Which company was formed by Jack Dorsey to provide small business owners with card payment processing via iPhones and added aggregator services?

Which company was formed by Jack Dorsey to provide small business owners with card payment processing via iPhones and added aggregator services?

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

Answer: (D)

This question centers on the idea of a company that built an easy-to-use way for small businesses to take card payments with a phone and then expanded into a broader set of services for merchants. Square fits this description: it was formed by Jack Dorsey to let merchants accept credit and debit cards on the go by attaching a simple card reader to an iPhone. That mobile card-processing breakthrough opened the door to a full payments ecosystem—point-of-sale software, invoicing, payroll, lending, and other merchant services—so businesses could manage sales and finances in one place. The other options are different companies with distinct origins, whereas Square matches the combination of mobile card processing via iPhones and subsequent aggregator-style merchant services.

This question centers on the idea of a company that built an easy-to-use way for small businesses to take card payments with a phone and then expanded into a broader set of services for merchants. Square fits this description: it was formed by Jack Dorsey to let merchants accept credit and debit cards on the go by attaching a simple card reader to an iPhone. That mobile card-processing breakthrough opened the door to a full payments ecosystem—point-of-sale software, invoicing, payroll, lending, and other merchant services—so businesses could manage sales and finances in one place. The other options are different companies with distinct origins, whereas Square matches the combination of mobile card processing via iPhones and subsequent aggregator-style merchant services.