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April 17, 2011 01:39 am GMT

Square's Disruptive Payment Service About To Get A Huge Retail Boost From Apple

Mobile payments company Square has landed a big coup"sales placement on Apple's online store. And we've just confirmed with Square that the startup has a deal for in-store sales as well. Apple will start selling Square devices in all of its U.S. retail stores starting this week. Square offers both an iPhone/iPod Touch and an iPad app which allows merchants to process and manage credit card transactions with a handy little credit card swiping device that plugs into the headset/microphone jack. Apple has shown some love for Square lately, so it's not entirely surprising that the payments startup has forged a deeper relationship with the Cupertino-based company. Most recently, Apple CEO Steve Jobs showcased Square's technology at the debut of Apple's iPad 2. But to be featured on Apple's online store and in its brick and mortar operations is a big deal.

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