Despite growing competition from PayPal, Intuit and Verifone, it seems that Square's business continues to be going gangbusters. The grandaddy of all smartphone payment systems is about to take $5 billion in payments this year, up from $2 billion a scant six months ago. In keeping with company COO Keith Rabois, such expansive growth have been fostered by the truth that Square makes the money from transactions available to merchants the subsequent business day -- a feature greatly appreciated by small businesses. Clearly, Huey Lewis was right, and you may see what we mean after the break.
From WhatNewsToday.net
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