Square introduces Register point-of-sale solution for iPad

Mobile payments solutions provider Square introduced its new Square Register point-of-sale application for Apple's (NASDAQ:AAPL) iPad tablet, promising a full-featured, touch-enabled retail checkout alternative designed to replace traditional cash register and credit card terminal hardware.

Square Register for the iPad allows businesses to generate digital receipts.

The free Square Register app offers businesses new tools to manage sales, check daily transactions, update pricing, automate checkout, generate digital receipts and maintain virtual storefronts--with the new Tabs feature, customers can create and store a digital profile complete with photo, enabling merchants to verify their identify and approve a purchase with one touch, effectively rendering cash and plastic obsolete in the process.

In addition, Square Register's location-based Directory feature allows customers to explore nearby merchants, while Menus gives retailers and restaurants the flexibility to promote daily specials, current menus and trending items in real time.

In conjunction with Square Register, Square also introduced Card Case, a new iPhone and Android app update offering customers access to the Directory and Menus features. Card Case users can also open Tabs with their favorite businesses.

First introduced for the iPhone in late 2009, Square (recently named one of the year's top mobile startups by sister publication FierceWireless) enables small businesses and other users to accept credit and debit purchases by swiping cards through a small dongle that plugs into the device's audio jack--the service promises users no contracts, monthly fees or hidden costs. Earlier this year, Square COO Keith Rabois stated that the startup is now signing up 100,000 new merchant partners each month, compared to 30,000 per month in fall 2010. Less than three months after mobile payments solutions provider Square said it was handling $1 million in transactions each day, CEO Jack Dorsey tweeted Saturday that the company is now processing over $3 million in transactions a day.

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