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.
Systematic 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 moreBanks Embrace the Digital Age to Become Financial Service Aggregators and Platforms
March 27, 2024Jim McCarthy, CEO of Thredd, said in a recent interview that banks have to break down their walled gardens to give customers what they truly want. “Most of the world has ...Read moreSaks Fifth Avenue Faces Antitrust Battle in New York Court
March 25, 2024In a heated courtroom showdown on Monday, Saks Fifth Avenue clashed with both its own employees and the US Justice Department in a bid to uphold the dismissal of a ...Read moreWill Walmart’s ‘Walmarche’ Strategy Lure High-Income Shoppers?
March 25, 2024Last Saturday (March 23), legendary fashion designer Diane Von Furstenberg made her exclusive collection of 200 clothing, baby and household items available for shoppers to buy at Target. DVF, who ...Read moreVirtual 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 moreMarket Concentration in Cloud Services and its Impact on Investigative Journalism
March 19, 2024Cloud services are the backbone to the modern economy and information systems, indispensable for the provision of digital products and services, from social media to artificial intelligence (“AI”) models. Yet ...Read moreUniversal Music Group and Partners Monetize Music on Roblox
March 18, 2024Universal Music Group (UMG), Republic Records and Styngr partnered on a solution that helps music labels curate, distribute and monetize music across the Roblox platform. The new solution, Boombox, helps music labels launch playlists and integrate them into the ...Read morePublicSquare Taps Klarna Vet Billingsley to Promote ‘Uncancellable’ Payments
March 18, 2024PublicSquare, the self-described “patriotic” marketplace, is entering the payments space. The company announced Monday (March 18) it had hired former Klarna USA CEO Brian Billingsley to serve as president of its ...Read moreStudy Finds Embedded Finance Innovations Keep Momentum Despite Adoption Hurdles
March 13, 2024The telecom and media sector is witnessing a surge in demand for embedded finance solutions, with a strong inclination toward embracing innovations such as installment plans, digital wallets, loyalty programs ...Read moreKohl’s Takes Baby Steps Toward Growth With New Babies ‘R’ Us Partnership
March 12, 2024As Kohl’s finds partnerships to be a bright spot in an otherwise challenging retail environment, the department store chain is teaming up with Babies “R” Us to further expand its ...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
AI Proves Effective in Stopping eCommerce Returns Fraud
March 28, 2024Returns are a cost of doing business for all merchants. If not handled well, they can present a point of friction, disappointing customers so much that they’re discouraged from shopping with ...Read moreFor Banks to Compete With FinTechs, They Need to Act Like One
March 28, 2024The financial services landscape is an inherently customer-centric one. Within it, the winds of change around customer behavior and expectations about their banking relationships and financial journeys have been blowing stronger ...Read moreChief Reality Officer? CFOs Remain Source of Truth Amid Financial Uncertainty
March 28, 2024With great change comes great opportunity. And as the business landscape undergoes a rapid transformation, it has brought with it a broader shift in the expectations placed upon financial executives. Once ...Read moreGather AI Raises $17 Million for AI-Powered Inventory Monitoring
March 27, 2024Gather AI has raised $17 million to scale its computer vision and AI-powered warehouse inventory monitoring offerings. The Series A-1 round, announced Wednesday (March 27), will be used to scale operations as Gather AI ...Read moreAmazon Expands Investment in AI Firm Anthropic to $4 Billion
March 27, 2024Amazon made an additional $2.75 billion investment in Anthropic, bringing its total investment in the artificial intelligence company to $4 billion. The new investment joins the initial investment of $1.25 billion that Amazon made in ...Read moreWho Will Win the Battle for Generative AI?
