Twitter Founder Jack Dorsey's Square Mobile Payment Platform Debuts
Yesterday saw the unveiling of a potentially groundbreaking product:
The idea – let people quickly and easily accept physical credit card payments from their
mobile phone. A small device attaches to the phone via the headset/microphone jack. The device gets the power it needs to send data to the phone from the swipe of the card, and sends the information over the microphone connection. Based on the shots below, the device is compatible with both the iPhoneand Android (or at least the recently released Droid).
paypal, but anyone can now accept physical credit card payments, too. With no contracts or monthly fees. People are sent receipts by text and email.