Twitter co-founder Jack Dorsey launched a new payment system today for mobile phones called Square.  This solution looks to give anyone with a smart phone or laptop computer the ability to process credit card payments, without a merchant account even.

With a small dongle attachment to your device, you can swipe away, process and even provide verification and receipt. From what I can see and read, this is a huge win for small business, especially very small business.

Here are a few photos from the Square website:

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A tool/technology that enables payment, turning your mobile device or laptop into a cash register is a valuable utility.  I like the fact I could take a signed contract and run their down payment for the web design project right on the spot.

I will be eagerly awaiting the initial feedback from users of Square. You?

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