HUGE thumbs up from a Starbucks shareholder and smartphone lubber
Starbucks Customers Can Soon Pay With Their PhonesCaffeine addicts and baristas who work during the frenetic morning rush can now rejoice. Starbucks today announced a partnership with mobile-payment platform Square that will soon allow customers to use Square’s payer app to expedite the process.
Customers will be able to use “Pay with Square” at participating company-operated Starbucks stores, about 7,000 in the United States, “later this fall,” the Seattle-based coffee retailer said in a news release.
The premise of Square, which Twitter co-founder Jack Dorsey launched in December 2009, is that “everyone should be able to accept credit cards,” Dorsey wrote in a letter announcing the partnership.
The deal includes a $25 million investment by Starbucks and Starbucks CEO Howard Schultz will join Square’s board of directors.
(Image Credit: Paul J. Richards/AFP/Getty Images)
http://abcnews.go.com/blogs/business/2012/08/starbucks-customers-can-soon-pay-with-their-phones/
