Plenty of skeptics for Jack Dorsey’s next move
Jim McKelvey shows off Square. (Dawn Majors, St. Louis Post-Dispatch)
My colleague Tim Barker had a story this past weekend for our business section about the next business venture for Jack Dorsey, the St. Louisan who co-founded Twitter and has just started generating buzz for his latest venture, Square.
The mobile credit card payment system depends on a small piece of hardware that plugs into the audio jack in a user’s smart phone. With that dongle, a user can accept a credit card payment by swiping the card through it, getting the buyer to sign with his finger on the phone and, bingo, the transaction is done.
Tim (who is one of the reporters I edit) interviewed Jim McKelvey, a co-owner with Dorsey in Square and the guy who helped inspire the idea, thanks to a lost sale at his Third Degree Glass Factory in St. Louis. McKelvey couldn’t take a payment from a customer who wanted to pay with American Express. Read more
Kurt's Tweets- Realizing how woefully out of touch I have been with this part of the county. (@ Saint Louis Bread Company) http://4sq.com/5z5Bfh
- Just had my first Gmail phone call -- with my parents -- and the quality was fantastic. Wow. http://tcrn.ch/a8GndI
- Another day, another interview. Fingers crossed. (@ Saint Louis Bread Co) http://4sq.com/avGImL
- Helping my son learn the first 20 elements on the periodic table. Disturbed by how many more elements there are since I studied this stuff.
- Giving blood. (@ St. Martin's Episcopal Church) http://4sq.com/aiWuEk