square payments Archives

Mobile wallet taken down by Square

05/16/201405/15/2014 Julie Campbell

Square Inc. mobile payments nfc technology

That said, the company has not given up on mobile payments and intends to try again with a new app. Square has announced that it is giving up on its mobile wallet app and that it is taking the app down because it simply didn’t catch on among consumers, despite the fact that it was first introduced back in 2011. The app was designed to help local merchants to offer a fast and easy mobile payments solution to customers. However, even among the merchants that did adopt the use of…

Mobile payments “success” story, Square, in sale talks

04/24/201404/22/2014 Jennifer Goula

As the struggles that are faced by the company continue to grow, discussions of acquisitions grow. Square has been seen as a startup that has everything it takes to succeed, and while it has achieved international adoption and is among the most widely recognized brands in the mobile payments industry, it has been facing a rising number of struggles and there are now talks that acquisition could be in its future. The problem is that its cash is continuing to shrink while its losses continue to broaden. Reports are now…

Mobile payments through Square Wallet include gift cards

04/03/201304/02/2013 Stephanie Beck

The smartphone friendly transaction system is now adding a new electronic funds source. Square has just announced that its Wallet app has been updated for both iOS and Android devices in order to be able to allow its users to make mobile payments through gift cards, in addition to the other funding methods available. Users are able to send the gift cards directly through Square from their e-receipt. As soon as a Square customer receives the electronic receipt from a merchant that accepts this brand of mobile payments, he or…

Mobile payments from Square slowing down at Starbucks

03/28/201303/27/2013 Jorge Gonzalez

The smartphone wallet program is not growing at the same rate that it had once enjoyed. According to the latest reports that have been published, the mobile payments system from Square is starting to lose steam at the massive Starbucks coffee chain, which has always been recognized for considerable smartphone transaction successes. There appear to be some issues that are getting in the way of usage of the transactions. Among the primary reported struggles for this mobile payments program is that baristas at Starbucks are struggling to complete some of…

Mobile payments cease and desist order received by Square in Illinois

03/04/201303/21/2014 John Montgallo

Regulators within the state have halted the company from processing transactions until it obtains licensing. Illinois regulators have just slapped Square – a startup mobile payments company that is making a major splash in the industry – with a cease and desist order, saying that it has not taken adequate steps to receive appropriate licensing in the state. This has ground the progress of the smartphone transactions from that company to a halt. It has also meant that a number of small businesses such as coffee shops and other retailers…