Square will accept Apple Pay beginning in 2015
Reports surfaced earlier this year that Apple had hoped to purchase Square. When those talks broke down over pricing issues, Apple Pay was born. Despite this, Square founder Jack Dorsey has now confirmed that his company will accept Apple Pay beginning in 2015.
Dorsey told CNN that he wants to help businesses accept all forms of payments. “We’re not building a credit card. We’re not building a payment device. We’re building a [cash] register, and this register accepts all these forms of payments,” he said.
Jack Dorsey
Square’s current systems require swappable credit cards in order to process transactions, and don’t support tap-to-pay services like Apple Pay. Therefore, some sort of change will be necessary for Square to accept Apple Pay.
Dorsey isn’t saying what that change will be, although he did pledge that support for Apple Pay will arrive next year. He also noted that his company is now taking preorders for new readers that will support chip cards, ahead of a switch to EMV-compatible credit cards by issuers in the U.S. coming in 2015.
Earlier on Friday, Square went international with its free point-of-sale app, Square Register. Though Square’s card processing service remains available in the United States, Canada, and Japan only, Square Register has been opened up to allow independent businesses around the world to use the app’s sales and inventory management tools.
See also: Send money to your friends with Snapchat and Square’s new Snapcash feature, The Square Order app can now predict when you’ll arrive to pickup a morning cup of coffee, and Disney Store for iOS now lets you buy with Apple Pay on your iPhone 6 or iPhone 6 Plus.
