Square Gets a Big Infusion; Hard Times for Swiss Banks

Receiving Wide Coverage ...

Mobile Payments: Jack Dorsey's Square closed on a $200 million financing round that the papers say values the mobile-payments company at about $3.25 billion. The Journal's "Heard on the Street" column uses the occasion to offer a succinct overview of the disruptive implications of mobile payments technologies. Not only are the makers of cash registers and swipe terminals threatened (Nordstrom, for example, plans to go "completely mobile" in its department stores), so...