His new venture is Square, a mobile payment service that replaces the traditional payment apparatus of credit card reader machines, merchant bank accounts and back-office computers.

他的第二次创业是Square，这是一项手机支付服务，可以替代传统的信用卡读卡机设备、商业银行账户和办公电脑。

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Because the Square merchant and consumer apps are connected, consumers can see changes from merchants in real time.

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Rather than waiting for the numerous mobile payment systems from Google, Isis, the Merchant Exchange, Square, and others to get traction and see which thrives or is dies on the vine, launching such a mobile payment solution would enable Apple to bring mobile payments to the market today.

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More specifically, Corduro competes with companies like Square on the merchant services side, and Quicken on the high-end enterprise side, he said.

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