Starbucks has offered its own mobile payment app since last year and processes more than a million mobile payments a week. Customers will continue to be able to use it, but they will also be able to use Pay With Square, Square’s cellphone app, which eliminates even having to take the phone out of your pocket or sign a receipt.
At first, Starbucks customers will need to show the merchant a bar code on their phones. But when Starbucks uses Square’s full GPS technology, the customer’s phone will automatically notify the store that the customer has entered, and the customer’s name and photo will pop up on the cashier’s screen. The customer will give the merchant his or her name, Starbucks will match the photo and the payment will be complete. [Emphasis added.]
Correcting misconceptions about markets, economics, asset prices, derivatives, equities, debt and finance
Wednesday, August 8, 2012
Soon Your Name And Photo Will Appear On A Starbucks Cashier's Screen When You Enter
Posted By Milton Recht
From The New York Times, "Starbucks and Square to Team Up" by Claire Cain Miller:
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