Square launches 'Register'

Square has made a bold play targeting small merchants by offering an all-in-one payment, POS and rewards system via its newly announced Register app for iPad.

A bold new approach largely aimed to empower small businesses to track and manage their sales more effectively and simultaneously take credit cards. All this for free (save the price of credit card processing).

But it isn’t without limitations, tech support from Square, for example, isn’t likely to be as responsive as the 24-hour live support that often comes included with or as an optional add-on for more sophisticated and expensive POS systems.

Source: BetaKit

Pay your tab even before you get your food

 Tabbedout: A Mobile Payment App for Restaurants and Bars

Source: Entrepreneur

Square hits 1M merchants

Mobile POS darling Square keeps hitting milestones.

The company's official Twitter account announced yesterday that 1 million merchants had signed up for its point of sale solution. Company CEO Jack Dorsey put that number in persepective on his Twitter feed:
"To put that in perspective: there are only 8 million merchants who accept credit cards in the US. @Square has added 1 million."

There was no response from Dorsey on how many of those merchant accounts are actually active, but he said recently that Square is processing $11 million per day in transactions.

Source: Mobile Payments Today