Square hits its magic number: 1 billion credit card payments processed


Jack Dorsey had something to be proud of when he took to Twitter this afternoon. Square processed its 1 billionth card transaction on Wednesday. The honor goes to a merchant in Sacramento, CA, according to Dorsey’s tweet.

One billion is certainly a milestone after only five years in business, but in the grand scheme of the financial industry, it’s still pretty small potatoes. In comparison, PayPal processes nearly 10 million transactions a day, meaning its handling Square’s entire historical volume at least three times a year.

But Dorsey would probably be the first to tell you Square is just getting started. It’s expanding from the small mobile business owner to larger brick-and-mortar retail locations from multi-register stores to restaurants

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Netflix’s secret weapon to conquer Europe: pay TV boxes


Netflix launched in Germany and Austria on Tuesday after going live in France on Monday, and the company is set to announce launches in three additional European countries later this week. It’s one of Netflix’s most ambitious expansions to date, and it’s coming with a new set of partners: In Germany, Netflix struck an alliance with Deutsche Telekom, and, in France, it teamed up with Bouygues Telecom.

These partnerships could be a key part to Netflix’s expansion in Europe and provide a blueprint for further growth in the U.S. In Germany, [company]Deutsche Telekom[/company] is adding Netflix’s app to its Entertain pay TV platform. In France, the app is going to be available on [company]Bouygues Telecom[/company]’s Android-based set-top boxes starting in November.

This isn’t the first time Netflix has struck these kinds of alliances with pay TV operators. However, in the past, cooperations were restricted to operators that were leasing [company]TiVo[/company]’s…

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