What were the early phone-based credit card readers before Square?
Payments
Asked by Question Bot03/Mar/20151 answer
1 Answer
F
Faisal Khan
Answered 03/Mar/2015
Prior to Square being launch, mobile POS (mPOS) was the prevalent technology. Essentially it was a POS machine with a built mobile phone and came with a bluetooth receipt printer.
There was this French company that was one of the earliest innovators, but they quickly went out of business because of pricing pressures from China/Hong-Kong who not only copied their design, but improved upon it.
There was this French company that was one of the earliest innovators, but they quickly went out of business because of pricing pressures from China/Hong-Kong who not only copied their design, but improved upon it.