A PHONE THAT CAN SWIPE YOUR CREDIT CARD

Jack Dorsey, the co-inventor of twitter, is promoting his latest invention called the Square. CEO Jack Dorsey announced Starbucks signed up to accept payments from customers through the Pay with Square IOS app via Square's iphone credit functionality would roll out to nearly 7,000 Starbucks location soon, while Starbucks locations will be added to the Square Directory. The Square Directory will also soon be accessible from a number of Starbucks platforms including the Starbucks Digital Network and mobile payment app. Starbucks announced in its Own press release that it would invest $25 million in Square, while Starbucks chairman, president, and CEO, Howard Schultz, will join Square's board of director. On top of credit cards, Starbucks will use Suare to handle debit payments, which the company said would reduce

overall payment processing costs. 

Beginning this fall, in addition to the existing iphone and andriod  starbucks mobile payment applicatins, Starbucks customers will be able to use pay Square to pay for their purchases at participating company operated starbucks locations in the U.S Customers simply need to download the Pay withe Square application and set up an account on their iphone or Andriod device.

Square Inc. has offices in San Francisco, Saint Louis and New York and is currrently beta testing the invention with retailers in the United States