Techmeme: Square raises $100 million at $6 billion valuation (Dan Primack/Fortune)

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September 12, 2014, 6:55 PM

Top News

Nathaniel Popper / New York Times:

Apple Pay charged a lower transaction rate by banks than typical for credit card transactions, won't be accepted by Walmart and Best Buy — Banks Did It Apple's Way in Payments by Mobile — JPMorgan Chase's chief financial officer, Marianne Lake, took the stage at a financial conference …

More: Business Insider, NPR, Tech Trader Daily, Cult of Mac, The Verge, SiliconBeat, AppleInsider, iPhone in Canada Blog, SlashGear, WebProNews, PYMNTS.com, TUAW, Seeking Alpha, DisplayBlog and WebProNews

Tweets: @mikeisaac, @tim, @fmanjoo, @micksussman, @nytimesbusiness, @counternotions and @tek_fin

Juli Clover / MacRumors:

Apple Pay Details: Apple Gets 0.15% Cut of Purchases, Higher Rates for Bluetooth Payments — Apple's ambitious new mobile payment initiative, Apple Pay, was announced on Tuesday during the company's iPhone event. Many questions still linger about the service, but information is beginning …

More: Financial Times, BGR, AppleInsider, 9to5Mac, iMore, SlashGear, Pocketnow and iDownloadBlog.com. Tweets: @mdudas

Ian Kar / Bank Innovation:

Apple Pay transactions: Bluetooth, in-app purchases charged “card-not-present” rate; card networks generate tokens — Here's How the Security Behind Apple Pay Will Really Work — Apple Pay was introduced by the giant technology company only three days ago …

More: Macworld and iPhone in Canada Blog

Ian Kar / Bank Innovation:

Apple Poaching Talent from AmEx, PayPal, Google — for Loyalty Program

Thanks:@iankar_

Michael Carney / PandoDaily:

Merchants equipped for Apple Pay likely to surge in US as October 2015 deadline for EMV support spurs point of sale system upgrades

More: Electronista, Business Insider, Mercury News, MacRumors, 9to5Mac, internetretailer.com, The Boston Globe and VentureBeat

Tweets: @adamnash and @stevesi

Ina Fried / Re/code:

iPhone 6 Plus sells out within hours, Apple reports “record number” of pre-orders for new iPhones, AT&T says demand is higher than past two years — Larger iPhone 6 Plus Sells Out, “Record Number” of iPhone Pre-orders — Yep, lots of people tried to order new iPhones as pre-sales began just after midnight on Friday.

Dan Gualtieri / Laptop Mag:

iPhone 6 trade-in deals: carriers, third-party services compared — Best iPhone 6 Trade-In Deals: Carriers Compared — With the impending release of the iPhone 6 and iPhone 6 Plus (starting at $199 and $299, respectively), it seems like new options for iPhone users with older models are popping up each day.

More: eWeek, Daily Mail, Re/code, 9to5Mac, ABC News, TIME, NBC News, Tech Times and TUAW

Dan Primack / Fortune:

Square raises $100 million at $6 billion valuation — Payments company Square has raised $100 million in new funding at a valuation of nearly $6 billion, according to a Delaware filing obtained by VCExperts.com and shared with Fortune. — The San Francisco-based company issued 6.4 million …

More: TechCrunch, Forbes, AppleInsider, MacRumors, 9to5Mac, New York Times, Gigaom, iDownloadBlog.com, Business Insider, VentureBreak and VentureBeat

Tweets: @eringriffith, @danprimack, @danprimack and @benparr

Peter Kafka / Re/code:

Apple Users Download Free U2 Album Two Million Times — Some of you do not want the U2 album Apple is giving away. But lots of you were willing to download it. Or, at a minimum, your iPhones and MacBooks did. — iTunes users have downloaded more than 2 million copies of “Songs of Innocence” …

More: Business Insider, AppleInsider, MacRumors, 9to5Mac, US News, MacNN, Album Reviews, MacDailyNews, Cult of Mac, iPhone in Canada Blog and Electronista. Tweets: @bwerde. See also Mediagazer

Johana Bhuiyan / BuzzFeed:

About 1000 New York Uber drivers plan to strike on Monday over fares and working conditions — Uber Drivers “Strike” — And Switch To Lyft — Over Fares And Conditions — Testing the labor market. “Uber is not doing anything — it's only an application on our phones.” — Facebook: uberdriversnetwork

More: Business Insider, PandoDaily and TechnoBuffalo

Tweets: @dtunkelang, @cgsaw, @dhh and @laurahazardowen

Y Combinator:

Y Combinator requests applications from startups in certain areas including energy, A.I., robotics, biotech, and healthcare — New Requests for Startups — INTRODUCTION There are a lot of startup ideas we've been waiting for people to apply with, sometimes for years.

More: Gigaom and TechCrunch. Tweets: @aparanjape and @mattcutts

Jordan Kahn / 9to5Mac:

Apple says new iOS 8 SMS Continuity feature won't arrive until October — Apple's website detailing Continuity features arriving with iOS 8 and OS X Yosemite in the coming weeks has been updated to announce SMS support won't arrive until October. — The feature, which allows users to send …

More: MacRumors, TechCrunch, BGR, SlashGear, iPhone in Canada Blog, App Advice, iDownloadBlog.com, iPhone Hacks and iMore

Roger Cheng / CNET:

AT&T plans to offer Wi-Fi calling in 2015 — AT&T's Ralph de la Vega also said he expects customer turnover to remain low in the third quarter. — AT&T will embrace Wi-Fi calling in 2015. — That's according to Ralph De la Vega, CEO of the company's mobility and enterprise business.

More: Light Reading, 9to5Mac, The Register, Gizmodo, InvestorPlace, AppleInsider, iMore and Liliputing

Wall Street Journal:

Facebook is trying to lure YouTube's biggest content creators, discussing advertising — Facebook Tries to Muscle In on YouTube — Social Network Makes a Pitch to Lure Content Creators, Discusses How Ads Might Be Used — In what may be another signal that Facebook Inc. wants to take on YouTube …

More: Marketing Pilgrim, InvestorPlace, Reuters and Tubefilter. See also Mediagazer

Frederic Lardinois / TechCrunch:

Google Offers Early-Stage Startups $100,000 In Cloud Platform Credits For 1 Year — If you are an early stage startup, Google wants to give you $100,000 in Cloud Platform credits for one year so you can host your applications on its servers (and not on AWS or Azure).

Tom Warren / The Verge:

Windows 9's new Start menu demonstrated on video — Microsoft may have demonstrated its new Start menu earlier this year, but thanks to a recent “Windows 9” leak we're now seeing every single part of the company's plans for bringing back this popular feature.

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