Square hits Starbucks in early-November; Save your tips until Summer 2013

Starbucks will kick off its Square payments system in early November, with the system expanding to support digital tipping for your favorite barista in summer 2013. The news follows the addition of Starbucks loyalty card to Apple’s Passbook in iOS 6, and will see around 7,000 US locations taking the Square Wallet payments from next month.

Square and Starbucks announced their deal to use the mobile payments upstart back in August. At the same time, Starbucks cut out its existing credit and debit card processing partner, replacing them with Square’s backend, and invested $25m in the firm.

As the mobile app provision increases, Square and Starbucks will make buying a cup of coffee even more straightforward. Passbook will automatically flag up the Starbucks Card on the iOS device’s lock screen when they enter a store, and they’ll be able to pay by “swiping” their phone.

The agreement was lauded as reducing Starbucks’ processing costs as well as increasing Square’s footprint as a payments service provider and making it more likely that users would take the time to install the mobile app. However, the addition of tip support – although tardy after payments in general have been accepted – will offset any shortfall in tipping to store staff themselves, who might suffer from a reduction in cash payments for smaller amounts.


Square hits Starbucks in early-November; Save your tips until Summer 2013 is written by Chris Davies & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.


Wanna Pay for Things Using Square’s Smartphone App? Here’s Every Business That Will Let You Do That [Square]

Square Wallet—formerly Pay With Square; formerly Square Card Case; formerly something else probably—is a platform agnostic alternative to Google Wallet, Apple Passbook and, soon, Microsoft Wallet. It allows you to pay for goods using only your phone. But knowing which businesses actually support this technologically-advanced method of mercantilism can be harrowing. Lucky for you, Square compiled a directory of every business that is Square Wallet-friendly. Now you can leave your wallet at home sometimes? [Square] More »

Editorial: Square gets the attention, but credit cards rule

Editorial Square gets the attention, but credit cards rule

Lower Manhattan, Pearl Street, the Financial District. A Starbucks with broad windows, great for people watching. Sipping my $5 flavored coffee, I watched a homeless man sit on the sidewalk. I liked him immediately: his sharp gaze and thoughtful expression. When I left, I squatted down next to him and put five bucks in his jar, contributing the cost of my first-world coffee to the man’s case for survival.

We talked. He knew his tech, this man of no possessions, describing his favorite productivity gadgets of the past decade, scorning Apple for form over function. He had been living on the street day and night for two years. My five dollars was “huge,” he said. I knew that was true only microcosmically. He liked cigars. That’s where the cash would go.

Meanwhile, Starbucks had recently cut a deal with Square, one of the hottest startup stories of the season, so that people with five dollars to spend on coffee needn’t pull out a wallet and ponder their privilege.

Continue reading Editorial: Square gets the attention, but credit cards rule

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Editorial: Square gets the attention, but credit cards rule originally appeared on Engadget on Tue, 02 Oct 2012 14:00:00 EDT. Please see our terms for use of feeds.

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Square international roll out in 2012 as $200m funding round closes

Mobile payments provider Square will roll out international service by the end of 2012, with the company confirming the roadmap while also announcing a new round of funding. The Series S funding – of which Starbucks is an investor, as previously announced – sees Citi Ventures and Rizvi Traverse Management inject cash into square, which uses simple credit card scanners that plug into the headphone jack of iOS and Android devices.

Square won’t say exactly how much it has raised in this round, though a spokesperson told AllThingsD that it exceeds $200m. $25m of that is from Starbucks, in a deal which will see the coffee chain switch its payment processing to Square’s system, and eventually allow customers to buy their coffee with apps on their smartphones and tablets.

According to ATD’s source, the final investment valued Square at $3.25bn. The company says it processes $8bn in payments annually.

Details on which will be the first country outside of the US to get the Square system have not been revealed, though the European Chip & PIN approach to payments may well cause some headaches along the way. Rather than a regular swipe-and-sign approach, as in the US, European payment terminals scan an integrated chip in the credit card, and then rely on PIN number authentication. That will require a new design of Square scanner at the very least.


Square international roll out in 2012 as $200m funding round closes is written by Chris Davies & originally posted on SlashGear.
© 2005 – 2012, SlashGear. All right reserved.


