Wednesday, December 2, 2009
WOW. A new app is on the block and this one got some innovation behind it.
Still being Alpha tested in NYC, Square is a new iPhone payment processing system that allows pretty much anyone to start accepting credit cards through their iPhone. The apparently simple to use interface and easy to plug in adapter transforms a standard iPhone or iTouch into a credit card reader. It's all paperless so receipts are emails out including a map of purchasing location (geomaps...cool), a penny is donated to your charity of choice per transaction, picture verification is available for security and frequent purchase rewards are also available without punch cards (you know much you love keeping 10th one free cards in your wallet)!
So my first instinct was where can I try it and I want one for my business!
Then I started wondering if everyone is walking around with credit card machines how this would impact credit card theft and misuse. I think I need to investigate this more with some primary research and o'darn, guess I have to go all the way to NYC to test it out!
More information: http://squareup.com/