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Square COO Rabois steps down; CFO to fill in

Square Chief Operating Officer Keith Rabois has stepped down from his post.

Rabois issued a statement Thursday saying that "it is better at this point for me to be doing something different every day," adding that he "will have more to share" about his future plans "soon." The statement was obtained by All Things Digital.

Then on Friday afternoon, the Wall Street Journal reported that Rabois' resignation came "amid accusations from a Square employee of sexual harassment," with Square failing to take appropriate action. Rabois told the Journal that he denies the … Read more

Bluetooth speaker made from 50,000-year-old wood

Bluetooth speakers are everywhere, so it's hard to come up with a way to distinguish a new design. An Indiegogo project called Petite Square is looking to stand out by building its enclosures out of ancient history. The speakers are crafted from 50,000-year-old wood excavated from bogs in New Zealand.

Ancient Kauri has been called the the oldest workable wood in the world. It's certainly easier to work with than petrified wood. The giant logs have to be raised out of prehistoric bogs, adding to the expense and rarity of the material. Still, there seems to be plenty available on the market for craftspeople to make musical instruments, carvings, and the Petite Square speakers.… Read more

Starbucks starts selling Square Readers for $10 in-store

Square has just extended its partnership with Starbucks a bit further.

The companies announced today that Starbucks customers can now buy Square's Mobile Card Readers in-store at 7,000 locations nationwide. Starbucks is selling the Reader for $10 but will give customers back $10 if they're new merchants or individuals who sign up for Square's service.

Starbucks is a major investor in Square, dropping $25 million into the mobile-payment startup last year. Since then, the companies have been working closely to expand Square's footprint across the U.S. In November, in fact, Starbucks announced that it … Read more

The social 'gifting' boom: Wrapp now sending 1M cards a week

A handful of players -- one of them named Facebook -- have worked hard over the past year to create a new category of business known as social gifting. Facebook saw enough opportunity that last spring it snapped up a startup called Karma and built what became Facebook Gifts -- a way for any of Facebook's billion-plus users to send a gift a friend, whether it's a bottle of wine, an iTunes gift card or an item of clothing.

Square, meantime, added gift cards this month to Square Wallet to help its battle with PayPal. And a … Read more

How to send a Square gift card

The ability send and process gift cards were recently added by Square as an additional service for its merchants. The process is simple, but requires you to download and install the Square Wallet app (iOS, Android) on your smartphone.

Once you have Square Wallet installed you'll need to set up an account, complete with your payment information. You can then find a local store listed in Square Wallet, such as a coffee shop or bookstore, open the respective card for that business, and then tap "Send Gift Card." Enter the recipient's information, select an amount and … Read more

Square COO predicts monster 2013, says Starbucks is just the beginning

After a monster 2012 in which Square, a leader in the mobile payments space, tripled its user base, added Starbucks as a major partner, and hit more than $10 billion in annualized transactions, its COO is predicting that 2013 looks even better.

A year ago, the San Francisco-based startup, which was founded by Twitter co-founder Jack Dorsey, announced that it had reached a million users and that 75,000 merchants were accepting payments through Square. Now, COO Keith Rabois told CNET in an interview, the company has passed 3 million users and 250,000 merchants taking Square Wallet.

Without question, … Read more

Square to ink payment-processing deal with Burberry -- report

Square has lined up its first luxury-brand partner, a new report claims.

Square and the Burberry clothing chain are testing out a deal to see how the payment processing might work in its stores, The Next Web reported today, citing people who claim to have knowledge of the deal. The announcement could be made soon.

Burberry CTO John Douglas already spilled the beans, albeit unofficially. On Twitter last week, Douglas noted that Square was "live in our Burberry Brit store in San Francisco."

Square has been growing by leaps and bounds. The company, which offers a free accessory … Read more

Police Down Under rescue Apple map users

Monday's CNET Update shoulda taken that left turn at Albuquerque:

It's no secret that Apple's Maps are bad. But using the app could be hazardous to your health. Australian police had to rescue several people who were stranded in the wilderness after being directed 70 kilometers off-course by Apple's directions on iOS 6. Police have urged residents to use other mapping apps in the meantime.

Today's tech news roundup also looks into the continued drama between Twitter and Instagram. You'll no longer see a photo automatically load inside of a tweet -- you have … Read more

Square launches gift cards

Square Gift Cards from Square on Vimeo.

Square, a leader in mobile payments, today launched a gift card service tied to its Square Wallet program.

The new service is designed to let anyone purchase a gift card for friends or family at any of the more than 250,000 businesses nationwide that accept Square Wallet, an iOS and Android app that lets users pay automatically with their mobile device. The recipient would then redeem the value of the gift using Square Wallet on their own device. All it takes to send a gift, Square said, is to pick a merchant, … Read more