Before raising its latest $100 million in funding, Square was in talks with Apple regarding a possible acquisition, reports TechCrunch this afternoon. The outlet says that the two companies held discussions briefly, but the conversation quickly ended when their final numbers didn’t match up.
Apparently Apple was willing to pay around $3 billion for the mobile payments company, about 30% over its value. TechCrunch even claims that the Cupertino firm showed Square hardware it was working on that would compete directly with its point-of-sale tools, but the company declined. Read More
In a last-minute scoop, Bank Innovation reports that it has learned that both Square and PayPal have been working with Apple on its mobile payment solution. Sources tell the site that both companies have been aware of Apple’s so-called ‘iWallet’ payments initiative for a while now, and are updating their services to support it. Read More
Square has released a big update for its Cash app this afternoon, bringing it to version 2.0. The app, first released in October of last year, facilitates the quick transfer of money from one user to another via e-mail, and today’s update makes the process even faster.
The UI for sending and contact screens has been optimized in Square Cash 2.0, making it easier to send money, and you can also now add notes to your payments. But perhaps the biggest addition in today’s update is the ability to send cash to anyone via text message. Read More
Moreover, some of Square’s talent comes straight from Apple, including director of engineering for the iPod, iPhone and iPad accessories, Jesse Dorogusker, who recently left the company to join Square.
After allowing Google to buy smart thermostat and smoke detector maker Nest Labs back in January, pundits have observed that Apple should be wise enough to avoid repeating the same mistake twice. Be that as it may, Apple is said to have mulled an acquisition offer for Square.
The possibility of such a deal has been floated on Wednesday as rumors of both Apple and Google discussing a possible acquisition with Square continue to persist. Although CEO Jack Dorsey would reportedly prefer selling the company to Apple, not Google, a deal with Apple is wishful thinking for now… Read More
Square unveiled a new version of its Square Reader accessory today, which is used to input credit and debit cards into the Square app. It says the new Reader is roughly 45% thinner than its predecessor, and is more accurate at reading cards thanks to its new design.
But what makes the new device really interesting is who designed it. According to a report from Wired, Square’s new ultra-thin card reader was developed by a team led by Jesse Dorogusker—a former Director of Engineering at Apple and developer of the Lightning plug… Read More
Square opened up its Square Cash service to the public today, after spending several months in beta. The service allows users in the United States to send money to one another using nothing but an email address and a debit card.
The service is easy to use. Transactions are free, and there’s no need to setup an account to process them. Money can be exchanged by sending an email with a dollar amount in the subject line and firstname.lastname@example.org in the CC field… Read More
Even if you’re not a Square user, you should pay attention to what the company is doing in the mobile payment space. This is an area Apple has long been rumored to be getting into, expanding on its Passbook app, and if that happens, Square will be among its top competitors.
Having said that, Square updated its popular Register software today, bringing the app to version 3.2. The changes made in the update are fairly significant, and include the ability to track and record a number of various payments types, and [finally] Bluetooth printer support… Read More
Twitter founder Jack Dorsey’s mobile payment startup Square has been gaining serious traction, slowly but steadily. Just recently, the company released a stylish Stand accessory which turns your iPad into a full-blown cash register.
Square has also updated its Register app with kitchen tickets and a bunch of new features for restaurants and today their universal Wallet iOS app has received a face-lift and gained several new capabilities in a major 3.0 update… Read More
Look out Square and Paypal, Payleven has inked a major deal with Apple to sell its mobile payment solution. The Rocket Internet-backed startup is now selling its Chip & PIN at a number of the company’s retail and online stores.
Payleven says it has been talking to Apple about a global distribution deal for several months now, and the two sides only recently reached an agreement. Apparently the company is as protective of its retail stores as it is its App Store… Read More
Twitter co-founder Jack Dorsey’s other startup, the payment service Square, today announced an interesting hardware dubbed the Square Stand. The all-white stylish accessory lets merchants run their business from an iPad and requires the Square Register iPad app to process payments. The Stand shouldn’t be confused with the Business in a Box, Square’s $299 (and up) bundle that incorporates an uglier iPad stand, cash drawer and an optional receipt printer… Read More
Square’s Register, the free point of sale app, has been available on the iPhone and iPad since May 2010 and has seen a number of updates since. And with the release of Square’s all-in-one $299 iPad POS bundle in February 2012, the Register app gained prominence as the POS solution was designed from the ground up to work wirelessly with the Register app. Today, Square updated the Register software with kitchen tickets and several new ordering features to better server restaurant owners… Read More
If you run a small business such as a grocery store or otherwise deal with cash and credit card payments, you absolutely must have at least a cash register and one or more credit card terminals to process payments. Lucky for you Square has an interesting all-in-one solution that contains everything you need to make a jump into the 21st century.
A missing link in Square’s mobile payment offering, the Business in a Box comes with an iPad stand, cash drawer and an optional receipt printer. It all works wirelessly with Square Register, is fully customizable and prices start at $299. Almost makes me wanna start a business just so I could pose behind such a sophisticated point of sale. An inspirational promo video is after the break.. Read More
News made rounds earlier today that Twitter co-founder Jack Dorsey’s another startup, Square, just snapped up design shop 80/20. Square makes an awesome iPhone and Android payment solution based on a credit card dongle and it recently teamed up with Starbucks on micro-payments.
Headquartered in New York, 80/20 is renowned for its design work on user interfaces. They did a dashboard for the electric vehicle company Better Place and a sexy fitness-tracking watch for Google’s subsidiary Motorola.
Here’s why Square and 80/20 are a natural fit, why the deal makes in a greater scheme of things and why you should care… Read More