Mobile payments startup Square has apparently run afoul of the Illinois Department of Financial & Professional Regulation. In a cease and desist order sent to Square, the Illinois department says that Square is “engaged in the business of transmitting money …

After a long debate, the New York Times has officially settled on an online pay model and and implementation timeline. The meter system will be introduced at the beginning of next year.

Is it hip to be square again? Maybe according to Twitter co-founder Jack Dorsey. His new startup, called Square, is a mobile payments (credit card processing) system that appeals to small businesses. But is he targeting the right customers?

While Twitter continues to tease us with its advertising plans, third-party providers continue to get creative with their efforts to make money from the micro-blogging service.