Square Launches iPhone Payment System
Square, the long awaited iPhone payment system officially launched today, albeit only within the US. The brain child of Adam Lisagor, Square is a revolutionary payment system that lets you plug in a credit card scanner into your iPhone to make and accept payments simply and securely wherever you. This neat little video explains clearly how the system works. For a small fee of just under 3% and 15c per transaction, you can use your iPhone to manage payments previously only possible over the phone with larger organizations or with expensive equipment. Hopefully the idea will grow quickly to other…