Square on Monday introduced two new services for small businesses: instant deposits; and protection for disputed purchases. Square, which six years ago began offering square-shaped mobile credit card readers for smartphones and tablets, has shifted its focus away from point-of-sale operations and toward data collection. The company processes millions of credit card swipes daily. Square has faced increased competition from Amazon, First Data and PayPal, all of which provide credit card readers and accompanying services.
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Square Reshapes Itself for Small Businesses
Posted by: Peter Suciu March 10, 2015 01:49 PMSquare on Monday introduced two new services for small businesses: instant deposits; and protection for disputed purchases. Square, which six years ago began offering square-shaped mobile credit card readers for smartphones and tablets, has shifted its focus away from point-of-sale operations and toward data collection. The company processes millions of credit card swipes daily. Square has faced increased competition from Amazon, First Data and PayPal, all of which provide credit card readers and accompanying services.