The co-founder of Twitter, Jack Dorsey, recently created a smartphone application called Square that turns a smartphone into a mobile cash register. Square uses a plastic reader to get credit-card information and process payments through your phone.
You just plug in the plastic piece into the top of your smartphone and it reads the card information then processes the payment. It is a great idea, but I think that the only people who will really benefit from this app would be small organizations or businesses that don't already have a credit card system. The app would also be convenient for sales at fundraisers or for independent merchants. The app charges users 2.75 percent of the transaction cost plus a 15-cent fee, which is in line with what retail stores pay for accepting cards.
Pretty soon the smart phone will be the all in one tool for almost everything.
The app can be downloaded at Square's official website or the app stores for the different operating systems.
Check out the article on CNN to see the list of smartphones that can use the app. http://www.cnn.com/2010/TECH/mobile/10/25/square.smartphones/index.html
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1 comment:
That's really cool!
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