Tagged: square

Fintech Square Introduces Tap to Pay on iPhone in Canada

Contactless payments acceptance technology makes it easier for Canadian businesses to get started and create new ways to sell. Square has recently launched Tap to Pay on iPhone in Canada, allowing Square sellers to be among the first businesses in the country to try the… Read More

Fintech Firm Square Introduces Solution to Enable Self-Serve Ordering for Restaurants

Square unveiled Square Kiosk, which is described as a fully integrated software, hardware, and payments solution that enables self-serve ordering for quick-service restaurants. Designed with fast-moving and fast-growing restaurants in mind, Square Kiosk empowers guests “to customize and place orders through its sleek and intuitive… Read More

Fintech Block, Founded by Jack Dorsey, Said to be Target of Federal Investigation for Processing Illicit Crypto Transactions: Report

Block (NASDAQ:SQ), founded by Twitter (X) creator Jack Dorsey, is being scrutinized by federal prosecutors for allegedly facilitating illicit transactions. The report was first covered by NBC.com. Blcok operates the popular e-commerce platform Square as well as the P2P transfers platform CashApp. According to the… Read More

Global Fintech Square Now Supports Offline Payments for All Hardware Devices

Offline payments, Square’s no-connection-required solution to deliver continuous commerce connectivity, is now available to Square sellers using every hardware device, and in every country. Whether in a remote location or facing a technology disruption, now nearly every Square seller can continue “to operate business-as-usual and… Read More

Square Research Study: Business Expansion and Automation to Address Challenges for Restaurants, Retailers

Business expansion and automation are to address staffing challenges are top of mind for restaurants, retailers, according to an update from Fintech Square. Recently, Square released its Future of Commerce report, with comprehensive analysis on how business owners and consumers are “considering the evolution of… Read More

BNPL Adoption: Buy Now Pay Later Transactions via Afterpay Increased Significantly During Holiday Shopping

Globally, the peak minute of shopping occurred on Black Friday at 2:09 pm ET on November 24, 2023, according to an update shared by Square. Cities with the largest volume of sales were New York, Los Angeles, London, Chicago, and Miami. Over the Black Friday… Read More

Fintech Square to Support Fast Casual Dessert Franchise JARS by Fabio Viviani

Technology company Square announced that it will be powering quick-service restaurant JARS, a fast-growing franchise concept from celebrity chef Fabio Viviani. Square claims that it “has been serving hundreds of thousands of food and beverage businesses for more than a decade, and its suite of… Read More

Teens: Piper Sandler Survey Shows Spending Decline, Apple Pay Top Spot for Payment Apps

Piper Sandler (NYSE: PIPR) has posted its 46th semi-annual survey of Teens across the United States. The survey can help glean emerging trends that can impact future economic activity and rising brands. Of course, Teens can be fickle, but today’s Teens are tomorrow’s adults. When… Read More

Chatter: Layoffs Taking Place at Block

Block (NYSE:SQ), the parent company of Square, may be slashing its employee headcount, according to Job Community Blind. In recent days, a posting was made inquiring about layoffs as a Block recruiter was apparently let go – leaving an aspiring hire in the lurch. Other… Read More

Fintech Square Introduces Software That Turns Android Devices Into Payment Tech in Canada

Square, part of Block (NASDAQ:SQ), launched Tap to Pay on Android for sellers across Canada. The new technology enables businesses “to securely accept credit card contactless payments with a compatible Android device, at no additional cost.” With Tap to Pay on Android, Square claims it… Read More

Square CEO to Be Replaced by Jack Dorsey

Block (NASDAQ:SQ) founder Jack Dorsey will step in as CEO of Square following the announcement that Alyssa Henry will exit the subsidiary of Block. The change in leadership was revealed in an 8-K filed with the Securities and Exchange Commission. The company stated: “Alyssa Henry,… Read More

Square Unveils Square Credit Card, Cash Flow Management Products in Beta

Square announced the beta launch of new banking and spend management solutions for its U.S. sellers, including new credit tools and features that help businesses simplify their cash flow management and consolidate their finances. The Square Credit Card, running on the American Express network, “gives… Read More

Teen Survey: Apple Pay Takes Top Spot, for Peer to Peer Transfers Squares Cash App Ranked 1st

Investment bank Piper Sandler (NYSE: PIPR) has posted its 45th semi-annual report on Teen preferences, which can help glean which products and services are rising and which are on the wane. At the same time, teens can be fickle, as parents will explain. The Taking… Read More

Short Seller Hindenburg Hammers Block, Says Fintech has Embraced One Underbanked Segment – “Criminals”

Shares of Block (NYSE:SQ), formerly Square, are plunging in pre-market trading following the release of a report by Hindenburg Research, a noted short seller. Hindenburg is not kind in its assessment of the Fintech, stating their 2-year investigation has concluded that Block has taken advantage… Read More

American Express, Square to Create Credit Card for Square Sellers

American Express (NYSE: AXP) and Square (Block) (NYSE:SQ) announced “an expansion of their relationship and plans to launch a new credit card built specifically for Square sellers on the American Express network.” The new card will be “the first credit card Square offers to its… Read More

A Tale of Two Fintechs: PayPal Drops as Block Pops

PayPal (NASDAQ:PYPL) shares sank today after Q3 earnings failed to convince investors that all is good with the payments provider. PayPal apparently reported OK Q3 numbers, but the guidance worried shareholders. On the other hand, Block, formerly known as Square (NYSE:SQ), moved higher in after-hours… Read More

Visa, Square Deliver Faster Transfers to Canadian Businesses

Visa (NYSE: V), one of the world’s leaders in digital payments, has announced its participation in the Canadian expansion of instant transfers, Square‘s solution for rapid merchant settlement. Square’s instant transfers are “enabled by Visa Direct, a VisaNet processing capability helping transform global money movement… Read More

Adyen Selected as Fintech Platform to Introduce Cash App Pay Outside Square Ecosystem

Adyen (AMS: ADYEN), the global financial technology platform of “choice” for large businesses, has teamed up with Cash App (Block, Inc.) to offer Cash App Pay, “a mobile payment method, to Adyen’s U.S. customers.” Businesses working with Adyen will “have access to Cash App Pay… Read More

Square Extends Partnership with Amaka to Introduce Sage Accounting Integration

Amaka and Square have extended their partnership “to launch the Square point of sale integration with Sage Accounting.” This follows the successful rollout of “a range of Square accounting automation solutions available globally.” Pedram Afshar, CEO at Amaka, said: “We’re proud to be working with… Read More

Fitch Positive on Block, Affirms BB Rating

Fitch Ratings has issued a statement affirming the Long-Term Issuer Default Rating (IDR) of Block, Inc., formerly Square (NYSE:SQ), at ‘BB’. Fitch said its outlook of Block remains “Positive” adding that its debt could decline in the coming years as EBITDA scales. Fitch affirmed the… Read More

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