BofA Is Sick Of Square, Rolls Out New Mobile Payment System

The mobile payment system allows the use of any smartphone or iPad as a point-of-sale terminal and is aimed at small businesses. With transaction fees set at levels similar to those currently charged by technology firms, Bank of America is no doubt looking to gain a strong footing in the payments market with this new offering.

Source: http://www.forbes.com/sites/greatspeculations/2012/11/21/bofa-is-sick-of-square-rolls-out-new-mobile-payment-system/

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