This post is part of our ReadWriteCloud channel, which is dedicated to covering virtualization and cloud computing. The channel is sponsored by Intel and VMware. Read the white paper about how Intel Xeon processors help organizations get unprecedented levels of performance. The war that the record labels is waging to protect its copyrighted music...

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That was fast. Just like that Square passed $3 million in transactions processed, on a Saturday no less, according to a Tweet an hour ago by CEO Jack Dorsey. The mobile payments startup is seeing an acceleration in transaction volume. It took about 10 months from its public launch for Square to reach $1...

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