Paying for your morning Starbucks drink may soon come in a new fashion. The Square software company recently worked up a deal with Starbucks to begin handling all credit card transactions with the coffee giant. Via TNW:
The availability of readers in Starbucks stores comes after Starbucks signed a $25 million payment deal with Square, an agreement that sees it handle all credit card transactions for the coffee giant. Starbucks was one major backer in Square’s Series D financing round — which valued it at $3.75 billion — which also saw Starbucks chairman, president and CEO Howard Schultz join the company’s Board of Directors.
The company entered the new year with more than $341 million in total funding, processing $10 billion annually.
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