Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
August 23, 2011 01:58 am GMT

A Woman, A Cupcake, A Bank And A Square: Why Credit Card Companies Are Scared Of Change

cupcakeIn the sleepy Columbus, Ohio suburb of Canal Winchester there is a shop that makes cupcakes. These are not ordinary cupcakes; these are fantastic cupcakes. In fact the name of this establishment"Fantasy Cupcake"is no boast and can readily back up the hype (trust me, I ate one and it was killer). A relatively new business owned and operated by Leah Dotson, Fantasy Cupcake chose Square as it's processor when it came time to set up a transaction mechanism for accepting credit cards.And then a funny thing happened. Coincidentally or not, several banks and processors approached Leah about setting up merchant services with them instead of relying on Square.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/6FvQUqdJU6g/

Share this article:    Share on Facebook
View Full Article

Techcrunch

TechCrunch is a leading technology blog, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.

More About this Source Visit Techcrunch