Square sailed clear beyond any shadow of a nasty shock started by the CEO of VeriFone competitor, Doug Bergeron, and answered by the CEO of Square and co-founder, Jack Dorsey questioned the security of attachment reading Square credit card for mobile devices.
Instead, the numbers reflect a rise fastest growing development of the square, a place that has been driven by strong investment in late April Visa. A recent round of funding of $ 100 million has been extended to payments of setting up a valuation of $ 1 billion.
Despite the significant recovery of the particular seat, and the rest of the mobile payments market has a long way to go. To put into perspective the payments, credit card companies process thousands of millions of dollars in payments on a given day, and mobile payments - still a nascent but rapidly growing part of the industry - can hope to assemble a small percentage of total credit card business this year.