Over the past year, it’s become a lot easier to buy bitcoin, thanks to services such as Coinbase. And thanks to retailers such as Overstock.com and TigerDirect, it’s now a lot easier to to spend them online. But there’s still one big pothole in bitcoin’s bumpy road to mainstream adoption: Your local coffee shop. That’s Continue Reading →
iPhone 5
Remember when 3G was such a big deal that Apple named its new iPhone after what was then the new standard in mobile data transmission? The iPhone 3G, introduced in 2008, was the second iteration of the pioneering smartphone, and in a way the name was as much gloating as it was tribute. When cellular Continue Reading →
Amazon Local Register
Amazon is diving deeper into the payment processing business. The online retailer announced Amazon Local Register, a mobile point-of-sale service combining a mobile app with a secure card reader — similar to Square — that lets small businesses process digital transactions. The big draw for businesses would be Amazon’s rate of 2.5% for every swiped Continue Reading →
Square, the payments startup from Twitter cofounder Jack Dorsey, has prototyped a Square credit card. The plastic card is all black, and save for the card holder’s name emblazoned on the face, features no logos–not even Square’s. Over the past year, multiple sources indicate Square employees have been carrying the card–seen here below, partially blurred Continue Reading →
Square is on a mission to diversify, and it’s turning to the red-hot food delivery industry to do so. The payments company run by CEO Jack Dorsey plans to announce this week that it has acquired San Francisco-based Caviar, according to a person familiar with the deal. Caviar runs a service that lets consumers order Continue Reading →
New Square Reader
Traditional swipe-and-sign credit cards are slowly being phased out, and Square is adapting to the times with new support for EMV credit cards. Commonly known as chip-and-PIN cards in the UK and Ireland, these are compliant with the EMV (Europay, MasterCard, and Visa) global standard and are reputedly harder to hack or replicate. Available for Continue Reading →
Amazon could be preparing to launch its own mobile credit card reading hardware in the coming weeks, according to internal Staples documents hinting at such a launch that we’ve obtained. According to the documents, Staples stores will prepare next month to stock a new product called the “Amazon Card Reader” alongside existing card readers from Continue Reading →