Mobile payments startup Square has formed an extensive partnership with Starbucks that includes a $25 million investment from the coffeehouse giant.
Under the terms of the deal announced this evening, Square will process credit and debit card transactions at U.S. stores. Also, Starbucks customers will be able to make purchases with Pay with Square -- Square's payer app -- at Starbucks locations later this fall.
In addition to investing $25 million in Square's fourth round of funding, Starbucks CEO Howard Schultz will join Square's board of directors. In June 2011, the company raised $100 million in … Read more