AFP 2012-08-08 20:00:47
(FILES)People use their laptop computers at a Starbucks in Washington, DC, in this May 9, 2012 photo. Starbucks is pouring $25 million into electronic payments start-up Square in a partnership that expands mobile payment options at the coffee chain, the companies announced August 8, 2012. Starbucks customers will be able to use the Pay with Square mobile application to buy their Java beginning in the fall, and find nearby Starbucks locations via Square Directory. Meanwhile Square will process Starbucks US credit and debit card transactions, sharply expanding Square's scale and, in turn, lowering Starbucks's payment processing costs.
Starbucks has been a pioneer in mobile payments, with a mobile phone application usable in the United States and Canada, and since the beginning of the year in Britain. AFP PHOTO/Jewel Samad