Square mobile payments reach $5 billion annualized

Just a month ago, Square told the world it was processing $4 billion in transactions. Today, it says it has reached $5 billion. PayPal says it is nearing the launch of its mobile payments program. Other large players in the Mobile Point-of-Sale space include GoPayment by Intuit, and NCR Silver a "cloud-based MPOS retail system" from National Cash Register Co. (aka NCR).