St. Louis taxi commission lifts ban on Square payment option

The Metropolitan St. Louis Taxicab Commission has lifted a ban prohibiting taxi drivers from accepting payments via the Square mobile transaction processor.

Previously, drivers weren't allowed to use Square - created by St. Louis natives Jack Dorsey and Jim McKelvey - because the first edition of the processor wasn't compliant with payment card industry standards, a set of requirements designed to make sure companies can process, store or transmit credit card information in a secure environment, according to the St. Louis Business Journal.

While Square's second edition is PCI compliant, no cab driver had submitted the processor for reconsideration by the commission, until Dorsey - who also co-founded Twitter - pushed for it.

Dorsey and the Metropolitan St. Louis Taxicab Commission have worked together to bring the technology to cab drivers in the city, and the commission approved the device for use at its Oct. 21 meeting.

Read more from the St. Louis Business Journal.