Quick Credit Cards

The miniature EFTPOS payment device created by microblogging service Twitter, called the Square, was shown for the first time in Europe at the LeWeb Internet conference.

Designed for making small payments to “people like the babysitter, the car parker, the golf instructor,” the Square plugs into the audio in jack on an iPhone and turns it into a credit card swiping device. It’s hoped it will take the inconvenience, if not the pain, out of making electronic payments for “everyone from major retail stores to selling your couch on Craigslist or getting paid back for dinner,” said Twitter’s founder, John Dorsey, to a rapt audience at Europe’s major Internet event.

The LeWeb conference in Paris is expected to host 2,000 visitors from nearly 50 different nations, ranging from small start-up entrepreneurs looking for capital investors, to mega-names such as Google, eBay, and of course Twitter. The conference began Wednesday and continues Thursday, with live “tweets” and Facebook updates scrolling on their website, http://www.leweb.net/.

So many attendees crowded about to see the Square, that it was termed a “feeding frenzy.” Michael Arrington of the TechCrunch blog predicted, “Square will be a huge win or it’ll go out of business.”

Source: brisbanetimes.com.au

First view of the Twitter Square in Europe

The miniature EFTPOS payment device created by microblogging service Twitter, called the Square, was shown for the first time in Europe at the LeWeb Internet conference.

Designed for making small payments to “people like the babysitter, the car parker, the golf instructor,” the Square plugs into the audio in jack on an iPhone and turns it into a credit card swiping device. It’s hoped it will take the inconvenience, if not the pain, out of making electronic payments for “everyone from major retail stores to selling your couch on Craigslist or getting paid back for dinner,” said Twitter’s founder, John Dorsey, to a rapt audience at Europe’s major Internet event.

The LeWeb conference in Paris is expected to host 2,000 visitors from nearly 50 different nations, ranging from small start-up entrepreneurs looking for capital investors, to mega-names such as Google, eBay, and of course Twitter. The conference began Wednesday and continues Thursday, with live “tweets” and Facebook updates scrolling on their website, http://www.leweb.net/.

So many attendees crowded about to see the Square, that it was termed a “feeding frenzy.” Michael Arrington of the TechCrunch blog predicted, “Square will be a huge win or it’ll go out of business.”

Source: http://news.brisbanetimes.com.au/breaking-news-technology/pay-babysitter-on-iphone-says-twitter-20091210-kkda.html

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