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Wednesday, June 29, 2011

More funding for mobile payment service Square

US-based mobile payment service Square, which lets retailers use an Apple or Android device to accept credit card payments, has just raised $100 million (around £62 million) in new funding. It’s also announced that technology analyst Mary Meeker is joining the board.

Square offers retailers a free app and free credit card reader that plugs into a phone or iPad. A merchant account isn’t required; retailers are simply charged a percentage of each transaction.

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Author: The Fonecast
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Tags: usa android payments ipad iphone square

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