Square Demands that mPowa Remove Product Image from Website

Print
Email
Reprints
Comment
Twitter
LinkedIn
Facebook
Google+

In strongly stated letter, Square has asked British mobile payment company mPowa to stop using an image that's similar to a photo Square runs on its website.

The two images in question show a hand swiping a card against a square-shaped reader plugged into a mobile phone. Popular tech blog TechCrunch posted the letter.

This "is silly and childish," says mPowa chief executive Dan Wagner. "We'll probably take this image off, if it's offending them."

mPowa recently began soliciting U.S. partners for its dongle.

The unit of Powa, which operates an ecommerce platform, is looking to work with banks and others to white-label its product, as well as work directly with mid-size and larger merchants. mPowa has already signed up several thousand merchants, including an events company and a taxi cab company.

But unlike Square, mPowa has a reader that can process chip and PIN cards that employ the EMV security standard.

The incident could speak to a growing competition between outfits that offer such dongles.

"Expect a lot more where this came from," says Jim Van Dyke, the president and founder of Javelin Strategy & Research. "When PayPal started out they spent nearly as much time playing defense on patent as well as regulatory issues as they did offensively working to open up a new market. It's a plight of all successful payments innovators."

JOIN THE DISCUSSION

SEE MORE IN

RELATED TAGS

'The Law Penalizes the Consumers It Set Out to Protect': Comments of the Week

American Banker readers share their views on the most pressing banking topics of the week. As excerpted from the Comments sections of AmericanBanker.com articles.

(Image: Fotolia)

Comments (0)

Be the first to comment on this post using the section below.

Add Your Comments:
Not Registered?
You must be registered to post a comment. Click here to register.
Already registered? Log in here
Please note you must now log in with your email address and password.

The FinTech 100

FIS and Tata once again top the annual FinTech 100 list of vendors, ranked by revenue; IBM and Hewlett-Packard lead the pack of tech companies serving multiple industries; and Bionym and Silver Tail are among the 10 Tech Companies to Watch.
DAILY ENEWSLETTER UPDATE

A Newsletter featuring Bank Technology News' top stories plus special reports and data

This feature displays payments industry news and analysis from American Banker sibling brand PaymentsSource. Registration is required; for more information contact customer service.

TWITTER
FACEBOOK
LINKEDIN
Already a subscriber? Log in here
Please note you must now log in with your email address and password.