Archive for the ‘Square’ tag
As reported today in the New York Times, mobile payment service Square has partnered with omnipresent caffeine pusher Starbucks to make it even easier for you to pay for that double-shot every morning.
Square was founded by Jack Dorsey, the same guy who started Twitter, and lets businesses use their mobile devices as on-site cash registers to process credit card payments. I’ve used the service to purchase things, and it’s worked seamlessly every time.
So, apart from the fact that you’ll be able to pay without a wallet (or even taking your phone out of your pocket), this partnership means consumers could get a lot more comfortable with mobile payments.
Though smartphone payments have a long way to go before they replace wallets altogether, Starbucks’s adoption of Square will catapult the start-up’s technology onto street corners nationwide, and is the clearest sign yet that mobile payments could become mainstream.
“Anyone who’s going to break the mobile payments barrier in the U.S. has to overcome the resistance to try anything new when everything we have works really, really well, even cash, which is very convenient,” said Bill Maurer, director of the Institute for Money, Technology and Financial Inclusion at the University of California, Irvine.
According to our latest research, 36 percent of landscapers use iPhones for both personal and business use, and just slightly less use an Android phone. Twenty-five percent use an iPad. Those numbers are up from 2011, and will continue to rise in the next few years.
So, to review: Increasingly wired customers are getting exposed to a more seamless way to pay on the spot for goods and services, while at the same time contractors are more and more equipped with the tools to run that very technology.
Sounds like a no-brainer to me. Make mine a double.