Friday, June 15, 2012

Square Doubles Users Accepting Credit Cards To 2 Million In Six Months

Square_readerApple Passbook? What Passbook? San Francisco's Square says it now has 2 million people and businesses accepting credit cards with the service. That's up from the 1 million figure it cited all throughout the past year. The volume of transactions the company processes is also up as well to about $6 billion per year, as the company announced earlier this week when it hired former Salesforce senior vice president Sarah Friar as a new chief financial officer. These announcements might help the company keep up visible momentum as it continues a fundraising process.

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