The distribution of mobile cash registers has Begun

The U.S. company Square has released an application for mobile phones based on iPhone OS and system Android, to enable all interested to take payments for goods and services. The author of the project is Jack Dorsey, better known as the creator of Twitter.

For payment to the seller simply connect to the phone jack device with a receiver card, and the buyer – a card through a special slot. Mobile phone displays a photo seller for verification, ask to sign and send a check via SMS or e-mail. (WATCH VIDEO DEMO)

We accept the device are small plastic cubes and distributed free of charge. Square also plans to impose any monthly charges or restrictions on the reception of funds, instead, the creators of the service be limited to charging a small commission with the payment amount. A similar commission charge and other Processing systems.

Currently, the system is experiencing thousands of users. Square have already experimented with the band Spoon for sale to fans of various goods and one of New York politicians to collect money for the campaign. The developers expect that over the next three months will be distributed to millions of receivers of credit cards.