

Stephanie Beck
Snapchat in-app mobile payments sevice Snapcash to shut down - Snapchat on mobile

The closure of Snapcash has been confirmed by Snapchat. The in-app mobile payments service, Snapcash, offered through social media network Snapchat, will soon no longer be available. Some speculate the closure of the mobile payments service is due to it becoming more of a liability for the company than a utility. Snapcash was being used as a method to pay for private adult content over Snapchat. Although the reason behind shutting down the in-app mobile payments feature has yet to be disclosed, TechCrunch speculates that it may be due to…

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Square bets on EMV standards improving the mobile payments space

Stephen Vagus
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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Square mobile payments have now launched in Australia

Jennifer Goula
Square Inc. mobile payments nfc technology

The smartphone based transaction company has now launched its services into a fourth marketplace. Square has now launched its mobile payments services into its fourth marketplace, as it has stepped into Australia, giving small businesses in that country the opportunity to use their smartphones and tablets as credit card reading point of sale devices. The other countries in which the service is available include the United States, Japan and Canada. This announcement arrived nearly immediately before Square was to make the announcement of its first earnings report since the mobile…

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NFC technology now supported by Square mobile payments reader

Julie Campbell
Square Inc. mobile payments nfc technology

This allows small business merchants to accept payments from mobile wallets like Apple Pay and Android Pay. While Square had previously allowed mobile payments to happen through the swiping of a credit card through a simple dongle attached to a mobile device, among other means, it has now upgraded to use NFC technology, which will open the door to compatibility with a broad spectrum of different mobile wallet app based transactions. This has considerably changed the environment when compared to the company’s original model. The new dongle that is NFC…

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Starbucks to end partnership with leading mobile payments firm

Stephen Vagus
Starbucks Mobile Payments App

Starbucks and Square will no longer be working together in the mobile commerce space Starbucks has become a major leader in the mobile payments space. The company has managed to find success in the mobile market with the help of Square, a mobile commerce specialist. The two companies first began working with one another in 2012, when Starbucks began using the mobile payment services offered by Square. While the two companies have managed to find success in working with one another, their partnership is set to come to an end.…

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