Obama campaign deploys Square for mobile fundraising

UPDATED: Square, the mobile payment acceptance tool, has gotten a big endorsement from the President of the United States. The Obama re-election campaign said today it is equipping staff, field organizers and volunteers with Square hardware to allow them to process campaign donations from their mobile phone.
The news, announced in Politico, marks the first time a national campaign has deployed Square. The rollout will take place at all levels of staff and should help cut down on the time it takes to process campaign donations.
Here’s what Square had to say about the news:

Whether you’re a Republican or a Democrat, running for president or local assembly, Square makes it easier than ever for candidates, organizations and volunteers to fundraise for their cause.
This is nice endorsement for Square, which has signed up more than 1 million merchants who are using the tool. It’s an example of how not just small merchants can utilize Square, but how large organizations, too, can arm staff and volunteers with mobile tools that can make accepting payments very simple.
It appears like Square will still get its take of transactions, which is 2.75 percent for card swipe payments. That could end up being a big boost to Square as well as the campaign season kicks into high gear.
UPDATE: The Romney campaign said it planned to announce a similar move to use Square for mobile fundraising on Tuesday. The roll-out would begin with a beta test during the Florida primary.