March 27, 2024OpenAI’s remarkable success with ChatGPT has sent shockwaves through the tech world, sparking a fierce race to build the next generation of large language models (LLMs). Rivals are multiplying, aiming to challenge ...Read moreReport: DoorDash Boosts Voice AI With Standard AI Hires
March 27, 2024DoorDash is reportedly hiring to strengthen its AI-powered voice ordering product for restaurant customers. Senior members of artificial intelligence (AI) startup Standard AI — including former CEO Jordan Fisher and co-founders Brandon Ogle and ...Read moreGoogle Shopping Debuts Personalized Style Recommendations
March 27, 2024Google has begun rolling out a feature that gives shoppers more personalized results. As the search giant announced in a Wednesday (March 27) blog entry, the service will launch first in the ...Read moreBank of America: Digital Evolution Demands ‘High-Tech and High-Touch’ Approach
March 27, 2024Rich Clow, managing director and head of innovation and strategy, Global Payments Solutions, Bank of America, told PYMNTS that omnichannel demands are pointing banks toward a seamless continuum of digital and ...Read moreHow Digital Solutions Are Giving Freight Industry a Modern Lift
March 26, 2024Historically, freight forwarding has been a complex and labor-intensive process, characterized by manual paperwork, fragmented communication channels and numerous intermediaries. However, the emergence of digital platforms and innovative technologies is revolutionizing ...Read more
Judge Rules SEC Lawsuit Against Coinbase Can Go to Trial
March 27, 2024A judge ruled Wednesday (March 27) that the Securities and Exchange Commission’s lawsuit against Coinbase can go before a jury trial. The decision came after Coinbase asked the court to dismiss the SEC’s complaint, ...Read moreRipple CEO: SEC Will Fine Company $2 Billion
March 26, 2024Federal regulators want blockchain firm Ripple to pay a nearly $2 billion fine. That’s according to company officials who took to social media in advance of the publication of court documents scheduled for ...Read moreFrom Crypto to Coffee, Digital Wallets Signal Shifting Financial Landscape
March 22, 2024With Thursday’s (March 21) Department of Justice (DOJ) antitrust suit against Apple, digital wallets are top of mind. And moving over to the Web3 space, on Wednesday (March 20) Bitget Wallet, ...Read moreEthereum Foundation Faces Investigation by Undisclosed ‘State Authority’
March 20, 2024The Ethereum Foundation, a Swiss nonprofit at the heart of the Ethereum ecosystem, is reportedly under investigation by an undisclosed “state authority.” The investigation was disclosed Feb. 26 on the group’s GitHub ...Read moreInterbank Pilot From Visa, Goldman and Others Seeks Real-World Blockchain Utility
March 18, 2024For the past 15 years, blockchain has been attempting to transform the global financial system. Or, if you listen to some of the earlier adherents of the digital asset sector, ...Read moreDistressed Assets Buyer Attestor Battles Over FTX Claim
March 18, 2024London-based financial firm Attestor is in a legal battle involving the bankruptcy of FTX. Attestor, known for its expertise in investing in distressed assets, bought FTX’s distressed assets at low prices, a move ...Read moreDogecoin Value Surges 15% After Elon Musk’s Remarks
March 15, 2024Elon Musk has once again stirred up the cryptocurrency market by suggesting that dogecoin (DOGE) should be accepted as a payment method for Tesla vehicles. Dogecoin saw a 15% increase in ...Read moreFDIC Vice Chair: Tokenization ‘Beginning’ to Deliver Benefits
March 13, 2024Blockchain is full of promise, cryptocurrency perhaps less so, and tokenization is already shifting what it means to “own” an asset. In a speech delivered this week by Travis Hill, vice chairman ...Read moreGoldman and BNY Mellon Join Multi-Lender Blockchain Project
March 12, 2024Goldman Sachs and BNY Mellon are reportedly delving deeper into the world of blockchain transactions. The two banks were among several firms that took part in a series of tests on a blockchain network connecting various ...Read moreZeebu Marks $1 Billion in Web3 Settlement Transaction Volume
March 11, 2024Web3 payments platform Zeebu said it exceeded $1 billion in first quarter transaction volume. “In just seven months following the debut of its on-chain settlement platform, Zeebu swiftly advanced from settling nearly 5,000 ...Read more