Jack Dorsey's mobile payment company Square already allows anyone to accept credit cards through their iPhone or Android Phone.
But today he took a big step to make Square the definitive mobile payments company, and beat Apple and Google to market. And in a first on CNBC interview he gave some perspective on his strategy for both Square, where he's CEO and Twitter, where he's Chairman, overseeing product.
At a press event in San Francisco Square rolled out new mobile payment systems designed to help both retailers and consumers. A new free app, called "Register" makes it affordable for small businesses to accept credit cards, automate checkouts, and measure and manage everything they sell. The company is targeting the 27 million businesses which don't currently accept credit cards, but Dorsey says he'd also like to convert the companies that have credit card registers taking up precious counter space.