pymnts Profile:
Square, Inc. (NYSE: SQ)
Square, Inc. is a financial services, merchant services aggregator, and mobile payment company based in San Francisco, California. The company markets several software and hardware payments products, including Square Contactless and Chip Reader, Square Stand, Square Register and Square Magstripe Reader, and has expanded into small business services such as Square Capital, a financing program, Cash App, a person-to-person payments service, Appointments, Gift Cards/eGift Cards, Invoices, Virtual Terminal, Marketing, Loyalty, Employee Management, and Square Payroll.
Report: Block Faces DOJ Probe Over Alleged Compliance Lapses
May 1, 2024Block, owner of Cash App and Square, is reportedly facing a Department of Justice investigation. Federal prosecutors are in discussions with an ex-employee about allegations of widespread compliance failures at Cash App and Square going back years, NBC News reported ...Read morePayment Innovations Help Small Businesses Navigate the Main Street Maze
May 1, 2024Payments are the lifeblood of any business, but for small businesses, they are particularly crucial. And with the news that, in the last 12 months, Main Street businesses have operated with ...Read moreAlphabet Q1 Earnings Focus on AI Monetization
April 25, 2024Come for the comments about AI. Stay for the earnings call. That will most likely be the pattern of big tech earnings over the next two weeks as companies prioritize ...Read moreSquare and Cash App Collaborate on Bitcoin Conversions for Sellers
April 24, 2024Block ecosystems Square and Cash App have begun rolling out a feature that will allow eligible Square sellers to automatically convert a portion of their daily sales to bitcoin with Cash App. The rollout of this ...Read moreSquare Expands Offline Payments to Entire Hardware Lineup
April 23, 2024Square has expanded the availability of offline payments to every hardware device, in every country. The company has offered this no-connection-required solution for 10 years on some of its devices, expanding it to a ...Read moreTighter Antitrust Enforcement Could Spell Trouble for Warren Buffett’s Berkshire Hathaway
April 15, 2024The Biden administration’s recent antitrust lawsuits against leading companies such as Visa, Mastercard, Amazon, and Apple could potentially affect their shareholders, including Warren Buffett’s Berkshire Hathaway, according to an expert’s ...Read moreWill Virtual Card Numbers Spark a Rush to Spend Apple Cash?
April 10, 2024For Apple — and as been seen already with Block (formerly Square) — the drive is to get consumers to spend the cash, rather than just bank it. Apple, of course, ...Read moreMcConnell Advocates for TikTok’s US Divestiture
April 9, 2024US Senate Republican Leader Mitch McConnell has made a significant call for legislation that would require the parent company of TikTok, ByteDance, a China-based firm, to divest the popular short ...Read moreStord Acquires ProPack to Expand Fulfillment Network for Omnichannel Brands
April 5, 2024Stord has acquired ProPack Logistics to expand its fulfillment network throughout the United States and Canada. ProPack, which provides fulfillment services for the nutrition and supplement product industry, has six temperature-controlled warehouses across North ...Read moreUber Eats and Waymo Roll Out Autonomous Delivery in Phoenix
April 3, 2024Uber is expanding its Phoenix-based partnership with autonomous vehicle company Waymo. The company announced Wednesday (April 3) that it is now offering Uber Eats deliveries in the Arizona capital via Waymo vehicles. “Starting today in Phoenix, ...Read more
Payment Innovations Help Small Businesses Navigate the Main Street Maze
May 1, 2024Payments are the lifeblood of any business, but for small businesses, they are particularly crucial. And with the news that, in the last 12 months, Main Street businesses have operated with ...Read moreVirtual Real Estate Tours Gain Traction Amid Continued Surge in All-Cash Sales
