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.
Alphabet 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 moreBlock Gains Flexibility With Latest Amendment to Revolving Credit Agreement
April 1, 2024Block has entered into the eighth amendment to its revolving credit agreement with its lenders and the administrative agent, Goldman Sachs Bank USA. This amends a revolving credit facility that dates back to ...Read moreSystematic National Evidence of Steering by Real Estate Agents
March 27, 2024Policymakers have long worried that real estate agents steer their buyer clients away from properties that pay buyer agents low commissions. They consider commission-based steering a key reason why U.S. ...Read more
Virtual 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 moreWith Installments Push, Amazon Opens Up New Avenues to Cement Merchant Loyalty
August 16, 2023For Amazon, in its ever-continuing bid to draw merchant loyalty and widen the use of Amazon Pay, installment payments are now the latest arrow in the quiver. And by making installments ...Read more
Meta’s $35 Billion Bet on AI Fuels the Tech Arms Race
April 26, 2024Meta announced a $35 billion investment in artificial intelligence (AI) for this year, signaling an aggressive push in the escalating tech arms race. This colossal investment raises pivotal questions about the ...Read moreThis Week in AI: Beyond LLMs, AI Forklifts, Weather Forecasting
April 26, 2024This week in artificial intelligence (AI) news, as large language models (LLMs) near technical limits, the focus shifts to retrieval-augmented generation (RAG), which combines information retrieval with natural language generation, ...Read moreMaking Sense of: How America’s CHIPS Act Fuels Domestic Innovation
April 26, 2024American companies are outpacing European ones on innovation and technology. That’s what the head of Norway’s $1.6 trillion oil fund told the Financial Times Wednesday (April 24), and his comments came ...Read moreCustomer Data, Technology Unlock Profitability Amid Uncertainty
April 26, 2024Companies can leverage customer data and use technology to prosper in uncertain times, i2c Global Head of Operations John Bresnahan writes in the new PYMNTS eBook, “The Implications of Uncertainty.” The ...Read moreRobo-Forklifts Rev Up Walmart’s Warehouses
April 25, 2024In Walmart’s sprawling distribution centers, a quiet change is underway. The retail behemoth is preparing to deploy a fleet of 19 autonomous electric forklifts across four of its facilities, marking a significant step forward in integrating ...Read moreThis Week in B2B: Enterprise Metaverses, AI Accountants, Virtual Cards
April 25, 2024Innovation is a key factor in any company’s ability to succeed in the long run. And so are the ways in which they pay and get paid. That’s why, within the ...Read moreMeta’s AI Spending Plans Leave Investors Unnerved
April 25, 2024Wall Street investors are reportedly uneasy about Meta’s multi-billion-dollar artificial intelligence (AI) plans. The company’s stock fell 15% in early trading Thursday (April 25), Bloomberg News reported, despite CEO Mark Zuckerberg’s efforts to reassure ...Read moreAdvanced Tech Expands TV eCommerce Horizons
April 24, 2024Gone are the days when watching TV was simply a passive pastime, a one-way street where viewers absorbed content without any direct interaction. In today’s digital age, the television screen ...Read moreMusk’s Master Robotaxi Plan: Giving Tesla the Uber, Airbnb Treatment
April 24, 2024The global electric vehicle (EV) marketplace is seeing demand suffer under ongoing macro pressures. That’s why, according to Tesla CEO Elon Musk, it’s a good thing that Tesla is not an ...Read moreSmart Devices Lock Doors to Secure Connected Homes
April 24, 2024As the boundaries between physical and digital spaces blur, the traditional home security landscape is undergoing a digital shift, with smart devices assuming an increasingly pivotal role in safeguarding modern, ...Read more
Stripe 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 moreKyriba and JPMorgan’s Onyx Collaborate on Blockchain-Based X-Border Payments
April 8, 2024Kyriba and J.P. Morgan’s blockchain business unit, Onyx, are collaborating to streamline cross-border payments. Kyriba, a provider of liquidity performance solutions, will use Onyx’s digital currency and blockchain technology for cross-border payments, the companies ...Read more