Tagged: square

Square Introduces New Feature to Provide Flexible Payment Options For Customers

On Thursday, Square announced the launch of Square Installments, which is described as a new tool to help customers bring in more customers and grow sales. Square reported that with Square Installments, customers have the freedom to pay for a large purchase by splitting it into… Read More

Square Update: Reader Now Can Process Chip Cards in Just Two Seconds Without Signature Required

Payment process platform Square announced this week it has updated its Square Reader for contactless and chip and Square Register will now process chip cards in just two seconds (previously 3.6 seconds) without the requirement of a signature. While sharing more details about the update, Jesse Dorogusker, Head of Hardware… Read More

Square Launches Square Reader SDK Developer Toolkit For Sellers & Buyers

Square announced this week the launch of its Square Reader SDK, which is described as a complete toolkit that enables developers to reimagine the checkout experience for both sellers and buyers. The fintech firm reported that Square Reader SDK is a set of developer tools… Read More

eBay & Square Partner on Business Loans, Apple Pay Coming to eBay this Fall

eBay (Nasdaq:EBAY)  and Square Capital (NYSE:SQ) have signed an agreement to provide up to $100,000 in credit to sellers – in as little as one day. The partnership is not only a streamlined offering of financing for small businesses that use eBay but also a… Read More

Payment Processing Platform Square Announces Withdrawal of Banking License Application

Payment process platform Square announced on Thursday it has withdrawn its regulatory banking licensing application. According to Reuters, the company applied with the Federal Deposit Insurance Corp (FDIC) for a special “industrial loan company (ILC)” last year. If granted, the license would have allowed non-traditional financial firms… Read More

B2B Commerce Platform HandShake Teams Up With Square to Provide B2B Ordering & Payments

On Tuesday, B2B commerce platform Handshake announced it has formed a partnership with Square to deliver streamlined B2B ordering and payments. Handshake reported that the integration provides a seamless workflow between Handshake and Square, and is now available on the Square App Marketplace. While sharing more… Read More

Square’s Cash App Scores BitLicense in New York

On Monday, payments platform Square announced it has secured a virtual currency license from the New York State Department of Financial Services office. The company reported it is fully launched with the ability to buy and sell bitcoin through its mobile Cash app earlier this year… Read More

Twitter and Square CEO Jack Dorsey Says He Hopes Bitcoin Becomes the Internet’s Native Currency

The CEO of Square and Twitter, Jack Dorsey, has seemed to intimidate the importance of an imminently functioning fast settlement layer for Bitcoin if it is to become the Internet’s native currency. Dorsey was interviewed at the Consensus Conference May 16th in New York by… Read More

Square Enters Into Definitive Agreement to Acquire Weebly

Last week, Jack Dorsey’s Square announced it has entered into a definitive agreement to acquire Weebly. The company reported it will pay a mix of cash and stock of approximately $365 million, which will include Square restricted stock units for Weebly’s founders and employees that… Read More

Square’s Cash App Rolls Out Support For ACH Direct Deposits

Last week, Square’s Cash mobile app announced it was officially rolling out support for ACH direct deposits. This news comes just a few months after Square reportedly began to test out bitcoin on some of its Cash users. As previously reported, The Square Cash App claims to… Read More

Everybody is Doing It: Square is Adding Bitcoin to its Cash App

Jack Dorsey, founder of Square and Twitter, revealed in a tweet that Square’s Cash App is rolling out Bitcoin for its users;   Turning on Bitcoin for a lot more cash app folks right now https://t.co/LrozU7fXps — jack (@jack) December 6, 2017 Blockchaiiiiinnnnn. We’re rolling… Read More

Square Now Letting Some Users Buy & Sell Bitcoin Through Cash Mobile App

Financial service company Square is reportedly now testing out bitcoin on some of its Cash mobile app users. The new feature will allow users to buy and sell the cryptocurrency through the app.  The Square Cash App claims to be the simplest way to pay… Read More

Square Filed a Crowdfunding Patent that was Granted in September 2017

Square, the massive payments platform that is slowly moving into online lending, filed a for a patent back in March of 2015 that was granted just a few weeks back (September 2017). The Patent is described as follows: “A system and method for calculating crowdfunding… Read More

Square Reports Q3 Earnings as Business Lending Jumps 45% Year over Year

Square (NYSE:SQ), a growing Fintech and payments platform, reported earnings after the bell today. Square saw “ongoing strength” in transaction, subscription and services-based revenue. Top-line revenue grew from the Q2 of 2017 increasing 33% year over year, up from 26%.  Gross Payment Volume (GPV) jumped… Read More

If You Can’t Compete, Lobby Against Them: ICBA Tells FDIC to Deny Square Bank License, Asks Congress to Stop ILCs Altogether

There are two ways that big business competes in the USA. You can provide a better product or service for your customers or you can work with elected and appointed officials to block innovative firms. Of course, the consumer loses out in all this, but… Read More

Credit Everywhere: Square Reports $318 Million in Loans for Q2, an Increase of 68% Year Over Year

Square (NYSE:SQ) reported Q2 earnings yesterday. The company topped expectations by posting a loss of ($0.04) a share versus an expected loss of ($0.05) a share. While the company entered its existence as a streamlined payments processor for everyone, Square has quickly morphed into a… Read More

BBC: Fintech Provides Better Choices & Services, Enter Monzo, Square (Video)

In this brief video entitled “FinTech How technology is changing the world of finance,” BBC Newsnight spotlights some problems facing SMEs when it comes to collecting payments. Fees overwhelm. Payments delayed. Fintech maverick, Crowdcube campaigner and Monzo CEO Tom Blomfield addresses how lack of competition allows brick… Read More

BlueVine Hires Square’s Former Head of Sales as Chief Revenue Officer

BlueVine, an online lender providing factoring finance, has hired Eric Sager as Chief Revenue Officer. Sager was formerly head of sales for Square. Simultaneously, BlueVine has increased their max credit line to $500,000 for invoice factoring and $50,000 for “flex credit.” Sager will be tasked… Read More

Square Lends $153 Million in Q1 During Challenging Credit Market Conditions

Square, the point of sale payment system that many small business now use, reported Q1 earnings results this past week. Square co-founder and CEO Jack Dorsey delivered disappointing numbers as the first quarter loss jumped to $98 million up from the year prior number of… Read More

Square Offers Loans in Natural Progression of Online Direct Lending

A growing number of platforms are offering credit to their consumers as it appears just about everyone is getting into the online lending business these days. Square (NYSE:SQ), in launching loans from Square Capital provided by Celtic Bank in Utah, has provided another incremental service… Read More

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