Report: Square to Ink Payment Processing Deal With Burberry

Square has lined up its first luxury brand partner, a new report claims. Square and the Burberry clothing chain are testing out a deal to see how the payment processing might work in its stores, The Next Web reported, citing people who claim to have knowledge of the deal. The announcement could be made soon. Burberry Chief Technology Officer John Douglas already spilled the beans, albeit unofficially. On Twitter last week, Douglas noted that Square was "live in our Burberry Brit store in San Francisco."