LOL. Dumbass Wall Street thinks Square displaces Visa and Mastercard
It is amazing how dumb Wall Street is from their ivory towers. They see headline that payments solutions "Square" being accepted in Starbucks. They draw conclusion as Square grows Visa and Mastercard lose share.
Square is just a replacement terminal for Verifone so merchants can accept Visa/MC/Discover/Amex cards. Imagine if Wall Street "guru's" had half a brain and took 5 minutes to go to Square website or actually learn about it instead of reading a headline and drawing conclusions.
Taking money from these dumb fools has never been easier. Keep reading those headlines Wall St.