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Wednesday, 29 August 2012 - Square to sell card readers at AT&T stores |
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See the best of Reuters photography.  See more | Photo caption  In the path of Isaac Hurricane Isaac drove water over the top of a levee on the outskirts of New Orleans.  Slideshow  Protesting the RNC Activists shout anti-Republican slogans outside of the Republican National Convention.  Slideshow  Square to sell card readers at AT&T stores Tweet Share this Email Print Related News Weak PC sales, China slowdown weigh on Marvell outlook Thu, Aug 16 2012 NetApp's strong outlook eases Europe concerns Wed, Aug 15 2012 Big retailers team up on mobile payments plan Wed, Aug 15 2012 CORRECTED-Big retailers to take to mobile payments - WSJ Wed, Aug 15 2012 Starbucks embraces mobile payments with start-up Square Thu, Aug 9 2012 Analysis & Opinion Prepaid debit-card datapoints of the day Related Topics Tech » Wed Aug 29, 2012 12:38pm EDT (Reuters) - Mobile payments company Square Inc's credit card readers will be sold at AT&T Inc's stores making them more accessible, as the two-year old start-up takes on established payment processors. Square, started by Twitter Inc co-founder Jack Dorsey, signed the No. 2. U.S. carrier on Tuesday, adding to growing list of retailers, including Radioshack Corp, Best Buy Inc and Apple Inc, that sell its card readers. In a statement, Square said AT&T's 1,000 outlets would bring the total number of stores retailing the device to over 20,000. Square, which was valued at $3.25 billion at its last funding round, sells card readers that plug into mobile phones enabling businesses to accept credit card payments using an app. When a card is swiped, Square takes a 2.75 percent transaction fee. The gadget works with iPhones and Android smart phones. Earlier this month, Square had signed Starbucks Corp's as a merchant location using its devices to process payments at its coffee shops. (Reporting by Himank Sharma in Bangalore; Editing by Saumyadeb Chakrabarty) Tech Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. 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Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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