With Square Stand, Jack Dorsey & Co. reimagine the cash register

Avi Lambert:

Looking forward to the day when traditional POS systems go the way of the dodo. The costs for businesses will go down and the convenience for consumers will rise.

Originally posted on Gigaom:

They say all revolutions start out small. Jack Dorsey’s Square is no different.

It started off with a modest card reader, turned into a little app and now the company has developed and launched Square Stand, a point of sale system that reinvents the idea of cash register with help from Apple’s iPad (s AAPL) and Square’s software, allowing the San Francisco-based company to further spread its wings in the payments business. And if there were any doubts that the company was going after payments incumbents such as NCR and Verifone, Square Stand puts it to an end.

SquareStandLaunches

The company announced the Square Stand at an event in a coffee shop near its offices this morning. Square Stand, simply put, is a point of sale system that allows merchants (big and small) to plug in their iPads (2 or 3, but not the 4th generation) into a stand that comes…

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