PayPal steps up battle against Square

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Square legitimized the market for small, simple devices that can process POS transactions at lower costs, giving lots of competitors a reason to flood the market with competing devices, from small start-ups to big banks. But PayPal has emerged as a powerful new competitor. The online payments giant has big plans to invade the POS market at all levels. It launched an iPad app aimed at small businesses that scans barcode and wirelessly connects to cash drawer and printer. Article

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