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Snapchat teams with Square for IM cash transfers

Instant cash transfer

Ephemeral instant messaging (IM) service Snapchat has teamed up with payment processing outfit Square to allow users to transfer cash to each other over IM. The new service is called Snapcash, appropriately enough, and will initially only be available in the US.

Square acquires payment provider Evenly

Square has acquired mobile money transfer service provider Evenly

Mobile payments solutions provider Square has acquired mobile money transfer service provider Evenly. Customers of Evenly will see their account will close down on January 15, 2014, when the service will close down.

Square acquires photo sharing app developer Viewfinder

Square has announced that it has acquired photo sharing app developer Viewfinder

Mobile payment solutions provider Square has announced that it has acquired photo sharing app developer Viewfinder. The firm said that the Viewfinder team’s expertise in building mobile applications will help it to make commerce easy for everyone.

iZettle launches in Germany

iZettle launches in Germany

Swedish firm iZettle has launched its mobile payment card reader service in Germany. The payment solutions provider has teamed up with financial institutions DZ Bank and Deutsche Telekom to provide small businesses with the ability to accept payments via Android and iOS smartphones.

AT&T begins selling Square Card Readers

AT&T has begun selling Square's card reader in its retail stores

US operator AT&T has made mobile payment firm Square’s card reader available in more than 1,000 of its retail stores. The Square Card Reader plugs into the headphone jack of smartphone or tablets and enables individuals and businesses to begin accepting payments on their mobile device.

Starbucks throws weight behind Square

Starbucks has given its financial and strategic backing to mobile payment firm Square

US mobile payment firm Square has received a $25m investment from global coffee chain Starbucks, and the two firms have announced a partnership to accelerate usage of Square’s payment technology. Under the terms of their partnership, Starbucks customers will be able to pay for goods using Pay with Square, the payment firm’s app that allows iPhone and Android users to process transactions from their debit or credit card without the need for any additional hardware add-on.

Mobilising the market place

The most significant developments are being driven by the occasional merchants

The biggest innovations in m-payment mechanisms among merchants seem to be at the lower end of the market. But Big Retail is still in the running and everyone is seeking to influence a change in behaviour.

Mobile card reader Square funded by Visa

Square has won funding from Visa

Twitter co-creator Jack Dorsey’s latest venture, Square – a credit card reader add on for smartphones – has won funding from an unlikely partner –Visa.

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