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The startup intends to trade under the ticker symbol "SQ" on the New York Stock Exchange.
PayPal announces acquisition of mobile-wallet maker, while Google unveils another mobile-payments service, in the growing fight for a piece of the smartphone payments market.
The Internet giant could be hoping to take another stab at going head-to-head with Apple, Amazon, PayPal, Square and a slew of other tech giants looking to grab a slice of the payments pie.
The iPhone maker has long been expected to jump into mobile payments. Now a new report says that Apple's talks with payment industry players have "heated up."
The tech giant may be planning to take on services like PayPal, according to The Wall Street Journal.
Bank of America's service lets vendors use smartphones to swipe customers' credit cards. BofA is charging vendors 2.7 percent per purchase, just a hair below Square's rate.
The venture, a partnership between Verizon Wireless, AT&T, and T-Mobile, said as many as 20 compatible handsets would be in the market by the end of the year.
The latest company to get into the mobile-payment market, the bank is using QR codes that let customers use a smartphone to scan pictures and make their payments.
Apple has been granted a new patent detailing a way for parents to control the spending habits of their kids through their phone.
Merchants can now identify and reward regulars, wirelessly print receipts and open cash drawers, and track sale history.