Square's hardware lead Jesse Dorogusker talks about the launch of "Square Register," a new point-of-service product aimed at larger sellers. The device, which is integrated with Square's payment software, doesn't require a tablet or mobile device like the company's other products. Dorogusker points out that bigger retailers run into just as much trouble setting up their payment systems as the smaller companies Square usually works with. Square, run by Twitter CEO Jack Dorsey, has seen shares rise more than 160 percent this year, with its market cap now less than $2 billion below that of the social media site. The company has seen strong growth thanks to demand in the payments business. It launched "Square Cash" in 2013 as a Venmo competitor, allowing people to pay each other without using cash. The service has now passed the PayPal-owned company as the most-downloaded financial app on either Android or iOS. Square reports earnings after the bell next Wednesday. Analysts are looking for earnings of $0.05 a share, compared to a loss of $0.09 last year. Revenues are expected to fall almost 45%, though, forecast to come in at $245 million.