Close-up of point of sale system from technology company Square in a restaurant setting in San … [+]
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Here are five things in technology that happened this past week and how they affect your business. Did you miss them?
1 —Square may soon offer small business checking and savings accounts.
Bloomberg shared this past week that Square is preparing to roll out a checking and savings account option to their customers who own and run small businesses. According to the information, Square does not plan to charge overdraft, minimum balance, or service fees on the checking account. With its savings account, Square will offer an interest rate of 0.5% through this year. Small business owners will be able to immediately have access to funds in their checking account from transactions conducted in Square. (Source: Banking Dive)
Why this is…