Block

Block Will Let Users Make Cash App Payments Outside Its Network
Block Will Let Users Make Cash App Payments Outside Its Network
September 02, 2022  |  Retail

Block, which was formerly called Square, has begun letting users of its Cash App make payments on eCommerce sites that aren’t part of the Square...

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Klarna, Block, Sezzle Results: Merchants, Consumers Flocking to Short-Term Financing
Klarna, Block, Sezzle Results: Merchants, Consumers Flocking to Short-Term Financing
August 26, 2022  |  Buy Now Pay Later

At this writing, shares of Affirm are down about 15%. In part that’s due to guidance that gross merchandise volumes will slow and that the...

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Australia’s Afterpay, Westpac End 2-Year Partnership
Australia’s Afterpay, Westpac End 2-Year Partnership
August 26, 2022  |  Partnerships

Australian payments company Afterpay has ended its partnership with Westpac Banking after Afterpay canceled a smartphone app it was running with the bank. Afterpay will...

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Cash App, Block Accused of Negligence in Class Action Over Breach
Cash App, Block Accused of Negligence in Class Action Over Breach
August 25, 2022  |  Legal

A class action was filed against mobile payments company Cash App Investing and its parent Block over “negligent” behavior related to the December 2021 data breach...

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Block ‘Disappointed’ After CFPB Said It Slow-Rolled Cash App Probe
Block ‘Disappointed’ After CFPB Said It Slow-Rolled Cash App Probe
August 19, 2022  |  CFPB

A Block spokesperson told PYMNTS Friday (Aug. 19) that the company is “disappointed” that the Consumer Financial Protection Bureau (CFPB) has filed a petition for...

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Inflation, Credit Pressures Manageable for BNPL Providers Amid Soaring Volumes
Inflation, Credit Pressures Manageable for BNPL Providers Amid Soaring Volumes
August 12, 2022  |  Buy Now Pay Later

Buy now, pay later (BNPL) took off like a rocket during the pandemic, in an age when interest rates were at historic lows and stimulus...

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Marqeta Seeks New CEO, Founder Looks to New Role
Marqeta Seeks New CEO, Founder Looks to New Role
August 11, 2022  |  Personnel

Marqeta will begin a search for a new chief executive as it kicks off a growth phase, the founder and current CEO of the card...

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CE100 Index Gains 5.5% as Vroom Soars 55%, Platforms Gain Steam on Earnings
CE100 Index Gains 5.5% as Vroom Soars 55%, Platforms Gain Steam on Earnings
August 08, 2022  |  Connected Economy

PYMNTS’ Connected Economy™ 100 Index (CE100 Index™) marched upward by 5.5% this past week, continuing a streak that now has extended to three straight weeks....

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Block’s Bet on BNPL and Cash App Offsets Beating From Bitcoin
Block’s Bet on BNPL and Cash App Offsets Beating From Bitcoin
August 04, 2022  |  Digital Payments

For Block, the parent company of Square, bitcoin’s been a drag on results, and Cash App has been a boon. Block posted Q2 results that...

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