Photo: Willo O'Brien, a designer and illustrator, demonstrates Square on her iPhone in San Francisco, Dec. 18, 2009. (AP Photo/Russel A. Daniels)From CBS News/AP:
Square's First Product Is Tiny Credit Card Terminal that Plugs into an iPhone.
Jack Dorsey revolutionized online socializing by co-founding Twitter in 2006. Now he wants to transform the way people exchange money.
Dorsey is leading a new startup called Square. Its first product resembles a cube: a tiny credit card terminal that plugs into the headphone jack of an iPhone. The goal is to make it easier to complete a credit card transaction, whether you're a street vendor selling T-shirts or an individual settling a lunch tab with a friend.
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