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.
Block Will Pay $764 Million to Resolve AML Investigation
November 5, 2026
Block is reportedly paying $764 million to resolve a Justice Department investigation of its anti-money laundering controls. That’s according to a CoinDesk report on Thursday (Nov. 5), which noted that the ...Read moreBlock Puts AI to Work Taking Orders and Preparing Purchases
November 3, 2026
Block is putting artificial intelligence on both sides of a sale, with voice ordering for Square customers and software that prepares purchase orders for sellers, as Cash App draws more ...Read moreGoogle Tops AI Smarts Ranking as OpenAI Slashes Prices
October 29, 2026
Google may have finally caught up with its archrivals. Its new Gemini 4 Carbon model ranks first on the Artificial Analysis Intelligence Index, an independent scorecard that had OpenAI and ...Read moreFoundry Raises $100 Million to Boost Manufacturing Footprint
October 28, 2026
Autonomous factory company Foundry Robotics is planning an expansion of its manufacturing footprint after raising $100 million. The company said its Series A round, announced Wednesday (Oct. 28), will allow it ...Read moreBlock’s Dessa Fixes the Conversation, Not the Checkout
October 27, 2026
Voice commerce has faced the same obstacles for a decade, including turning spoken requests into accurate orders, verifying customer identity and completing payments without delays. In 2016, PYMNTS CEO Karen Webster ...Read moreGen X Keeps the Wallet: How to Reach the AI-Assisted Shopper
October 26, 2026
Gen X is making room for AI in everyday life, but handing it the shopping cart is a tougher sell. Nearly six in 10 Gen X consumers use AI for ...Read moreWhy Leaving the Door Open Can Be (Much) Worse Than Closing It: Share-Based Requirements, Buyer-Specific Costs, and Foreclosure
October 25, 2026
Share-based requirements—agreements or rebate programs that condition favorable terms on a buyer purchasing a specified share, but less than all, of its requirements from a dominant seller—occupy an uneasy middle ...Read moreStord Acquires AMS Fulfillment to Expand AI-Driven Logistics Network
October 22, 2026
Stord has acquired third-party logistics provider AMS Fulfillment, adding more than 1 million square feet of warehouse space and expanding its capacity to handle orders for consumer brands as it ...Read moreCoast Secures $35 Million to Expand Financial Platform for Physical Economy
October 22, 2026
Financial technology firm Coast announced in a Thursday (Oct. 22) press release that it has raised $35 million in a new growth equity funding round to expand its payment and ...Read moreThe Agentic Edge: Who Has It and How to Get It
October 21, 2026
Remember travel agents? Not the AI kind. The real people kind. For anyone under the age of 30, here’s how it worked. You walked into a little storefront with a poster ...Read more
Block Puts AI to Work Taking Orders and Preparing Purchases
November 3, 2026Block is putting artificial intelligence on both sides of a sale, with voice ordering for Square customers and software that prepares purchase orders for sellers, as Cash App draws more ...Read moreBlock’s AI Overhaul Starts Showing Up in Results
August 5, 2026
Block drew plenty of attention earlier this year when CEO Jack Dorsey announced plans to cut roughly 40% of the company’s workforce and put artificial intelligence at the center of ...Read moreGoogle Aims at Merchants With Open-Source Universal Agentic Protocol
January 12, 2026
Google’s Universal Commerce Protocol marks a shift in how the company wants transactions to happen online. Instead of sending users from search results to merchant websites, Google is beginning to ...Read moreBlock’s Third Quarter Puts Spotlight on FinTech Realities, Not Crypto Dreams
November 6, 2025
As the lines between financial services, consumer banking and commerce blur, sitting at the intersection of technology and money movement starts to look attractive. At the enterprise level, at least. ...Read moreStablecoin Orchestration Becomes New Blockchain Battleground
November 3, 2025
As payment innovations scale, settlement and infrastructure have traditionally reared their heads as the strategic chokepoints. In the early days of the digital payments revolution, for example, industry titans like Mastercard, ...Read moreTrulioo Says the Next Evolution of KYC Is KYA
October 29, 2025
Watch more: What’s Next in Payments: Trulioo, Zac Cohen Commerce is changing fast, and verification has never mattered more for payments companies. As October unfolds, surprises abound and may touch on everything ...Read moreMastercard Wants to Make Commercial Payments Plug-and-Play
October 16, 2025
The golden rule of business is that operational inefficiency can cost enterprises both their time and their money. It’s the golden rule of business payments, too. But unlike the consumer payments space ...Read moreBlock Targets Traditional Card Users With Expanded Rewards Program
October 10, 2025
Some of the new features offered by Block’s Square and Cash App brands take direct aim at the fees charged by card networks, Bloomberg reported Friday (Oct. 10). The company is ...Read moreBlock Pushes Past Payments Into Bitcoin, Banking and BNPL
August 7, 2025
Block, owner of Square and Cash App, is betting that the future of money won’t look a lot like its past. Per its executive remarks during Thursday’s (Aug. 7) second-quarter 2025 earnings ...Read moreBakkt Inks Deal With DTR to Become Crypto, Stablecoin Infrastructure Provider
May 12, 2025
In today’s operating environment, adaptability is more than a competitive edge. It can mean the difference between survival and insolvency. Bakkt Holdings, Inc., a once-diversified digital asset platform, is living that ...Read more
Canva Cuts Jobs as AI Challenges Design Platform’s Growth
November 4, 2026