Final Fantasy Ultimate Box goes from PSOne to PS3: All 13 games for $450

Final Fantasy Ultimate Box packs all 13 games for $450 from PSOne to PS3, with some extra commemorative goodness

To mark 25 years of dungeon crawling (and soft-resetting), Square-Enix has packaged together all of its core Final Fantasy titles for this elaborate fan-baiting package. Alongside discs for Final Fantasies I through XIII, the games-maker has packaged a numbered presentation plaque — replete with new artwork from renowned character artist Yoshitaka Amano — alongside a two-disc soundtrack and commemorative DVD. The price of a limited-edition slice of Final Fantasy heritage? A total of 35,000 gil yen, (around $450) will net you the compilation, which lands on December 18th. Japan residents can hit the source for preorder details, while global enthusiasts can read up on the full title (and format) breakdown — there’s no news of an international release just yet.

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Final Fantasy Ultimate Box goes from PSOne to PS3: All 13 games for $450 originally appeared on Engadget on Tue, 04 Sep 2012 06:08:00 EDT. Please see our terms for use of feeds.

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Ask Engadget: is iPod Touch and Wireless Printer-based credit card processing possible?

Ask Engadget

We know you’ve got questions, and if you’re brave enough to ask the world for answers, here’s the outlet to do so. This week’s Ask Engadget inquiry is coming to us from Dustin, who wants to turn the humble iPod Touch into a cash register for live events. If you’re looking to send in an inquiry of your own, drop us a line at ask [at] engadget [dawt] com.

“We currently have 10 credit card terminals we purchased three years ago, and we’re looking to replace them thanks to their horrific failure rate and replacement cost. We only use them for special events, but they account for $24 million of our credit card revenue. Ideally I’d like to replace them with iPod touches and a wireless printer, but I can’t seem to find a solution that offers printing — but it’s essential to what we do. Thanks for your help!”

We found that Square lets you connect to a Star Micronics receipt printer, and Intuit GoPayment accepts Bluetooth-enabled P25 Blue Bamboo printers — so those could work for you. Of course, Ask Engadget is about sourcing the opinion of our hive-mind, so if your business has already conquered this problem, why not share what you know?

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Ask Engadget: is iPod Touch and Wireless Printer-based credit card processing possible? originally appeared on Engadget on Sat, 01 Sep 2012 23:00:00 EDT. Please see our terms for use of feeds.

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Square scores retail deal with AT&T, swipes smile off competitors’ faces

Been paying for your frappuccino via Square, and fancied getting some of that diminutive payment-taking action for your own business? Well, previously, if you didn’t live near an Apple store, Radioshack, Walgreens, Fed Ex office, Best Buy, Target, UPS or Wal-Mart then you were fresh outta retail-luck. Or living in a cave. Now, however AT&T has started stocking the card readers at all its bricks and mortar outlets too, further plumping-up that number of locations that stock it. Frankly, we’re not surprised to see this reaching more shops, if the sales guys spend all their time drinking that brand-endorsed coffee.

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Square scores retail deal with AT&T, swipes smile off competitors’ faces originally appeared on Engadget on Thu, 30 Aug 2012 14:56:00 EDT. Please see our terms for use of feeds.

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PayPal Is Testing Out Mobile Payment at McDonald’s Restaurants [PayPal]

Just as it was announced last week that Square will become the mobile payment platform for Starbucks going forward, PayPal now has revealed it too has designs no the fastfood/payment game—its conquest: McDonalds. More »

Square intros flat-rate payment option at $275 per month, hits small business sweet spot

Square intros flatrate payment option for $275 per month, hits small business sweet spot

Square is most often pitched as heaven for small businesses, but that 2.75 percent cut per transaction is sometimes a problem for stores that are too successful. Enter a new flat rate option. Shops that don’t take more than $250,000 a year in Square payments, or charge more than $400 in a given sale, can instead pay a flat $275 per month regardless of how many swipes they take. The deal makes the most sense for businesses handling more than $120,000 a year through the reader, establishing a definite limit to its usefulness; this isn’t exactly for a budding jeweler (or Starbucks). Even so, the simplicity of the rate might be very alluring for companies that aren’t keen on surprise costs or working out the math, and it’s a contrast to the half-steps towards flat rates taken by VeriFone and other, more traditional outlets going mobile.

Continue reading Square intros flat-rate payment option at $275 per month, hits small business sweet spot

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Square intros flat-rate payment option at $275 per month, hits small business sweet spot originally appeared on Engadget on Thu, 16 Aug 2012 15:13:00 EDT. Please see our terms for use of feeds.

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Mobile Payments Are About to Become Standardized. Really Good or Really Terrible? [Payments]

Mobile payments are a mess. Mostly because every single carrier is trying to set up its own payment platform and squeeze everyone else out. The Electronic Transactions Association has announced the Mobile Payments Committee, which should put some order to the chaos. More »