Square Plans New iPad Payment Terminal With Built-In Tap-to-Pay
- Current model requires external reader to process tap payments
- Square terminals are ubiquitous at coffee shops, boutiques
The company’s current Square Stand, launched in 2013, features a magnetic stripe reader but requires an external device to handle phone payments or tap-to-pay credit cards.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
Square Inc. is developing an iPad point-of-sale terminal that will let shoppers more easily tap to pay for purchases at participating stores.
The company’s current Square Stand, launched in 2013, features a magnetic stripe reader but requires an external device to handle phone payments or tap-to-pay credit cards. The new version in development integrates the tap-to-pay technology into the terminal itself, making the process more seamless.