In 2009, Jack Dorsey formed a company to provide a credit card payment system via iPhones. What is the name of that company?

In 2009, Jack Dorsey formed a company to provide a credit card payment system via iPhones. What is the name of that company?

• A. Stripe
• B. Clover
• C. Square
• D. PayPal

Answer: (C)

This question tests your knowledge of the company Jack Dorsey formed to enable credit card payments on iPhones. He co-founded Square in 2009 with Jim McKelvey to let people and small businesses accept card payments through a small card reader that plugs into an iPhone, paired with an app that processes the transaction. This mobile hardware plus software approach is what makes Square the right answer. Stripe is known for online payments and APIs, Clover is a POS system from a large processor not started by Dorsey, and PayPal is an established payments company founded earlier with a different focus. Square is the one that matches the scenario.

This question tests your knowledge of the company Jack Dorsey formed to enable credit card payments on iPhones. He co-founded Square in 2009 with Jim McKelvey to let people and small businesses accept card payments through a small card reader that plugs into an iPhone, paired with an app that processes the transaction. This mobile hardware plus software approach is what makes Square the right answer. Stripe is known for online payments and APIs, Clover is a POS system from a large processor not started by Dorsey, and PayPal is an established payments company founded earlier with a different focus. Square is the one that matches the scenario.