Lauren Goode for AllThingsD:
The New York City Taxi and Limousine Commission has approved a proposal to deploy Square payments technology in 30 taxicabs as part of a test phase that will begin in a few weeks.
Exciting news for the San Francisco-based payment company, which has made huge inroads in the past year. Square uses a reader that plugs into the headphone jack of an iPad, iPhone or Android device and free software to process credit card payments. It’s also another shot across the bow of Verifone, a credit card payment processing giant that competes with Square and the company that currently offers payment processing services for New York City taxis.