Block Nears Launch of New iPad System With Tap-to-Pay Reader
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Block Inc., the payments company formerly known as Square, is nearing the launch of a new iPad-based stand, refining a piece of equipment that’s become a common sight at coffee shops and retail stores.
A color image of a third-generation Square Stand, which lets merchants accept payments, was found this week hidden inside of the company’s point-of-sale app by developer Steve Moser and shared with Bloomberg. The stand, first reported by Bloomberg last year, is a major upgrade to the current model as it integrates both the physical credit-card reader and a tap-to-pay reader into the device for the first time.