Here's a snippet from an article entitled: Who Created Square’s Technology? Why Retailers Have Reason To Be Nervous
The last thing an alternative mobile payments vendor needs is to discover that someone else holds the patent to key technology. In the case of Square, the alternative payments vendor with the little card-swiper that plugs into an iPhone, it’s worse: Square’s founders are now in the early stages of a lawsuit over a patent for technology they not only thought they had invented but for which they actually paid the filing fee of said patent, which actually ended up with someone else’s name on it.
Read more: http://storefrontbacktalk.com/securityfraud/who-created-squares-technology-why-retailers-have-reason-to-be-nervous/#ixzz1CLN0pugY
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