UPDATE 2-Starbucks embraces mobile payments with start-up Square

Posted on August 08, 2012 at 19:17 PM EDT

SAN FRANCISCO, Aug 8 (Reuters) - Starbucks Corp's deal to use Square Inc to process payments at its U.S. coffee shops is a big win for a 2-year-old startup that is beginning to threaten established payment processors and shake up retailing.

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Bank of America Corp. FACEBOOK-A GROUPON-A Intuit, Inc. JPMorgan Chase & Co. MasterCard Cl A Starbucks Corp VeriFone Systems Visa eBay, Inc.

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