March 22, 2024Despite the proliferation of digital innovations transforming various sectors, the real estate market has remained largely reliant on traditional payment methods, with cash transactions dominating the landscape. Recent data from ATTOM, ...Read moreX to Add Peer-to-Peer Payments in 2024, Aims to Be ‘Everything App’
January 9, 2024X, the social media platform formerly known as Twitter, plans to launch peer-to-peer payments this year. Doing so will add more user utility to the app, create new opportunities for commerce ...Read more‘Adjustable’ Is the New ‘Agreeable’: BNPL Flexibility for Subscription Success
January 8, 2024In 2023, buy now, pay later (BNPL) crossed a threshold, evolving from a niche novelty to a preferred payment method for a growing cross-section of consumers — especially millennials. Subscription ...Read moreFrom Checkout to Growth: BNPL’s Sprint Picks Up Pace
December 28, 2023The story of buy now, pay later (BNPL) in 2023 has been defined by its dynamic resilience and agile innovation — a disposition called into question as recently as last ...Read morePayFacs Boost Revenue by Improving Customer Experience
November 8, 2023Payment facilitators (PayFacs) are entities that enable their customers to accept electronic transactions using the payment facilitator’s platform, which has control of the end-to-end transactions. Examples of PayFacs include Square, Stripe and PayPal. A recent ...Read more1 in 6 Main Street SMB Retailers Are Considering Switching Payment Processors
October 17, 2023The competition in the payment processor market is fierce because of the success of incumbent leaders, as the majority of Main Street small to midsized business (SMB) retailers are satisfied ...Read moreSquarespace Adds Payments to Serve the Needs of ‘Long Tail’ eCommerce Sellers
October 4, 2023Dan Chandre, Squarespace vice president, head of Acuity and payments, told Karen Webster that a key to connecting merchants with his firm’s platform lies with payments. And to that end, Squarespace’s ...Read moreThe Great Connected Consumer Paradox
October 3, 2023It has been reported that by 2010, cable television in the U.S. had sort of hit its stride. Analysts report that 90% of homes with a television had a monthly ...Read moreTap to Pay Popular as Checkout Moves With Consumers Wherever They Go
August 23, 2023Tap to pay has tapped into consumers’ desire for speed at the register and to have some control over checkout — in effect taking the checkout with them no matter ...Read more
Anthropic Launches Claude Chatbot App, Expands Enterprise Offering
May 1, 2024Artificial intelligence (AI) company Anthropic is launching its first smartphone app and a new enterprise subscription plan to expand the reach of its Claude chatbot. The San Francisco-based company, which focuses ...Read moreConsumers Demand Anti-Fraud Tools From eCommerce Merchants
May 1, 2024As scammers and fraudsters become more sophisticated, shoppers are demanding more effective prevention tools from their eCommerce merchants. By the Numbers The PYMNTS Intelligence study “Fraud Management, False Declines and Improved Profitability,” ...Read moreAnthropic Launches iOS App Featuring AI Chatbot Claude
May 1, 2024Anthropic launched an iOS app featuring its artificial intelligence chatbot, Claude. The app makes the chatbot accessible “from anywhere, any time,” the company said in a Wednesday (May 1) press release. The Claude iOS app syncs with web chats ...Read moreGoogle Confirms It Will Join Global Experts at AI Safety Summit
May 1, 2024As luminaries from academia, government and business prepare to gather in South Korea May 21-22 for the second AI Safety Summit, Google’s attendance is drawing attention. The advanced AI research group Google ...Read moreInformation Sector Loses 4,000 Jobs While Overall Employment Grows
May 1, 2024Nine out of 10 industry sectors monitored by ADP posted job gains in April. The sole exception was the information sector, which lost 4,000 jobs during the month, the human resources ...Read morePayments FinTech SumUp Gets $1.6 Billion Private Credit Loan
May 1, 2024British payments FinTech SumUp is reportedly looking to expand following a $1.6 billion loan. The private credit package will allow SumUp “to refinance existing debt, as well as have firepower to take advantage of ...Read moreInsurance Sector Moves Digital-First to Support Shifts in Buyer Behavior
