Video: Starbucks, Square Team Up for Mobile Payment
Coffee giant Starbucks and tech payment company Square announced a new partnership starting this fall that will bring Square's credit card payment technology into 7,000 Starbucks locations in the U.S. Under the deal, Square will process Starbucks U.S. credit and debit card transactions, Starbucks will invest $25 million in Square. Starbucks’ CEO Howard Schultz will join Square's board of directors. The Square Directory will also integrate with Starbucks’ digital platforms to help customers locate Starbucks and other Square businesses in their vicinity.