New 'Square' Service Powers Peer-to-Peer Mobile Payments
Twitter founder Jack Dorsey and his business partners have publicly launched a new start-up called Square. The purpose of Square is to give individuals and/or small businesses the ability to accept payments via credit or debit cards. The service consists of a card reader that plugs into a 3.5mm headset jack and can be used to swipe credit/debit cards. The service doesn't cost end users anything, and offers protection such as photo verification of payers and text message verification of payments. Square will include some elements of social networking, and businesses and/or establishments that accept payments via Square will offer rewards for continued patronage. Square says it will donate one cent of every transaction to the charity of the user's choice. Receipts can be emailed or sent via text message. The service is rolling out in a limited beta this month, and will open up to a wider audience in early 2010.
Facebook Messenger Adds Group Payments
Facebook today made it possible to pay groups of people within Messenger. The app has supporter peer-to-peer payments since 2015, but they were limited to single people.
Instagram Permitting Landscape and Portrait Photos
Instagram marked a major change today by adding support for portrait and landscape photos to its Android and iOS apps. Since its launch, Instagram has required all photos to be square.
Facebook Messenger Adds PayPal as Funding Source for Peer-to-Peer Payments
Facebook Messenger and PayPal today made it possible for people to use their PayPal account as a source of funds when paying friends and family. Facebook Messenger has supported P2P payments for some time now, but previously required people to rely on their debit card for funds.
Square Makes Payments Simpler with $Cashtag
Square today announced $Cashtag, a new way to make payments online or from mobile phones. The $Cashtag service is based on Square Cash and makes it easier for people or businesses to accept online payments rather than checks.
Google Testing Hands Free Mobile Payments
Google today announced a new pilot program that will allow people to pay for goods and services without taking their phone out of their pocket. Hands Free Payments relies on location data, WiFi, Bluetooth beacons, and other sensors to detect nearby participating stores.
Damn this dudes are smart.
Example: Pizza delivery instead of giving your credit card over the phone they would just come with their company cell phone and just swiped the card as they hand you the pizza and you get your confirmation...
I think this is what this article is explaining.