Prevents creation of new Square Stand for iPad with built-in click-to-pay functionality

A new Square Reader appears to be coming soon, allowing users to tap and pay directly on the device itself. Block Inc, the payments company formerly known as Square, appears to be developing a third-generation Square Stand. The yet-to-be-released iPad stand features tap-to-pay NFC contacts and a card reader built directly into the outside edge of the stand.

Merchants who wish to use the Square app on iPad must connect an external card reader. By integrating the card reader into the iPad itself, merchants have fewer parts to keep track of. Apple recently announced its new Tap to Pay feature, which allows users to use Apple Pay and "other contactless payments" simply by using the iOS app.

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