Comments on: Jack Dorsey on Square, How It Works & Why It Disrupts

By: Who’s Afraid of NFC? Not Square: Tech News and Analysis «

Who’s Afraid of NFC? Not Square: Tech News and Analysis « — Mon, 07 Feb 2011 23:00:51 +0000

[...] I first wrote about the company over a year ago, and outlined why I thought it was going to be a disruptive start-up. Since then I have followed the company and its competitors closely. The company recently got a $27.5 million fresh capital infusion from Sequoia Capital and according to The Wall Street Journal, is valued at over $240 million. Why such optimism around Square? [...]

By: Dan

Dan — Sun, 16 Jan 2011 23:01:47 +0000

You can just enter a credit card and charge with this app (3.25% given to square)

If you swipe the card using the reader, they’ll take 2.50% instead.

By: Dan

Dan — Sun, 16 Jan 2011 22:58:15 +0000

Even if everything you’ve mentioned is true, it’s still a great device for me (freelance designer) to score clients I would not have been able to do in a cash-only transaction.

The square its self was free, and took two days to get to my house once I signed up.

By: Rennek

Rennek — Mon, 03 Jan 2011 21:41:40 +0000

The dongle is not PCI compliant because the audio signal can be recorded by software in the phone, storing all the credit card numbers. Also, I feel sorry for the company that decided to take all the risk associated with having non-merchants giving the ability to take credit cards. Epic fail if you ask me. Paypal tried doing this before and it failed because everyone was using it to pay for back alley transactions…

By: Tolu

Tolu — Tue, 26 Oct 2010 21:26:22 +0000

imaging if we could turn everything into an audio signal?

http://www.transolveltd.com

By: Amidst Rising Competition, Square Launches

Amidst Rising Competition, Square Launches — Tue, 11 May 2010 17:00:28 +0000

[...] 0 I can’t help but notice the degree to which — from the time I first waxed eloquent about Square, a San Francisco-based mobile payments startup, to today, when the company officially [...]

By: Pay for Drinks at SXSW Using Your iPhone « Aurora LIVE

Pay for Drinks at SXSW Using Your iPhone « Aurora LIVE — Wed, 10 Mar 2010 00:55:09 +0000

[...] to have their own coming out parties. We contacted Square — the mobile transaction company founded by Jack Dorsey of previous SXSW breakout success Twitter — to ask about its SXSW plans but haven’t heard back [...]

By: Pay for Drinks at SXSW Using Your iPhone – GigaOM

Pay for Drinks at SXSW Using Your iPhone – GigaOM — Tue, 09 Mar 2010 01:01:29 +0000

By: PayPal Wants to Hitch its Wagon to The Social Train – GigaOM

PayPal Wants to Hitch its Wagon to The Social Train – GigaOM — Thu, 25 Feb 2010 21:27:51 +0000

[...] for well over a year now. Instead, much of the recent buzz has been around Square, the hot new mobile-payment gizmo created by Twitter co-founder Jack Dorsey. As entrepreneur Patricia Handschiegel noted in a blog [...]

By: Sporting Dude

Sporting Dude — Tue, 23 Feb 2010 07:19:19 +0000

Contact: twitter.com/@SportingDude

Here's the future. Ready?

You have your encrypted financial info on your smartphone. Your touchscreen is a thumb print verifier so that only you can access your financial data.

Through Bluetooth, you beam your transaction approval data (account, amount, encrypted thumb print "signature") to the other smartphone.

The receiving smartphone then Wi-Fi's or 3Gs up the data to the clearing house for payment.

Thank you.

By: Venmo’s Simple, Loaded Premise: Pay Your Friends From Your Phone – GigaOM

Tue, 16 Feb 2010 21:06:35 +0000

[...] plenty of smart people working on the mobile payments problem — for example Twitter founder Jack Dorsey’s Square, which is targeting merchants with a point-of-sale hardware [...]

By: Why Is PayPal Still So Hard to Find on Mobile Devices? – GigaOM

Why Is PayPal Still So Hard to Find on Mobile Devices? – GigaOM — Sat, 13 Feb 2010 17:02:12 +0000

[...] the buzz in mobile payments in recent months has been centered on Square, whose little white dongle turns an iPhone or iPod touch into a credit and debit card reader. [...]

By: Ian P. Hines | Speculation About the Possible Implications of Square on Political Fundraising

Wed, 10 Feb 2010 18:26:42 +0000

[...] Square, a new venture from Twitter co-founder Jack Dorsey, is set to revolutionize the way that normal people make financial transactions. What exactly is Square? It’s essentially a small magnetic reader that plugs into the headphone jack of an iPhone. When a credit card (or a debit card) is swiped through the reader, it reads the data and converts it into an audio signal. The microphone picks up the audio, sends it through the processors and then is routed to Square’s software application on the iPhone. From there the encrypted data is transmitted using either Wi-Fi (for iPod touch) or a 3G Internet connection to back-end severs, which in turn communicate with the payment networks to complete the transactions. (Source) [...]

By: Ray at Fatsoma

Ray at Fatsoma — Thu, 28 Jan 2010 12:47:08 +0000

What excited me most about Square is the possibility for reps and “superfans” to sell e-tickets using this software on behalf of events promoters and artists. Integrated with an online promotion platform this means that everything would be electronic. A promoter would list the event and tickets on their website then invite their reps to sell. These reps could then use person-to-person sales alongside their usual Facebook links and other online referrals. When they sell in person the receipt will be sent directly to their phone via SMS, shortly followed by their e-ticket, which contains a barcode. The guests can then turn up and flood into the venue by having their phone screens scanned. This is the final piece of the jigsaw for seamless promotion, sales and operation of events we’ve been striving for. And what’s more, no trees were felled for paper during this process so we can save the world one night out at a time! But we do need a chip and pin version first for the UK and Europe.

http://www.fatsoma.com – online promotion and ticketing platform
http://www.somasoapbox.com – event and music industry blog

By: Soma Soapbox

Soma Soapbox — Wed, 13 Jan 2010 12:39:01 +0000

[...] The technology is a potentially disruptive mobile financial service consisting of a dongle-type cube that can be attached into any device that contains an audio input jack, such as a mobile phone. The Square devise is a small magnetic reader used to swipe credit and debit cards in order to complete person-to-person card transactions. All major credit card suppliers have provisionally agreed to accepting the service, and while currently the device is only supported by iPhones and the iPod Touch, further software is under development to create a uniformly accepted payment system on any smart mobile phone. The transaction takes approximately 10 seconds and is completely paperless, only sending email or SMS receipts. This article is not aimed to be a technology news-feed or information pack, rather an assessment of the likely effects of Square. For more information on how the process works and for alternative assessments of the device, please read these excellent blogs by Jaypee Habaradas, Frederic Lardinois and Om Malik. [...]

By: Steve

Steve — Wed, 13 Jan 2010 05:51:38 +0000

Iphone App?? that is a main priority? Where is the windows mobile App?? Since windows mobile users outnumber iphone users by 10 fold. Business people use windows mobile based phones and regular consumers use iphones, so I don't get what they are doing?