A focus on Square, mobile payments provider; partnership with Starbycks

As mobile payments are getting increasingly popular, today we will bring you a little article on Square, the mobile payment provider that allows you to make on-demand payments and receive payments (even from Credit Cards) using iPhone, Android and Samsung's bada OS (Tizen).

Square offers three main products:

• Square Card Reader, accepting payments on your smart-device
• Square Register, turing your tablet, phablet or smartphone into a digital cash-register
• Square Wallet, make payments and keep a digital cash-account, easily managed from your smart device

Square is especially useful to small entrepreneurs allowing them to accept clients' payments easily, fast and instantly without a lot of extra costs and hassle. But since its launch, we are seeing many larger shops and franchise-chains picking up on this new trend as well, including over 74,000 Starbucks shops US-wide.

In a sit-down with a select group of journalists, Starbucks CEO Howard Schultz and Square CEO Jack Dorsey talked about what the partnership means for both companies, and how it has the potential to revolutionize payments for customers. Both stressed that Starbucks’ current register system is not going anywhere — for now — but adding Square to the mix adds an entire new way of easy payments.

The Starbucks shops will all use iPads equipped with a Square dongle and a merchand app. The dongle allows Credit Card swipes for direct payments by customers. Square is integrated into the existing digital register software used by Starbucks. Customer will now have a choice to pay either by credit card, cash or using their Square waller on their smartphone, tablet or phablet.