May 1, 2024The insurance industry, often perceived as lagging in innovation and adapting to consumer needs, is undergoing a notable transformation. Traditionally reliant on agents for product sales, the industry is seeing a ...Read moreEra of AI Uncertainty Calls for Reliable Anchors of Data
May 1, 2024Because business leaders rely on data to make critical decisions, they must be sure the data can be trusted, AI-ID CEO Shaunt Sarkissian writes in the new PYMNTS eBook, “The ...Read moreSamsung Overtakes Apple in Smartphone Sales, Driven by On-Device AI
April 30, 2024Samsung overtook Apple to become the world’s highest-volume seller of smartphones in the first quarter. To become the new holder of the No. 1 spot, Samsung shipped 60 million units during the quarter, independent ...Read moreUS Issues Stark Warning on AI Risks to Critical Infrastructure
April 30, 2024In a bid to safeguard the nation’s vital infrastructure, the federal government is now offering a playbook to help companies navigate the treacherous landscape of cybersecurity, including the brewing dangers lurking ...Read more
What CFOs Should Know About the Growing Use of Stablecoins
April 30, 2024Stablecoins, as their name implies, offer the benefits of cryptocurrency without the volatility. And with Visa having launched on April 25 the Visa Onchain Analytics Dashboard to showcase how fiat-backed stablecoins move ...Read moreStripe to Launch Support for Global Stablecoin Payments This Summer
April 25, 2024Stripe is bringing back crypto payments after stopping them in 2018. John Collison, co-founder of Stripe, said in a Thursday (April 25) post on X (formerly Twitter): “Crypto is back.” Crypto is back. @Stripe ...Read moreMaking Sense of Why FIs Are Tokenizing Real-World Assets
April 19, 2024The tokenization of real-world assets (RWA) is emerging as more than just a token exercise. It’s another function of the blockchain landscape that has captured the imagination of various players across ...Read moreTether and Telegram Join Forces to Enable Crypto Payments
April 19, 2024Stablecoin issuer Tether has partnered with the TON Foundation to enable customers to send cryptocurrency payments using encrypted messaging service Telegram. This collaboration aims to create an app that serves as ...Read moreThis Week in Web3: Bitcoin Halving, Stablecoins, Bankman-Fried
April 17, 2024The bitcoin halving is imminent, and crypto is on everyone’s mind this week. That’s because the technical event, which happens every four years and serves to create more scarcity of the ...Read moreThis Week in Web3: Usability, Utility and Oversight
April 10, 2024The next iteration of the internet, Web3, has been around for a while now. Meta’s Reality Labs division — the arm of the tech giant that focuses on metaverse, mixed reality ...Read moreBlockchain.com and MetaMask Partner to Streamline Adoption of Crypto Payments
April 9, 2024Blockchain.com and MetaMask partnered to enable seamless and secure cryptocurrency payments. The new partnership includes an integration of Blockchain.com’s crypto payment solution, Blockchain.com Pay, with MetaMask’s self-custodial platform, the companies said in a Tuesday (April ...Read moreKeytom Launches Digital Asset-Focused Neobank
April 9, 2024Keytom, a neobank centered around digital assets, has announced its launch. The Dubai-based company said its goal is to introduce “a new era of financial management by organizing all digital assets ...Read moreBinance Is Building ‘Robust Compliance Program,’ CEO Says
April 9, 2024Binance’s new CEO said the cryptocurrency exchange is a more mature company now. Speaking with CNBC Tuesday (April 9), Richard Teng acknowledged concerns raised by the U.S. Department of Justice — which fined Binance $4.3 billion last ...Read moreSwiss National Bank Chairman Says Retail CBDC Too Risky
April 8, 2024Swiss National Bank (SNB) Chairman Thomas Jordan said Monday (April 8) that the risks of a central bank digital currency (CBDC) issued to the general public would outweigh any potential benefits. Speaking at an ...Read more