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Square just got a big boost with Starbucks adopting the company’s credit card processing technology. Under the terms of the deal, the coffee chain will allow its customers to use Pay with Square, Square’s payer application, at participating U.S. Starbucks stores later this fall, and find nearby Starbucks locations within Square Directory. In order to pay for their coffee with Square, customers will have to download the Pay with Square application and set up an account on their iPhone or Android device.
Additionally, Starbucks will invest $25 million in Square as part of the company’s Series D financing round, with Starbucks’s chairman, president and CEO Howard Schultz joining Square’s Board of Directors…
Finally, we have a comment from Square’s co-founder and CEO Jack Dorsey – he said: “We’re proud that Starbucks chose Square, as we share the value of always putting customers first. More than 2 million individuals and businesses can already use Square. This partnership will accelerate our ability to provide them with the tools they need to grow their business and thrive in today’s economy.”
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
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