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Starbucks switches to Square for payments, invests $25 million and will support Pay by Square

While Square's mobile payment processing platform has already picked up some major players in retail to go along with more than a million small businesses, its biggest shot in the arm to date is a new partnership with Starbucks. The chain will use Square to process credit card payments in nearly 7,000 US locations along with investing $25 million in the company, while Starbucks president, chairman and CEO Howard Shulz is joining its Board of Directors. Also notable for Square is that this fall Starbucks will be pushing features...

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Published By: Engadget - Tuesday, 7 August, 2012

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