Starbucks Approached Square After Rejecting Every Other Mobile Payment Player

 

“Just when the mobile payment wars were heating up, Square dropped an A-bomb on the competition. Last night the payment processing startup, previously focused on small and very small vendors, announced a deal with Starbucks. Square will now process all credit and debit payments for 7000 US Starbucks stores. And Starbucks will invest $25 million into Square’s latest monster round of funding. Celebratory frappuccinos all around.”