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Square selected as payment partner for 2019 Indianapolis 500 Concession Stands

may 22, 2019

Company will power card acceptance for all fans during the largest single-day sporting event in the world

Square, a company known for checkout and payments speed, has teamed up with Indianapolis Motor Speedway as a payment partner and point of sale provider for the upcoming Indianapolis 500, offering more than 300,000 spectators a faster experience when buying concessions during the event.

The Indianapolis Motor Speedway is the largest sports venue in the world and Square is fired up to accept all major credit cards and mobile payments, like Apple Pay and Google Pay, at the venue’s approximately 500 concession stands. In previous years, most concession stands accepted cash only, leading to longer wait times during the race. Now, race fans will no longer need to dig in their pockets for cash and can instead quickly pay with their phone, watch, or card and get back to the track.

“Square is excited to be working closely with the Indianapolis Motor Speedway team to eliminate long lines and ‘cash only’ signs,” said Jesse Dorogusker, Head of Hardware at Square. “Square will help their concession sellers more than double their ability to accept credit cards, while giving valuable track time back to their spectators.”

For the first time this year, hawkers will also be taking card payments directly from the stands using Square’s mobile hardware offerings, making it easier than ever for fans to pay with a credit card no matter where they are. This is the second sporting event this year where Square has utilized its handheld hardware to transform cash-only hawkers into card-accepting sellers. To learn more about Square, visit squareup.com.

Safe Harbor Statement
Statements in this press release, including, but not limited to, statements regarding Square’s products and expected performance, checkout and payments speed, the ability to accept all major credit cards and mobile payments, the existence and length of lines, and the ability to take card payments directly from the stands, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that involve a number of uncertainties and risks.

These risks include, among others, incompatibility of technologies, power outages or other technical difficulties, attendance and the demand for products, as well as other risks described in the Company’s latest Quarterly Report on Form 10-Q, which is on file with the SEC. All forward-looking statements are based on information available to the Company as of the date of this press release and the Company assumes no obligation to update any of these statements in the event facts or circumstances subsequently change.