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.
X CEO Linda Yaccarino Steps Down After 2 Years
July 9, 2025
X CEO Linda Yaccarino said Wednesday (July 9) that she is stepping down from that position after two years, without giving a reason for the move. In a Wednesday post on X, Yaccarino ...Read moreTally Tumbler Team Masters Amazon Strategy to Drive Seasonal Sales
July 9, 2025
It’s summertime, and that means sun, friends, backyards and cold beverages. It also means summer sales and yard games aimed squarely at those backyard and park hangouts. Today’s eCommerce landscape is dominated ...Read moreJack Dorsey Unveils ‘Personal Experiment’ Bluetooth-Based Messaging App
July 7, 2025
Jack Dorsey, Twitter’s co-founder and the chief executive of Block, on Monday (July 7) introduced Bitchat, an experimental messaging service that lets smartphones trade encrypted texts over Bluetooth rather than ...Read moreTurkey’s Competition Regulator to Use AI to Combat Algorithmic Price Fixing
July 7, 2025
Turkey’s top antitrust regulator is turning to artificial intelligence (AI) in an effort to address growing risks posed by algorithmic pricing systems that may lead to anti-competitive behavior. Birol Küle, head ...Read moreInnovation Used to Be About Generations. Gen AI Makes It About Everyone
July 7, 2025
For many Americans, saving money at the grocery store was once a Sunday evening ritual. Out came the scissors and spreadsheets to clip coupons from the Sunday papers stuffed with ...Read moreAlibaba Resharpens Focus on AI and eCommerce
July 3, 2025
In May 1999, a group of entrepreneurs launched an online B2B website called Alibaba.com, which operated out of a small apartment in Hangzhou, China. Its goal was to connect Chinese ...Read morePerplexity Launches $200-a-Month Subscription Tier Promising ‘Limitless AI Productivity’
July 2, 2025
Perplexity has launched a $200-a-month or $2,000-a-year subscription tier called Perplexity Max. The new subscription plan includes all the features of the $20-a-month or $200-a-year Perplexity Pro and adds unlimited access ...Read moreOCC Finds Outdated Core Systems Threaten Future of US Regional Banks
July 1, 2025
Across the country, thousands of community and regional banks are facing a seismic challenge: adapt to the demands of a digital-first world or risk obsolescence. Throughout the history of financial services, ...Read moreAbbVie Moves to Strengthen Autoimmune Portfolio with $2.1 Billion Capstan Therapeutics Acquisition
June 30, 2025
North Chicago-based biopharmaceutical giant AbbVie has announced a definitive agreement to acquire Capstan Therapeutics for $2.1 billion in cash, expanding its footprint in the treatment of autoimmune diseases, according to The Wall ...Read moreGenAI Gains Strategic Importance Among CFOs as Workforce Needs Change
June 30, 2025
The ranks of CFOs who consider generative artificial intelligence (GenAI) as “very” or “extremely” important to their enterprises have about doubled across use cases, according to the upcoming CAIO report ...Read more
Bakkt 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 moreBlock Renews Bets on AI, Ecosystem Lending as Growth Softens
May 1, 2025
For a company long hailed as a tech disruptor in financial services, Block’s Q1 2025 results present a paradox. One of slowing growth amid a flurry of innovation. The question looming ...Read moreCash App’s Growing Number of Direct Deposits Marks Progress in Expansion Efforts
April 3, 2025
Block’s Cash App is reportedly making progress in its efforts to offer banking services to customers who mostly use the app to make payments. The number of the app’s users who ...Read moreBlock Doubles Down on Banking Base as FinTech Competition Grows
February 20, 2025
Jack Dorsey is no stranger to playing the long game. But Block, the financial services and digital payments company formerly known as Square, missed Wall Street’s short-term estimates for its ...Read morePayments Go From Mono to Modular: Why North Says ISVs Are the Big Winners
February 18, 2025
For decades, payments infrastructure was largely controlled by major financial institutions and legacy processors, with limited flexibility for customization. However, the rise of open banking, cloud computing and API-first development has ...Read moreThe Five Not-So-Obvious Things That Will Change the Digital Economy in 2025
January 6, 2025
It’s only been for the last 443 years that the start of the new year was celebrated on January 1st. For millennia before that, it wasn’t until late March and ...Read moreThis Week in B2B: Smokestack Upgrades, CFO Intelligence, SMB Innovation
October 31, 2024
The B2B innovation landscape has never been more exciting than right now. Ongoing technological advances are driving a paradigm shift, allowing B2B firms to streamline and digitize nearly every element of ...Read moreApple Pay’s 10-Year Journey and Its Next Decade of Decisions
October 22, 2024
PYMNTS Intelligence published its annual report on the usage and adoption of Apple Pay yesterday (October 21). That report marked the ten-year milestone of Apple Pay’s launch, which was the ...Read moreThredd CEO: Unbundling of Banking Changes the Merchant Acquiring Game
October 3, 2024
For decades, the “classic” four-party model dominated card payments — where the quartet was comprised of the cardholder, the merchant, the acquirer and an issuing bank. Acquirers process the payment ...Read moreDiscover Global Network: Payments Are Foundation of Electric Vehicle Infrastructure
September 30, 2024
Electric vehicles (EVs) represent a new paradigm of connected experience. The ongoing transformation in the automotive industry is more than just a transition from gasoline to electricity — it’s evolving ...Read more
Why CFO Now Stands for ‘Chief Forecasting Officer’
