Square Vies With NFC for Mobile Payments - Established as a potential alternative to the much-hyped but still emerging near field communication (NFC) technology, the system of the Plaza still allow you to pay for goods and services using your mobile phone without the need for cash or credit card. But instead of having to touch the NFC phone records or terminal, Square system would "check in" a tent over your phone, pick up your items, and pay for them through his account of the square.
The system of the Plaza is clearly just getting off the ground. Scattered in cities as large as New York, San Francisco and Los Angeles, only 50 dealers have signed so far in the service. There are also some limitations. To make the system work, both the buyer and seller must be registered in the accounts of the plaza. And as NFC, Square system raises the usual concerns about security in the world of mobile payments.
But Square CEO Jack Dorsey, who also helped launch Twitter, promotes its system as superior to the competition based on NFC.
"A lot of people working in this area concern the parties to transactions - coupons, receipts, waving the phone around in front of a terminal and wait until you hear a sound," Dorsey said the New York Times. "We believe there should be a system."
Consumers would have access to the service of the square through a mobile application called Card Case. Using this application, you can find shops, restaurants and other outlets that support system Square. You can even explore the menus of the restaurants before going in.
If you decide to take lunch at a local restaurant or a cup of coffee in the cafeteria, the payment will be deducted from your account Plaza, which has been linked to your credit card. In exchange, the receipt is sent to your mobile phone.
Retailers using the system through a mobile application called Place of Registration, an update on the current implementation of the company Square.
After setting up their own accounts of the square, merchants can accept payment with the new credit card system or at least the option of using the reader of traditional credit cards. The application also would allow them to track inventory. With retailers to implement the new system on a device like the iPad, Square sees it as something that could potentially replace the cash registers.
At this point, the square has been renovated and updated their applications for the iPhone and iPad, but promises that a version of Android Card Case will be available soon, according to Information Week.
The system of the Plaza is clearly just getting off the ground. Scattered in cities as large as New York, San Francisco and Los Angeles, only 50 dealers have signed so far in the service. There are also some limitations. To make the system work, both the buyer and seller must be registered in the accounts of the plaza. And as NFC, Square system raises the usual concerns about security in the world of mobile payments.
But Square CEO Jack Dorsey, who also helped launch Twitter, promotes its system as superior to the competition based on NFC.
"A lot of people working in this area concern the parties to transactions - coupons, receipts, waving the phone around in front of a terminal and wait until you hear a sound," Dorsey said the New York Times. "We believe there should be a system."
Consumers would have access to the service of the square through a mobile application called Card Case. Using this application, you can find shops, restaurants and other outlets that support system Square. You can even explore the menus of the restaurants before going in.
If you decide to take lunch at a local restaurant or a cup of coffee in the cafeteria, the payment will be deducted from your account Plaza, which has been linked to your credit card. In exchange, the receipt is sent to your mobile phone.
Retailers using the system through a mobile application called Place of Registration, an update on the current implementation of the company Square.
After setting up their own accounts of the square, merchants can accept payment with the new credit card system or at least the option of using the reader of traditional credit cards. The application also would allow them to track inventory. With retailers to implement the new system on a device like the iPad, Square sees it as something that could potentially replace the cash registers.
At this point, the square has been renovated and updated their applications for the iPhone and iPad, but promises that a version of Android Card Case will be available soon, according to Information Week.
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