Square today announced that it has updated its original free Square Reader for Magstripe with a new Lightning connector, so sellers with the iPhone 7 and above will no longer need to use an ...

Square's old-school magstripe card reader, the one that plugs into an iPhone, will still work with the iPhone 7.

By providing a basic, easy-to-use and secure system (no credit card data is stored on the iPhone in use) Square could turn almost anyone into a credit-card accepting merchant.

Twitter co-founder Jack Dorsey's new company, Square, enables iPhone, iPad, and iPod Touch owners to accept credit card payments, charging a small percentage of each transaction. No monthly or ...