Saw this floating through Twitter today (hat tip to @natedogreimer) and while the day when we can put the cash register in storage with the buggy whips and the slide projectors may still be aways off, Square’s mobile payment app seems like it has a huge upside to it. TechCrunch says:
So here’s where things get interesting. In a merchant’s card within the case, you can press a “use tab” button which allows the frequent customer to essentially put a purchase on their virtual tab with Square at the merchant. So once you press that button within two blocks of the merchant, you’ll be able to tell the cashier your name and your card will be charged on the merchant’s backend Square register. Because you are a repeat customer, Square already has your payment information. The purchaser will then receive a push notification when the merchant processes the payment.
Sounds pretty darn cool. I’m wondering if Square has potential applications for college campuses as well. Can an app such as this replace the student ID card as a way of paying for books at the bookstore and food at the dining hall?
davesrandomthoughts posted this
