Square is a company that has introduced important innovations for mobile payments in the past. One has been their dongle that attaches to an iPhone and enables the reading of credit cards. Most recently, the company has introduced the Square Stand, a small unit that attaches to a counter and holds an iPad which can be used to process sales. It can handle sales in cash, debit card and credit card and also provides a POS system as well as customer data for analytics. It costs $299.
In other words, for a small business, it provides an option for small business to implement a POS and CRM system and replace their cash register all for a very affordable amount.
It's an important innovation and another one of many that are starting to utilize the utility and adaptability of the ubiquitous iPad. Another spreading use involves hotel receptions, where an iPad is provided to guests (for the duration of their stay) containing useful information about the hotel and the community. Checkout and other financial apps are just around the corner for these iPads.
For a more on the Square Stand, check out this review.
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