19 February 2017
visit nextgenbanking.co.uk

Larry Summers joins Square board

23 June 2011  |  7300 views  |  0 iphone apps on screen

Larry Summers, former Treasury secretary and chief economic adviser to President Obama, has joined the board of mobile payments outfit Square.

As well as serving both presidents Clinton and Obama, Summers is a former president of Harvard. He joins venture capitalist and Sun Microsystems co-founder Vinod Khosla who also recently joined the Square board.

Led by Twitter co-founder Jack Dorsey, Square provides merchants with a piece of plastic that fits in to the headphone jack of handsets and acts as a card swipe for processing payments.

According to some press reports, the fast-growing firm is currently putting together a $50 million funding round that would give it a $2 billion valuation.

Says Dorsey: "Square is at a key point in our trajectory and we know Larry will contribute tremendous wisdom and expertise toward our continued success."
KeywordsEFTPOSPEOPLE

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Square bids to kill off the cash register

Square bids to kill off the cash register

24 May 2011  |  11627 views  |  0 comments
Following VeriFone spat and Visa investment, Square adds encryption

Following VeriFone spat and Visa investment, Square adds encryption

03 May 2011  |  9226 views  |  0 comments
Visa invests in Square

Visa invests in Square

28 April 2011  |  14638 views  |  1 comments
VeriFone taps Facebook to bash Square

VeriFone taps Facebook to bash Square

22 March 2011  |  8990 views  |  0 comments
Square accused by rival of massive security failing

Square accused by rival of massive security failing

10 March 2011  |  12774 views  |  5 comments
Square processing $1m per day; Apple boasts payment stats

Square processing $1m per day; Apple boasts payment stats

03 March 2011  |  12171 views  |  4 comments
Square raises $27.5m

Square raises $27.5m

11 January 2011  |  9343 views  |  1 comments
Square begins mass-market roll out

Square begins mass-market roll out

10 November 2010  |  11612 views  |  4 comments
Twitter founder Dorsey launches mobile phone credit card reader

Twitter founder Dorsey launches mobile phone credit card reader

02 December 2009  |  14914 views  |  2 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit dh.com visit dh.com

Top topics

Most viewed Most shared
IBM and Visa join forces to turn billions of connected devices into points of saleIBM and Visa join forces to turn billions...
14001 views 11 comments | 48 tweets | 81 linkedin
Nesta launches £5 million Open API challengeNesta launches £5 million Open API ch...
10035 views comments | 21 tweets | 18 linkedin
Jaguar embeds payments into digital dashboardJaguar embeds payments into digital dashbo...
9409 views comments | 48 tweets | 55 linkedin
The fintech effect: Banks buy in to benefits of boosting financial well-beingThe fintech effect: Banks buy in to benefi...
8810 views comments | 15 tweets | 11 linkedin
Kevin the bot uses blockchain to offer insurance for P2P transactionsKevin the bot uses blockchain to offer ins...
7532 views comments | 16 tweets | 12 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job