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Square Aims to Democratize Mobile Payment Processing

TechCrunch covers the unveiling of Square, a new mobile phone payment service created by one of the co-founders of Twitter. A small device that plugs into a mobile phone's headset/microphone jack lets you swipe credit cards, with the information being transferred first to the Square software and then to the Square service for processing. Square could be popular with farmers market vendors or anyone who needs to take payments and has an iPhone or Android-based smartphone. But would you really want to keep handing your iPhone to customers for signatures?

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