Square confirms adding Apple Pay support in 2015

Square has confirmed that it will be supporting the new Apple Pay system in 2015. A comment was made by Square CEO Jack Dorsey after speaking with CNN Money. Apple Pay integration in the Square Reader will require a new hardware itegration of the accessory with built-in NFC circuitry. The new Apple system works with NFC technology and will be working with Square for an option for all users in 2015.

“We’re not building a credit card. We’re not building a payment device. We’re building a cash register, and this register accepts all these forms of payments,” Dorsey told CNN in an interview.

After the Square Reader hardware gets retooled for Apple Pay compatibility and the service has launched on the Square platform, seamless transactions from one mobile device to another will be made possible. This will allow for small business owners use a Square Register to work with Apple Pay without any issues.

This partnership is great for both companies as it allows for both to grow its revenues, Square earlier this week said that its Square Register iOS app for small business owners is available worldwide. As a bonus, business owners can now order Square-branded gift cards for a small fee of $1.50 per card and no hidden costs, Square said, adding it’s ditching a virtual gift card service it launched two years ago.

Square has recently announced that it would work with Snapchat to take on Venmo. Also, Square and Snapchat partnered on a Snapcash service that lets Snapchatters send and receive money among themselves.

Snapchat-Snapcash

 

More positive news for Apple regarding Apple Pays news is that, Tickets.com announced rolling out support for the Apple-branded mobile payment service while Sephora said it’s now accepting Apple Pay in Bay Area and Manhattan locations.

More companies like the Disney Store iOS app got refreshed with support for Apple Pay. And last but not least, Chase customers can now access David Guetta’s new album “Listen” for free, if they add their Chase card to Apple Pay.

 

Square-Register-3.0-for-iOS-iPad

 

It’s interesting that ApplePay.com is owned by a company called Apple One Payroll, and the iPhone maker doesn’t seem to care. According to a Stratos survey, 30 percent of American smartphone owners plan to use ApplePay or Google Wallet this holiday shopping season.

[CNN Money]

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