July 11, 2025
For decades, the title of chief financial officer evoked an image of someone buried in spreadsheets and focused on quarterly closes, regulatory compliance and carefully hedged projections. Today, however, trade volatility ...Read moreEU Publishes Final AI Code of Practice to Guide Compliance for AI Companies
July 10, 2025
The European Commission said Thursday (July 10) that it published the final version of a voluntary framework designed to help artificial intelligence companies comply with the European Union’s AI Act. The ...Read moreMartini.ai Puts a Real-Time AI Corporate Credit Risk Model in Everyone’s Hand
July 10, 2025
Watch more: Martini Puts a Real-Time AI Corporate Credit Risk Model in Everyone’s Hand Martini.ai isn’t just a clever name; it’s the model that could rewrite how corporate credit risk is ...Read more76% of Consumers Now Own Four or More Connected Devices
July 8, 2025
The way people use technology is changing, creating a complex situation for banks and retailers. Even though more devices are connected, many people are happy with the basic technology they have. ...Read moreHow to Choose Between Deploying an AI Chatbot or Agent
July 7, 2025
In artificial intelligence, the trend du jour is AI agents, or algorithmic bots that can autonomously retrieve data and act on it. But how are AI agents different from AI chatbots, ...Read moreMultibillion-Dollar Crypto Scams Reveal Hard Lessons for Global Businesses
July 7, 2025
When bitcoin first appeared in 2009, it was heralded as a decentralized, peer-to-peer alternative to traditional finance. However, in the industry’s early days, before most businesses had even heard the term ...Read moreAutonomize Says Agentic AI Accelerates Shift From ‘Sick’ Care to Healthcare’s True Potential
July 7, 2025
Watch more: Autonomize Says Agentic AI Will Trim $1.5 Trillion Spent on Healthcare Administration in US Healthcare is a complex and fragmented sector that has long been weighed down by legacy ...Read moreAPI Strategy Looms Large in Back Half of 2025
July 7, 2025
As firms consolidate and specialize, they need innovative payment solutions, Maverick Payments VP of Product Justin Downey writes in a new PYMNTS eBook, “Halftime 2025: Charting the Future of Payments.” The ...Read moreNvidia Briefly Became Most Valuable Company Ever
July 3, 2025
Nvidia reportedly became the most valuable company ever for a period of time Thursday (July 3) morning before slipping below that mark later in the day. The artificial intelligence chip designer’s ...Read moreEuropean Commission Delays Release of AI Act’s Code of Practice
July 3, 2025
The European Commission reportedly delayed the release of a code meant to help companies comply with the European Union’s Artificial Intelligence Act. Originally scheduled for May 2, the release of the ...Read more
Ant Group Reportedly Plans to Add Circle’s Stablecoin to Blockchain
July 10, 2025
Chinese FinTech company Ant Group reportedly plans to add Circle’s USDC stablecoin to its blockchain platform after the coin becomes compliant in the United States. The timeline for the move has ...Read moreKraken and Backed Expand Tokenized Equities Offering to BNB Chain
July 9, 2025
Kraken and Backed have expanded the availability of their tokenized U.S. equities offering by partnering with blockchain ecosystem BNB Chain. This offering, xStocks, provides users outside the U.S. with onchain access ...Read moreChainalysis CEO Jonathan Levin Says Blockchain Can Facilitate Action Against Criminals
July 9, 2025
The United States can benefit from blockchain technology if regulators embrace its “transparency, speed and programmability,” Chainalysis Co-founder and CEO Jonathan Levin told the Senate Banking Committee Wednesday (July 9). Speaking ...Read moreRipple Taps BNY for Stablecoin Reserve Custody
July 9, 2025
Blockchain company Ripple chose BNY for the primary custody of its stablecoin reserves. “Ripple and BNY are jointly committed to paving the way for digital asset adoption at institutional scale and ...Read moreRobinhood ‘Confident’ Tokenized Equities Will Withstand Regulatory Scrutiny
July 8, 2025
Robinhood is reportedly in discussions with European regulators about its new tokenized equities offering. The launch of the program last week drew criticism from companies like OpenAI and questions from the ...Read moreMercado Bitcoin to Tokenize Real-World Assets on XRPL Blockchain
July 4, 2025
Digital asset platform Mercado Bitcoin plans to tokenize more than $200 million in permissioned real-world assets (RWAs) on the XRP Ledger (XRPL). A key contributor to the XRPL, Ripple, announced these ...Read moreOpenAI Says It Does Not Endorse Robinhood’s Stock Tokens
July 3, 2025
An OpenAI social media post reportedly impacted Robinhood’s stock price and set off a debate about the stock tokens Robinhood announced Monday (June 30). “These ‘OpenAI Tokens’ are not OpenAI equity,” ...Read moreAmundi Chief Investment Officer Says Stablecoins Threaten Global Payment System
July 3, 2025
A boom in the use of dollar-backed stablecoins could destabilize the global payment system, Amundi Asset Management Group Chief Investment Officer Vincent Mortier told Reuters in a report posted Thursday ...Read moreWall Street Moves On-Chain as Tokenization of US Stocks Goes Global
July 3, 2025
One of the overarching themes of 2025, outside of its notable levels of uncertainty, is the convergence of traditional finance (TradFi) and crypto markets. That theme got a shot in the ...Read moreCoinbase Acquires Liquifi to Ease Token Launches
July 2, 2025
Coinbase is acquiring Liquifi, a platform used by digital asset firms to manage token ownership. “Teams like Uniswap Foundation, OP Labs, Ethena, Zora and 0x already rely on Liquifi to launch ...Read more