Bank Of America announces kind of Square-thing

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Bank Of America today announced it's latest offering for merchants – it's Mobile Pay on Demand service, which is like Square but rectangular.

According to All Things D : "Some of the perks provided by the service include next-day access to funds and customer service representatives available by phone. Additionally, retailers will be the merchant of record, meaning that the name of the business will appear on a consumer's credit card statement instead of Bank of America's or some other provider."

Head over to All things D for more…

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