Square

I have long considered Square a game-changer. They keep fucking up, per latest below, but I believe that even where there are strong banks, easy access to credit and a robust, nearly-everywhere credit card infrastructure, such as in the US and Europe, that payments via smartphone will be a massive new industry.

Statement from Founder:

The way we are handling the risk of chargebacks and fraud is through transaction limits, but we have received feedback that those limits are too low. We are rethinking and expanding our underwriting infrastructure to address this issue. As soon as we finish, we will send you an email to confirm that you would like us to run a credit check (or you can cancel your request to process cards with Square which will securely remove your personal information). We will then ship your free card reader and activate your account to accept card payments.

We thank you for your continued patience as we work to deliver a utility you can use every day and for allowing us the time to get it right.

Part of my ongoing effort to build a directory of smartphone-dependent businesses.