[BITList] starbucks

x50type at cox.net x50type at cox.net
Wed Aug 8 19:04:59 BST 2012


are u with the program?

ct


http://www.pcworld.com/article/260575/starbucks_square_partner_up_to_make_paying_for_coffee_even_easier.html#tk.hp_new 

        Starbucks, Square Partner Up to Make Paying for Coffee Even Easier
        By Sarah Jacobsson Purewal, PCWorld    Aug 8, 2012 6:49 AM

        Starbucks has "signed up" with mobile payments processor Square, the two companies announced Tuesday evening in a bid to make buying a Venti Latte as easy as flashing your smartphone at the store’s barista. The deal will also help significantly reduce the fees Starbucks pays for credit card processing to banks.

        This fall, Starbucks will begin processing all debit and credit card transactions made in U.S. coffeehouses with Square. Starbucks will also be investing $25 million in the startup, and Starbucks' CEO Howard Schultz will join Square's Board of Directors.

        Square is a mobile payments processor that, among other services, allows vendors to use their mobile devices as credit card readers. According to Square's website, the company charges a competitive 2.75 percent per credit card swipe for Visa, MasterCard, Discover, and AmEx cards. Square also has a "Pay with Square" app for Android and iOS users. This app lets users pay participating businesses from their mobile device without ever handing over a physical card (the user's identity is verified by name and photo).
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