Square Introduces Stand to Turn IPads Into Cash Registers

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Square Inc., the payments startup co-founded by Twitter Inc. Chairman Jack Dorsey, is rolling out hardware that turns iPads into point-of-sale systems, bolstering an effort replace cash registers in stores.

Square Stand, which costs $299, includes a credit-card reader and swivels back and forth, allowing customers to enter information from across a counter, the company said in a statementBloomberg Terminal today. By connecting to a mobile point-of-sale application called Square Register, shops will also have access to real-time sales data.