You’ve probably read about the Square iPhone Payment System a while back, but some interesting information regarding it has appeared. The goal of the system was to turn the iPhone into an instant mobile credit card payment facility, which would certainly be useful, considering the popularity of the iPhone. The latest update seems to indicate that Jack Dorsey is the person behind this system, and in case you didn’t know, you have Jack Dorsey to thank for the creation of Twitter. Will we be paying our bills via the iPhone in the future?