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August 8, 2012 08:47 am GMT

Square Partners With Starbucks to Process All Credit, Debit Transactions


Square has announced a partnership with Starbucks that will have the company processing all of the coffee giants credit and debit transactions, starting this fall.

The deal will not only bring Square into Starbucks, it will also bring Starbucks into Square. Starbucks is investing $25 million in Square as part of its latest round of funding, and Howard Schultz, Starbuckss chief executive, will also join Squares board.

It's amazing to think that Starbucks began as a single coffee shop in Seattle. The concept of taking a good idea and helping it grow is not foreign to them, and Starbucks doesn't just view Square as the simplest way to accept payments.They see an opportunity to…
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More About: Square, mobile payments, trending


Original Link: http://feeds.mashable.com/~r/Mashable/~3/Sqk40jXBUek/

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