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Jack Dorsey, one of the co-founders of Twitter, has just launched a new project called Square. It’s a mobile payment service that seems to cover a lot of bases. A small square dongle using the 3.5mm jack (from which the company earns its name) allows for credit card swiping. Sellers can get receipts sent to their e-mail and SMS for approval if need be, and everything is stashed securely in the cloud for future viewing. Buyers can sign for purchaces on a touchscreen, and if the seller needs additional security, can get a verification popup asking “Does the person buying your doodad look like this?” if the buyer has a Square account. If that’s not enough, they also toss in some philanthropy: Square will donate a penny to a charity of the seller’s choice for every transaction they make. Neat stuff all around. No word on a release date (though beta is opening soon) or device compatibility, but Android and iPhone are shown off prominently.
[RT @jack]
About The Author
Simon Sage
Simon Sage’s education largely surrounded writing, technology and online community, leading him to begin his blogging career at www.BlackBerryCool.com and to quickly discover a vibrant and active community surrounding BlackBerry and mobile technology. In exploring RIM’s platform, he has learned what enterprises are looking for in mobility as well as what makes the innocuous BlackBerry so appealing to them. Recently Simon’s been covering RIM’s gradual move into an already-crowded consumer market, and the impact of burgeoning challengers, such as the iPhone, as well as long-time leaders, like Nokia, on BlackBerry’s advancement. With plenty of content under his belt, Simon will be branching off a bit to see what other smartphone manufacturers are working on while still using BlackBerry as a barometer. At IntoMobile, you can count on his posts being even-handed, well-informed and thought-out.
