Visa Invests in Square, VeriFone Cries in the Corner

Square is one of my favorite new companies in the past couple years. I've posted ad nauseum about them and truly love their product.

A while back, major card reader vendor VeriFone cried foul and launched a smear campaign against Square. Now VeriFone is just crying.

Turns out Visa has invested in Square. Nothing legitimizes the underdog like that.