Square Fined $500K In Florida

By  |  August 15, 2013
 | 

The Florida Office of Financial Regulation announced on August 15 that it fined mobile point-of-sale (mPOS) giant Square $507,000 in July for previously operating in the state without a money transmitter license, Finextra reported.

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    Square applied for the license in 2010, but was penalized for operating in the state before it formally filed to do so.

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    The San Francisco-based startup consented to the fine and paid via wire transfer. For more on this story, click here. 


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