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  • Square, Inc. is a merchant services aggregator and mobile payments company based in San Francisco, California. The company markets two applications and services, Square Register and Square Wallet. The company was founded in 2009 by Jack Dorsey and Jim McKelvey and launched its first app and service in 2010. Square Register allows individuals and merchants in the United States and Canada to accept debit and credit cards on their iOS or Android smartphone or tablet computer. The app supports manually entering the card details or swiping the card through the Square Reader, a small plastic device which plugs into the audio jack of a supported smartphone or tablet and reads the magnetic stripe. On the iPad version of the Square Register app, the interface resembles a traditional cash register. Square Wallet allows customers to setup a tab and pay for their order simply with their name using a stored credit, debit, or gift card. In August 2012, Starbucks announced it would use Square to process transactions with customers who pay via debit or credit card. Starbucks will also reportedly invest $25 million in Square, with Starbucks chief executive officer Howard Schultz becoming a board member of Square, Inc. Wikipedia

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