Square lands $100M of venture capital funding, placing the mobile payments startup in a better...

|By:, SA News Editor

Square lands $100M of venture capital funding, placing the mobile payments startup in a better position to compete with Google (GOOG +0.2%) Wallet and PayPal (EBAY -0.9%) in the battle for a piece of the mobile payments pie. The firm's credit card reader enables mobile devices to swipe cards for a flat 2.75% fee.