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Starbucks replaces Square
Two weeks after publicly stating it had lost $56 million processing payments for Starbucks, Square no longer has to worry about future losses.
Starbucks has selected Chase Commerce Solutions, the global payment processing and merchant acquiring division of JPMorgan Chase & Co., to transition processing of all non-mobile payments and U.S. retail card payment transactions in company-operated stores. Chase will also partner with Starbucks on the rollout of chip-enabled payment terminals.

