From @AmerBanker: 

Bank of America is launching a Square-like card-swiping device for smartphones called Mobile Pay on Demand. The service will be marketed through B of A’s Atlanta-based joint venture with First Data, Bank of America Merchant Services.

Like others looking to appeal to casual card acceptors and small businesses with digital payment aspirations, B of A’s Mobile Pay on Demand will hinge on a dongle.

The free card reader will give B of A yet another tool to market to potential customers.

Bank of America Merchant Services will also provide 24-hour support for the device. Mobile Pay on Demand readers will start accepting payments on Dec. 3, says Bank of America Merchant Services’ chief executive Tom Bell.


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