Online design and publishing platform Canva is cutting jobs and relocating workers as it faces challenges from artificial intelligence (AI). The Australian company announced Tuesday (Nov. 3) that 22% of its staff — around 1,271 ...Read moreYum Brands Focuses on Technology Adoption and Customer Retention
November 3, 2026
Fast-food giant Yum Brands is focusing on technology adoption and customer retention as its diners are squeezed by fuel prices. The owner of KFC and Taco Bell reported third-quarter earnings results ...Read moreGlobal Payments Buyout Talks Signal Pressure on Legacy Processors
November 2, 2026
Global Payments’ reported take-private talks suggest that changes in ownership and strategy could have ripple effects across payment processing as established providers confront competition over technology, service and merchant relationships. CD&R ...Read moreSamsung Warns AI Memory Shortage Will Worsen Through 2027
October 30, 2026
Samsung expects the demand for memory to “far exceed” supply in 2027, the company said in a Thursday (Oct. 29) press release announcing its third quarter financial results. That demand will be driven ...Read moreFiverr Pivots to AI Agents as Traditional Search Erodes
October 29, 2026
Fiverr is restructuring its digital architecture to adapt to what its CEO calls a fundamental upheaval in internet search. With search engine optimization losing ground to artificial intelligence assistants, the freelance marketplace ...Read moreTech Companies Battle Infestation of AI-Discovered Bugs
October 28, 2026
Tech companies are reportedly spending more time and resources dealing with bugs uncovered by artificial intelligence (AI). That’s according to a report Wednesday (Oct. 28) by The New York Times, which says ...Read moreBusinesses Believe in Payment Guarantees but Few Actually Use Them
October 28, 2026
Businesses have spent years investing in systems designed to determine whether a payment is legitimate. Fewer have invested in ensuring that a legitimate payment actually arrives. Just 13% of firms use ...Read moreAI Disclosure Proposal Targets How Models Help Build Their Successors
October 27, 2026
Major artificial intelligence (AI) developers would have to disclose whether and how extensively they use their own technology to develop new models under a policy proposal aimed at giving federal ...Read moreWalmart and Amazon Expand AI Agents’ Roles in Shopping and Work
October 22, 2026
It was a big week for agentic artificial intelligence at Walmart and Amazon as the two companies outlined plans to capitalize on the technology’s momentum among consumers and enterprises. Walmart announced ...Read moreBanks’ Growing Fraud Tech Stacks Create an Integration Challenge
October 20, 2026
Banks have plenty of fraud technology, but getting all of it to work as a cohesive line of defense is becoming a problem. The PYMNTS Intelligence report “Scams Get Personal: Why ...Read more
Banks Could Hold the Advantage in Corporate Stablecoin Payments
November 10, 2026
Stablecoins are coming for corporate banking. However, headlines this week showed that the cryptocurrency companies behind them are finding that the fastest way in may be through traditional banks themselves. Rather ...Read moreAnchorage and Lydian Team to Promote Stablecoin Payments
November 10, 2026
Cryptocurrency-focused bank Anchorage Digital has launched a partnership with digital asset payment infrastructure company Lydian. With this collaboration, Lydian has onboarded to Anchorage stablecoin minting and redemption, with digital assets custodied ...Read moreHow Better Payment Details Help Banks Screen Crypto Exposure
November 9, 2026
Authorities in the United States are targeting the firms that move money for sanctioned cryptocurrency exchanges. After sanctioning Iranian exchanges in June and August, the Treasury Department on Friday (Nov. 6) ...Read moreBlack Friday Escapes the Calendar and Heads for Your Wallet
November 7, 2026
Black Friday has developed a scheduling problem. It keeps arriving before Friday. The official date this year is Nov. 27, followed by Cyber Monday on Nov. 30. But retailers are already ...Read moreNubank and Mercado Pago Pause Crypto Operations Following Provider Issues
November 6, 2026
Nubank and Mercado Pago paused some cryptocurrency operations due to issues with third-party providers, Bloomberg reported Friday (Nov. 6). The suspensions by the financial services firms came a week after hackers ...Read moreHyperliquid Wants to Become Futures Commission Merchant in US
November 6, 2026
Digital asset treasury company Hyperliquid Strategies wants to become a futures commission merchant (FCM) regulated in the United States, according to a Thursday (Nov. 5) press release. Hyperliquid Strategies CEO David ...Read moreHow Banks Can Avoid Sending a Stablecoin Payment Twice
November 6, 2026
Binance stopped withdrawals after attackers stole $6.3 billion in digital assets on Oct. 30. The cryptocurrency exchange restored access in stages. By Monday (Nov. 2), Federal Reserve and Office of the ...Read moreMorgan Stanley Bets on Tokenization, but Who’s Funding the Other Side?
November 5, 2026
Wall Street is getting ready to modernize post-trade plumbing and experiment with tokenized real-world assets. But does that mean the corporate order book is moving onto the blockchain? The Commodity Futures ...Read moreBinance Heist Raises Concerns Among Banking Regulators
November 5, 2026
Last week’s record hack of cryptocurrency exchange Binance prompted regulators in the United States to check in with the country’s banks, Reuters reported Thursday (Nov. 5), citing unnamed sources. Supervisors at ...Read moreCrypto Lobbies for Looser Rules as Stolen Billions Disappear
November 3, 2026The scales of cryptocurrency’s existential crisis regarding traditional finance and decentralized finance were always going to be tipped by crime. They’ve gotten a nearly $7 billion push since Friday (Oct. ...Read more