For those wondering how Twitter co-founder Jack Dorsey is going to make his encore work, he has released numbers.
Dorsey's second company, Square, allows merchants and small businesses to process credit cards with a small attachment added to their smartphone or tablet computer.
Monday Square released data that shows the company has signed up 800,000 merchants who have processed over $2 billion in transactions in the past year since the company began handing out free credit card processing attachments.
Square also announced that it is ending a practice where the company used to hold all transactions over $1,000 in a week for a short period before releasing the cash.
Now the San Francisco-based company will release the money immediately. Square makes its money by charging 2.75 percent of every swipe on its device.
