Square makes the application faster, more iOS does not require a signature for transactions under $ 25

Leena Rao is currently working as a writer for TechCrunch. She recently finished graduate school of the Medill School of journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007 she helped lead efforts for advocacy and community relationships Congressman Carloyn Maloney in New York. She graduated from Columbia University in 2003 where it was ... ? Read More

Disruptive mobile payments company square pushed some new updates to the iPhone and iPad applications today and rolled out a revised and updated Web site. First apps faster and increased transaction speed, said the company. The company actually eliminated several screens to process transactions and payments can be completed in as little as four seconds.

In addition the area will no longer require signatures for transactions less than $ 25. Of course this saves time at the box office and a number of credit card companies already do not require a signature for transactions up to $ 25.

The company also recently, pay with your name "feature is enabled for all traders, so that anyone can opt-in list of directories and you can add a card case payments faster and easier for their customers.

As we wrote in may, made his debut for virtual card that consumers complete with "map" all merchants they visit and buy from anyone who takes the square. These mobile cards include locations, trade contacts, coupons, order and purchase history and more. One of the most interesting features is the ability to pay "with your name." trader card in case you can click the "use tab, which allows the contracting authority often essentially put the purchase of virtual space on the tab with the merchant.

So once you click this button, within two blocks of the merchant, you will be able to tell the cashier in your name and your card will be charged on the square in merchant's backend sign up. Because you are repeat customers, already has your payment information. The buyer will be notified when the merchant handles payment push.

Another update in the new version of the app is a new and improved interface for Tipping transactions, which is sure to please the merchants in some service industries. Merchants can also add $ 0.00 items inside transactions. This is particularly useful for elements to be added as additional Mayo or marinade, where the merchant wants to keep track of what is added, but did not charge for the item.

The area is undoubtedly growing fast clip. The area has sent more than 500 000 credit cards readers, processed more than 1 million transactions per month. Start now is $ 4 million in mobile payments daily (and $ 100 million per month), and COO Keith Rabois told us in July that he expects the company to double the volume by October. And international expansion is part of the next phase of growth for the square.

The area is a revolutionary service that allows anyone to accept credit cards anywhere. The area offers an easy-to-use, free credit card reader that plugs into your phone or ...

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