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.
This Week In Payments: Snowflake’s Supersized IPO, Alternative Credit’s Popularity Explodes And Instant Payments’ Steady Expansion
September 18, 2020
This week saw cloud-storage software maker Snowflake’s initial public offering (IPO) pop an unprecedented 111 percent, Swedish-based alt-credit provider Klarna’s valuation hit $10 billion and instant disbursements make their next great leap ... Read moreMusicians Pick Up The Tempo On Adopting Digital Payments
September 18, 2020
The conventional wisdom may hold that creative types — musicians among them — are not the savviest of business mavens.
Anecdotes abound, of course, in the popular music industry of artists ... Read moreToday In Payments: NYC Approves Restaurant Surcharge; SWIFT To Create New Cross-Border Real-Time Rails
September 17, 2020
In today’s top news, New York City changed a rule banning restaurant surcharges, and SWIFT announced plans to retool its platform to enable instant transactions. Plus, the combined value of ... Read moreOdds Are That Online Sportsbook Wins Big Post-COVID
September 16, 2020
It’s been said that “gamblers find things to gamble on.” Online sportsbooks have been beneficiaries of that dictum ever since COVID-19 eradicated most live sports, leaving millions of fans and ... Read moreCombined Value Of Visa, PayPal, Square And Mastercard Crests $1T
September 16, 2020
The biggest FinTech companies have been rising in valuation faster than the largest banks, seeing a total of more than $1 trillion now, according to CNBC.
Between Square, Visa, PayPal and ... Read moreLenders Brace For Wave Of Hotel Closures
September 16, 2020
The impending demise of the Hilton in Times Square is just the tip of the iceberg when it comes to what experts believe will be a wave of hotel closures ... Read moreToday In Connected Commerce: Ticketmaster Moves On Mobile, PayPal Prepares For A Permanent Shift And Square Puts Payroll OnDemand
September 16, 2020
The pandemic outbreak has pushed consumers and businesses online and looking to make connections to make commerce smoother and more seamless across the board. Its why PayPal is guiding businesses ... Read moreVSoft Debuts Merchant Network For Real-Time B2B Payments
September 16, 2020
To enable quicker and less expensive transactions for small and medium-sized businesses (SMBs) and peer-to-peer (P2P) users, VSoft has rolled out its new Bread merchant services network. The platform lets ... Read moreToday In Payments: Police Allege Money Launderers Using Chinese eCommerce; Square Launches On-Demand Payroll
September 16, 2020
In today’s top news, Chinese authorities have made several arrests alleging cybercriminals laundered $2 billion through faux eCommerce purchases, and Square announced the launch of two real-time payment features. Plus, ... Read moreToday In Digital-First Banking: Tesco Bank Introduces Digital Payment Platform; Square Rolls Out On-Demand Payroll
September 16, 2020
In today’s top news in digital-first banking, Tesco Bank has introduced an online payment platform for credit card customers, and Square has rolled out on-demand payroll. Plus, Monit is rolling ... Read more
Musicians Pick Up The Tempo On Adopting Digital Payments
September 18, 2020The conventional wisdom may hold that creative types — musicians among them — are not the savviest of business mavens.
Anecdotes abound, of course, in the popular music industry of artists ... Read moreOdds Are That Online Sportsbook Wins Big Post-COVID
September 16, 2020It’s been said that “gamblers find things to gamble on.” Online sportsbooks have been beneficiaries of that dictum ever since COVID-19 eradicated most live sports, leaving millions of fans and ... Read moreToday In How We Eat: Drone Deliveries Take Off, Walmart vs Amazon Prime
September 15, 2020
Today in how we eat, the world of delivery gets a close-up as drones prepare to take to the skies to drop groceries off at our homes. And Amazon Prime ... Read moreSquare Launches On Demand Payroll
September 15, 2020
Square Inc. on Tuesday (Sept. 15) announced the launch of two new features the company says will make payroll easier for employers and employees alike.
The new “Instant Payments” offering lets ... Read moreSquare Sees Dramatic Hike In Cashless Transactions
September 15, 2020
The COVID-19 pandemic is fueling contactless payments as one financial mobile app company says without a public health crisis, it would have taken three years to see such a reduction ... Read moreHow 9/11 Helped Shape Today’s (Digital) Payments Landscape
September 11, 2020
Viewed through the lens of the pandemic, the horrors of 9/11 may seem, at least to some, long ago and far away – though, of course, never muted.
The nearly two ... Read moreTwitter, Square CEO Jack Dorsey Bullish On Bitcoin
September 11, 2020
When it comes to bitcoin, Twitter founder and CEO Jack Dorsey is all in.
The 43-year-old technology entrepreneur, who also heads Square, the mobile payment company, said the cryptocurrency rules.
“I think ... Read moreSquare, Mastercard To Power Digital Payments For Falkland Islands Businesses
September 8, 2020
Falkland Islands businesses have leaped forward in their digital banking capabilities under a recent partnership, which was announced on Tuesday (Sept. 8) as part of London Tech Week.
Square and Mastercard ... Read moreThe Impact of Mobile Card Apps On FI Customer Retention
August 21, 2020
The trend toward digitization in consumers’ lives isn’t new, but COVID-19 has accelerated it dramatically over the past several months. Community banks and credit unions are feeling the pressure to ... Read moreDraftKings: Why Sportsbook Is The Ticket To The Everywhere Fan Experience
August 12, 2020
With live sports and entertainment still mostly on hold, fans are getting their sports fix by betting on it. Dan Hannigan-Daley, director of sportsbook product at popular app DraftKings, says ... Read more
How The Pandemic Made QR Codes Sizzle
September 18, 2020
QR codes have become the star player on the digital payments stage in China and throughout Southeast Asia. Consumers and businesses are wholeheartedly embracing mobile wallets powered by QR codes ... Read moreEU Industry Trade Group Warns 5G Delays Will Hurt Competition, Profits
September 18, 2020
The chairman of a European industry trade group has warned the uneven rollout of 5G wireless technology could hurt companies.
