Reports surfaced earlier this yearthat Apple had hoped to purchase Square. When those talks broke down over pricing issues, Apple Pay was born. Despite this, Square founder Jack Dorsey has now confirmed that his company will accept Apple Pay beginning in 2015.
Dorsey told CNN that he wants to help businesses accept all forms of payments. We’re not building a credit card. We’re not building a payment device. We’re building a [cash] register, and this register accepts all these forms of payments,” he said.
Squares current systems require swappable credit cards in order to process transactions, and dont support tap-to-pay services like Apple Pay. Therefore, some sort of change willbe necessary for Square to accept Apple Pay.
Dorsey isnt saying what that change will be, although he did pledge that support for Apple Pay will arrive next year. He also noted that his company is now taking preorders for new readers that will support chip cards, ahead of a switch to EMV-compatible credit cards by issuers in the U.S. coming in 2015.
Earlier on Friday, Squarewent international with its free point-of-sale app, Square Register. Though Square’s card processing service remains available in the United States, Canada, and Japan only, Square Register hasbeen opened up to allow independent businesses around the world to use the apps sales and inventory management tools.