Square-up the Bill on your iPhone
By David Dorf-Oracle on Dec 02, 2009
For small retailers, especially those that are mobile or work weekend craft shows, taking credit cards can be expensive and cumbersome. But Jack Dorsey, co-creator of Twitter, has a rather elegant solution that should be available sometime next year. Why not use an iPhone? His company, Square, is working on an iPhone application that authorizes a credit card, captures a signature, and emails the receipt. They even have a magstripe reader that connects to the iPhone.
TechCrunch has been following this semi-secret project, and have posted a video of the application in action.
This sort of approach could help larger retailers with line-busting, parking lot sales, and pop-up stores. Keep an eye on this one.
Update: ReadWriteWeb has an interesting article on this topic: Is Jack Dorsey's Square Going After the Wrong Customers?