The Logic of Tech and InnovationChoose a mobile app, music service, or other

case study that highlights how changes in technology create opportunities and challenges

for entrepreneurs, innovators, or companies.

Square Mobile Payments

What is it?

Device that takes mobile payments from phones or tablet devices

How is this a game changer?

Empowers individuals to take credit card payments

Avoids problems of cash only, cumbersome Point-of-Sales

systems, or interchange fees with credit card services

Empo

wer

s in

divi

dual

s to

take

cr

edit

card

pa

ymen

ts

How it works

Opportunities

Challenges & Dangers

Business Model Challenges

Dangers

Black Market and Criminal Activities

Other forms of mobile payment

Articles Researched •http://en.wikipedia.org/wiki/Disruptive_innovation•http://www.techaaka.com/you-can-use-your-credit-card-in-your-phone.html•http://www.forbes.com/sites/groupthink/2013/06/12/the-best-mobile-payment-systems-small-businesses-weigh-in/•http://www.businessnewsdaily.com/5066-square-market-ecommerce.html•http://www.mobilepaymentstoday.com/article/217971/Mobile-payment-processor-Square-fined-for-unlicensed-activity-in-Florida•http://www.theverge.com/2012/8/30/3280625/square-credit-card-readers-available-att•http://money.cnn.com/2013/05/13/technology/square-guns/•http://www.huffingtonpost.com/2013/04/15/silicon-valley-sex-workers_n_3084713.html

Questions?