Tagged: square

Square Launches New Feature “Orders API” to Enable Developers to Build Solutions for Online Orders

Payment process platform Square announced last week the launch of its new feature, Orders API, According to Square, Orders API enables developers to build solutions that let buyers place orders online, in-person and in-app. “Orders API enables developers to deliver an enhanced experience to merchants as… Read More

Square Announces New Partnership With the Ogden Raptors Offer New Payment Experience at the Ballpark

Payment process platform Square announced last week it has formed a new partnership with the Ogden Raptors, which is a professional minor league baseball team and affiliate of the Los Angeles Dodgers, to provide what it claims to be a faster and more convenient payment… Read More

Jack Dorsey, Twitter and Square CEO, Talks Up Company’s Nascent Crypto Development Team

Jack Dorsey, self-taught programmer and co-founder of Twitter and Square gave two interviews this week in which he talked up Square’s recent efforts to coalesce an in-house team of developers that will contribute to coding Bitcoin and possibly other cryptocurrencies. Square began by providing credit… Read More

Bitcoin Revenues at Square Have Doubled Since Q1 2018

Revenues from the sale of Bitcoins through Square’s “Cash App” almost doubled over the past year ($65.5 million), with Bitcoin sales accounting for almost 10% of the company’s Q1 2018 revenues ($656 million). The figures are provided in Square’s quarterly report available here. Square is… Read More

Square Launches New Mobile App That Allows Sellers to Create, Manage, & Send Invoices From Anywhere

Payment process platform Square announced on Tuesday the launch of its new mobile app, Square Invoices, to allow sellers to create, manage, and sending invoices from anywhere. Square reported that as part of Square’s wider ecosystem of mobile tools, the Invoices app enables sellers to… Read More

While Community Bankers Bash Square’s Attempt to Become a Bank, Hope Rises for Fintechs and the ILC Application Process

There has been growing chatter that Square (NYSE: SQ) may soon receive approval regarding their application to become an Industrial Loan Company (ILC) which is similar to a bank. The change of leadership at the FDIC has set a more positive tone for Fintechs and their… Read More

Square Introduces Debit Card for Businesses

Payment process platform Square announced on Thursday the launch of its new debit cards for businesses. Square reported that the Square Card is a free business debit card designed to help business owners more effectively manage cash flow by providing immediate access to their balance, which is… Read More

Square Debuts Payments SDK; Now Enabling Developers to Process Payments Though Mobile Apps

Payment process platform Square announced on Wednesday the launch of the Square In-App Payments Software Development Kit (SDK), which will now enable developers and sellers to process payments with Square within their consumer-facing mobile apps for the first time. Square revealed: “With just a few lines of… Read More

Millennials Using Phone Payment Apps Make Worse Money Decisions

Mobile payments is one of the hottest sectors in Fintech. Venmo and Square/CashApp have battled for years over the hearts and minds of millennials, with CashApp recently declaring victory– thanks in part, some say, to its pioneering incorporation of Bitcoin trading into the app. In May,… Read More

Bitcoin-Friendly Payment Company Square Named Yahoo Finance Company of the Year

Square, providers of distinctive white-plastic and user-friendly mobile payments hardware as well as North America’s most popular (Bitcoin-friendly) peer-to-peer payment app, Cash App, have crowned a banner year by being declared Yahoo Finance’s 2018 Company of the Year, Yahoo reports. First, there was the stock’s… Read More

Square Reapplys For Banking License

Payment process platform Square has reportedly reapplied for its banking license. This news comes less than six months after the company withdrew its application.  According to Finextra, the company previously submitted its banking license application with the Federal Deposit Insurance Corporation (FDIC) to become a… Read More

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

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