Paypal’s Scott Thompson, Square’s Keith Rabois and GSI’s Michael Rubin took the stage at Web 2.0 Summit today to talk about the future of digital commerce.
As a continuation of John Battelle’s argument that a credit/debit card payment counts as a “check-in,” Rabois explained that there is data other than what we historically use to prevent fraud that can be used to protect users, including social data from Facebook and Twitter that can be used to verify purchases.
Rabois started to get into an anecdote (which he never finished) about the first fraud attempt at Square, revealing that he was excited about the unique milestone. Why? Well, apparently fraud attempts in the mobile payments world mean that you’re succeeding as a company.
Congrats Keith, we’re so proud.
Square is a revolutionary service that enables anyone to accept credit cards anywhere. Square offers an easy to use, free credit card reader that plugs into a phone or iPad. It’s simple to sign up. There are no extra equipment, complicated contracts, monthly fees or merchant account required. Co-founded by Jim McKelvey and Jack Dorsey in 2009, the company is headquartered in San Francisco with additional offices in Saint Louis and New York City.
Sponsored Ads
Sponsored Ads
Sponsored Ads
