| May 24, 2011

Mobile payment processing giant unveils iPad app

One of the country’s top mobile payment processing networks will now allow businesses to handle credit card debt using a popular tablet computer.

Square, the mobile payment processor founded by Twitter executive Jack Dorsey, recently announced that its popular application is now also available for Apple’s popular iPad tablet, according to a report from the San Francisco Chronicle. This comes after the company has already launched apps for both the iPhone and Google’s Android smartphone operating system.

“We’re launching this in the market where it has the most possible impact,” Keith Rabois, Square’s chief operating officer, told the newspaper. “We’re allowing local sellers to have the most sophisticated tools, for free.”

In addition, Square now enables regular customers to run “tabs” at their favorite stores if they have their own account with the processing company, the report said. This way, their credit card doesn’t even need to be scanned to make a purchase.

The Square credit card reader is available from both online and real-world Apple Stores for a small fee, but the payment processor will then refund that cost in the form of a credit on the account.

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