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Square looks to fill holes with MIT pegs

September 28, 2012

The head of one of the biggest mobile credit card firms in the country recently made his way to the Massachusetts Institute of Technology (MIT) looking for new talent to help the expanding business.

The head of one of the biggest mobile credit card firms in the country recently made his way to the Massachusetts Institute of Technology (MIT) looking for new talent to help the expanding business.

The Boston Globe reports that Square chief Jack Dorsey, who also co-founded Twitter, was at the leading institution to tout his company and find those who wanted to jump on board. Over the next year, the mobile payment firm is seeking to double its staff.

Dorsey said that the firm was looking to become even more innovative in the next few years/

“Square is going after a very big problem, which is commerce,” said Dorsey, in an interview with the Globe. “We have a very large ambition for what we want to do, and also the speed with which we want to do it.”

Square made other headlines when it announced that it would be charging small businesses a flat fee of  $275 a month instead of 2.75 percent per swipe. As more people get used to paying at a mobile credit card terminal, firms aim to take advantage. 

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