Could Apple buy Square to accelerate its mobile payment plans?

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Re/code is reporting that both Apple and Google have considered making acquisition offers for payments company Square, with CEO Jack Dorsey said to favor a sale to Apple.

In the last year, both Apple and Google have considered making acquisition offers for Square, according to industry sources familiar with the situation […]

[Dorsey] believes, sources said, that his company’s design aesthetic and values match up much more closely with Apple than Google …

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Starbucks signs up for iPhone-based Square credit card/debit payments for nearly 7,000 stores

In an announcement on Square’s website today, CEO Jack Dorsey announced Starbucks signed up to accept payments from customers through the Pay with Square iOS app via Square’s iPhone credit card readers and merchant app. Dorsey also confirmed functionality would roll out to nearly 7,000 Starbucks locations soon, while Starbucks locations will be added to the Square Directory. The Square Directory will also soon be accessible from a number of Starbucks platforms including the Starbucks Digital Network and mobile payment app. Starbucks announced in its own press release that it would invest $25 million in Square, while Starbucks’ chairman, president, and CEO, Howard Schultz, will join Square’s board of directors. On top of credit cards, Starbucks will use Square to handle debit payments, which the company said would reduce overall payment processing costs.

Beginning this fall, in addition to the existing iPhone® and Android™ Starbucks mobile payment applications, Starbucks customers will be able to use Pay with Square to pay for their purchases at participating company operated Starbucks locations in the U.S. Customers simply need to download the Pay with Square application and set up an account on their iPhone® or Android™ device.

More than two-thirds of the 27 million small businesses in the U.S. currently do not accept credit or debit cards, in large part because of the expensive interchange fees associated with payment processing, cumbersome application process and required credit checks. Square enables merchants of any size – from sole proprietors to national retailers – to accept credit and debit cards.

Apple Marketing SVP Phil Schiller dumps ‘Instagram’ over expansion to Android

Twitter cofounder Jack Dorsey is not the only photo-loving business executive upset by Instagram in recent weeks. While Dorsey stopped posting photos on Instagram after Facebook reportedly beat his Twitter to an acquisition of the app, Apple Senior Vice President Phil Schiller quit Instagram for another reason: Android.

A reader noticed Schiller deleted his Instagram account (@schiller), and then reached out to Apple’s most visible public speaker by Twitter for confirmation. Schiller told the reader that he quit the rising photo-based social network, because the app “jumped the shark” when it launched on the Android platform.

In terms of iOS marketing, which is something that Schiller runs at the highest level, Instagram could have been seen as a pull for smartphone buyers to the iOS platform. The fun, convenient, and growing network was featured several times in Apple’s App Store—even winning “App of the Year” recognition. As marketing chief at Apple, seeing one of the platform’s most popular third-party pieces of software running on millions of Android phones is a disappointing sight.

Update: 9to5mac reader Clayton got in touch (we verified headers) with SVP Schiller who clarified his position… a little:

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