Facebook who? Square rolls out simpler cash transfers to businesses

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Square, the startup that helped heat up the tech world's interest in mobile payments, seems determined not to lose ground to giant rivals like facebook">Facebook and Google, which are posing direct threats.

In a move that could help improve its profitability, Square, the six-year-old payments startup, announced Monday that it is expanding its money transfer service, called Square Cash, from consumers to include businesses throughout the U.S

See also: Would you trust Facebook with your bank account?

With the new service, Square will enable businesses to receive payments from customers and fans for a small but notable 1.5% fee for each transaction. Square will not charge consumers for the transactions. Read more...

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from MashableSeth Fiegerman