Square plans to accept Apple Pay in 2015

Mobile payments company Square is working toward accepting Apple Pay for transactions through its system by some time next year, according to a new report from CNN Money. Although Square offers its own payment sending service in the form of Square Cash, the company is primarily focused on providing a mobile merchant solution, and the ability to accept Apple Pay would be a logical fit. Square’s current hardware is only designed to support swiping of traditional credit cards, and Apple at this time does not allow third-party developers to access the NFC hardware in the iPhone 6 and iPhone 6 Plus. Square would presumably develop an NFC add-on module similar in concept to their current Square Reader that could accept Apple Pay transactions in the same manner as traditional payment terminals.