So engadget talked about the Square iPhone Payment System
back in August. If you remember, this device involves an iPhone app and associated dongle, enabling an iPhone or iPod touch to become a kind of mini credit card reader, allowing payments to be taken on the spot, no matter where you are or how big/small the transaction may be.
So who's developing this, Jack Dorsey, the man who built Twitter, has been working on a
this project since around May. His new project, called Squirrel is based around the concept of using the iPhone as a portable cash register. In the images engadget posted of the Square system, you can see a domain name on a receipt: squareup.com.
Squareup.com is the domain of the Square System (obviously), and a casual investigation into the site's WHOIS profile reveals registrant info that points to an office in San Francisco, and a contact email address which reads... billing@paybysquirrel.com. Square, squirrel, square... are you getting it? So the cat, er, squirrel appears to be out of the bag.
[via engadget]