Twitter inventor's mobile credit card startup goes live - Bizjournals.com

[Scavenger]

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GadgetCrave.com (http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fgadgetcrave.com%2Ftwitter-founders-square-streamlines-credit-card-payments%2F4307%2F&usg=AFQjCNHThvCAoxjv5ToiZbikvdc2WHl2mw)
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Twitter inventor&#39;s mobile credit card startup goes live (http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.bizjournals.com%2Fsanjose%2Fs tories%2F2009%2F11%2F30%2Fdaily42.html&usg=AFQjCNE-SAg9wNUDtMW59BkvqszepnGpxg)
Bizjournals.com
Square provides merchants with small squarish attachments that plug into mobile phones â?? apparently Cupertino-based Apple Inc.&#39;s (NASDAQ:AAPL) iPhones and ...
Twitter co-founder Jack Dorsey shows off his new mobile payments startup (http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fventurebeat.com%2F2009%2F12%2F01% 2Ftwitter-co-founder-jack-dorsey-shows-off-his-new-mobile-payments-startup%2F&usg=AFQjCNG9TZuw5NB9UVyYTN2wz0BVVbFFvQ)VentureBeat
Square: Twitter Co-Founder Launches New Mobile Payment System (http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.readwriteweb.com%2Farchives%2 Ftwitter_co-founder_launches_new_mobile_payment_system.php&usg=AFQjCNHH6w3SmjiPnIhbHT7Kfi93vrZ-cw)ReadWriteWeb (blog)
FP Tech Desk: Twitter co-founder launches mobile payment technology startup (http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fnetwork.nationalpost.com%2Fnp%2Fb logs%2Ffpposted%2Farchive%2F2009%2F12%2F01%2Ffp-tech-desk-twitter-co-founder-launches-mobile-payment-technology-startup.aspx&usg=AFQjCNFSE0mPwOet0n0rFiixdkPdwNpIjA)National Post
Huffington Post (blog) (http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.huffingtonpost.com%2F2009%2F1 2%2F01%2Fsquare-jack-dorsey-demos_n_375629.html&usg=AFQjCNF2lxIzkEpUWI1Jon9xAnmqd_DSNw) -Washington Post (http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.washingtonpost.com%2Fwp-dyn%2Fcontent%2Farticle%2F2009%2F12%2F01%2FAR20091 20102353.html&usg=AFQjCNG2GRpypaNw9Ju4JBmPmOaRq0Yteg) -GadgetCrave.com (http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fgadgetcrave.com%2Ftwitter-founders-square-streamlines-credit-card-payments%2F4307%2F&usg=AFQjCNHThvCAoxjv5ToiZbikvdc2WHl2mw)
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[andymoore]

Worth watching out for me thinks

[Tim]

I don't understand the benefit to the consumer. Does the consumer now have to provide the credit card terminal via their mobile in order to pay for goods? What about security, bandwidth, privacy, and outages?