Price war beckons for mobile payments

Square, the beloved mobile payment system set up by Twitter founder Jack Dorsey, has dropped its 15-cent transaction fee as it tries to compete in the real world. Square was touted as revolutionary when launched in 2009, and had VCs falling over themselves to contribute the $37.5m needed to implement its smart-phone-attached …

[Anonymous Coward]

Another changed business model

It's attached to an iPhone - just wait for Apple to demand their 30% rake