Square has, yet another, clone, Bank of America. Should square be scared?

Originally published on Kapuno in the Technology community

🔗 Bank of America is the latest to challenge Square (Article)

Note that Bank of America, like Paypal, set base rate at 2.7% compared to Square’s 2.75%

On features from the article:

Bank of America will offer next-day access to funds, customer service by phone and the ability for retailers to be the merchant of record so their name will appear on a consumer’s credit card statements. Other features include no monthly fees, easy online sign-up and integration with existing checking accounts.