Transforming The Way We Pay: The Square Register

Square’s new creations may signal the end for conventional cash registers and paper receipts.

The co-founder and CEO of Square, Jack Dorsey, unveiled his new creations that he hopes businesses and customers will be using in the future instead of traditional cash registers.

The Square Register for merchants and the Square Card Holder for consumers are designed to work with Square’s already-released tiny credit card reader for mobile phones. The Square Register transforms an iPad into a portable register, with a software platform to manage payments and download reports on sale patterns and inventory.

Consumers can search for participating businesses on the Card Holder app, where they can browse menus, daily specials, and manage loyalty cards. You can pay just by giving the cashier your name. This will bring up your face and account on the iPad screen and charge you, and you’ll receive a digital receipt for your purchase. Consumers can also view all of their past purchases online. Dorsey said:

Today we want to take away all of this clutter, all of the paper, all of the mess, and get rid of the takeout menu, get rid of the loyalty card, get rid of the receipts, and merge all of this mess and replace it with one clean digital card.

Square

[via Gigaom]

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