“A St. Louis professor has sued mobile payments company Square, arguing that he originally came up with the concept and first technology for a credit card-reading dongle, yet was denied any formal credit or equity.
In the lawsuit, which was first reported by The New York Times, Washington University professor Robert Morley said that he came up with Square's signature product, the dongle that allows almost anyone with a smartphone or tablet to take credit card payments, as well as developed the first version of the technology. Morley also said he was denied founder's credit or any equity in Square.”
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