In a tweet Friday (Sept. 18), the European Round Table for ... Read moreEU Could Force Apple To Share Payments Tech With Competitors
September 17, 2020
The European Union (EU) could pass new laws that would make it mandatory for Apple to share the payments technology in its iPhones, according to a report from Bloomberg.
The new ... Read moreFacebook Reality Labs Says AR Glasses Still Years Away
September 17, 2020
A day after Facebook generated headlines with twin announcements about smart glasses and upcoming work on wearable augmented reality, the company’s chief scientist said in a Reuters report that the company ... Read moreFacebook Plans To Launch Smart Glasses In 2021
September 16, 2020
Facebook and French eyewear giant EssilorLuxottica are collaborating on the development of smart glasses, and plan to launch their first product, Ray-Ban branded smart glasses, in 2021, the companies announced Wednesday ... Read moreTelefónica Shakes Up 5G Race With Rakuten Deal
September 16, 2020
Telefónica is teaming up with a pioneering Japanese eCommerce company in a bid to speed up the rollout of 5G.
Telefónica said on Wednesday (Sept. 26) that it will work with ... Read moreApple’s Late To The Connectivity, Fitness And Services Parties – Will It Catch Up?
September 16, 2020
No iPhone 12 – but pretty much everything else.
The question for Apple is: Will the slew of offerings announced this week be enough to bring new users into its ever-expanding ecosystem, ... Read moreFiverr Expands Business Offerings For Easier Remote Work
September 15, 2020
Fiverr International Ltd., an established player in the field of connecting businesses and freelancers, on Tuesday (Sept. 15) announced a new offering aimed at facilitating easy cooperation among teams of ... Read moreMicrosoft Game-Streaming Service Goes Live
September 15, 2020
Microsoft Corp. on Tuesday (Sept. 15) announced that its game-streaming service XCloud is now available to users of Google’s Android service, but not to Apple iPhone users.
CNBC wrote: “Think of ... Read moreToday In Payments Around The World: Oracle Appointed TikTok US 'Technology Provider'; Alibaba Mulls Investment In Grab
September 14, 2020
In today’s top news in payments from around the world, Oracle Corp. has said that it was chosen to be ByteDance’s “trusted technology provider” that will take over TikTok’s American ... Read more
ECS Fin To Test Apifiny's Blockchain Program
September 20, 2020
ECS Fin, which works in transaction processing optimization, will launch a pilot program to test the integration of blockchain services of Apifiny‘s Roxe network to help companies save time and ... Read moreBitcoin Daily: Bitcoin ATM Installations Approach 10K Globally; Homeland Security Runs Contest For Digital Wallet Development
September 17, 2020
Two individuals from Russia who were recently sanctioned by the Treasury Department purportedly put into place copycat websites for cryptocurrency exchanges that that tricked people into providing login information, CoinDesk ... Read moreCircle, Dapper Labs Team To Add Stablecoin Payments For Digital Collectibles
September 16, 2020
Dapper Labs will be partnering with peer-to-peer firm Circle to help add payment methods for digital collectibles using credit and debit card payments to settle in the stablecoin USD Coin ... Read moreVeem Ends Funding Round With $31M
September 16, 2020
Global payments network Veem has closed a funding round with $31 million in new capital, a press release says.
Truist Ventures, the corporate venture capital division of Truist Financial Corporation, the ... Read moreBitcoin Daily: India Eyes Crypto Trading Ban; Japanese Crytpo Exchange Sues Binance Claiming It Accepted Hacked Funds
September 15, 2020
India intends to propose legislation prohibiting digital currency trading, while other economies in Asia have opted to regulate the market, Bloomberg Qint reported.
It is anticipated that the India federal cabinet ... Read moreRTP, Blockchain Make Inroads Within Corporations
September 15, 2020
As if the coronavirus crisis wasn’t enough of a challenge for organizations still printing, cutting and mailing paper checks, the ongoing slowdowns at the U.S. Postal Service have added yet ... Read moreStandard Chartered Reports Blockchain Letter Of Credit Transfer Between Thailand, Vietnam
September 13, 2020
Standard Chartered has announced the completion of the first cross-bank Letter of Credit (LC) transaction over blockchain, between Vietnam and Thailand, according to a report from FinanceFeeds.
The transaction was accomplished ... Read moreBitcoin Daily: IRS Offers $625K For Help Cracking Cryptocurrency Secrecy; Kuala Lumpur's IBF Net Eyes Blockchain For Recurring Payments
September 13, 2020
The United States may have some of the world’s best cryptographers working for the National Security Agency and other spy shops, but the Internal Revenue Service (IRS) is crowdsourcing at ... Read moreBitcoin Daily: Square Announces Cryptocurrency Open Patent Alliance; Blockchain Firm tZero Gets Green Light For Broker-Dealer Subsidiary; Reinno Debuts Tokenized Real Estate Platform
September 10, 2020
Square has announced the rollout of the Cryptocurrency Open Patent Alliance (COPA), according to a web post.
It’s inviting others in the crypto community to join the alliance. Members must agree ... Read moreBitcoin Daily: Digital Currency Group Buys Luno Exchange; Venezuela Bars MercaDolar, Coinbase Access
September 9, 2020
Blockchain firm Digital Currency Group (DCG) has bought the Luno cryptocurrency exchange, which it will keep running as an independent subsidiary, according to a Wednesday (Sept. 9) announcement. DCG first ... Read more