A few weeks ago I was thinking about Square’s business model, a company focused on mobile payments. I became interested on the subject, and I knew that I would finally end up writing a short article about this.
At the moment, I see different ways for mobile payment. The most important and surely with more investment is the NFC (Near Field Communication) and applications that use this technology (of course we are talking mostly about Google Wallet). Then there’s Square, a software based one, which is already established and maybe temporary with a more dominant position within the U.S.
A little about NFC (http://en.wikipedia.org/wiki/Near_field_communication)
Briefly, NFC is a wireless technology that allows encrypted communication … Read the rest!