Payments News

On The Web

nbsp;

Companies

Amazon Ends Use of Arbitration for Customer Disputes

“In a brief email to customers, Amazon said anyone using its products would now have to pursue disputes with the company in federal court, rather than go through the private and secretive arbitration process, which critics say puts consumers at a huge disadvantage . “This is a big deal,” said Florencia Marotta-Wurgler, a professor at […]
nbsp;

Companies

Square Building New Bitcoin-Inspired Financial Services Business

“Square Inc. is creating a new business line to help developers build financial services products focused on Bitcoin, according to tweets from Chief Executive Officer Jack Dorsey…The San Francisco-based digital payments company has three business lines: Cash App, Square Seller products and the music-streaming service Tidal, which it acquired earlier this year . Dorsey has […]
nbsp;

Companies

Square Plans New iPad Payment Terminal With Built-In Tap-to-Pay

“Square Inc. is developing an iPad point-of-sale terminal that will let shoppers more easily tap to pay for purchases at participating stores. The company’s current Square Stand, launched in 2013, features a magnetic stripe reader but requires an external device to handle phone payments or tap-to-pay credit cards. The new version in development integrates the […]
nbsp;

Companies

Square Plans to Make Hardware Wallet for Bitcoin

“Square Inc (SQ.N) will make a hardware wallet for bitcoin, the payments company confirmed in a tweet on Thursday shortly before U.S. Senator Elizabeth Warren flagged growing risks posed to consumers and financial markets by the cryptocurrency market. Bitcoin wallets can be stored offline or online at cryptocurrency exchanges, venues where bitcoin can be bought […]
nbsp;

On The Wires

nbsp;

Companies

Meet Visa: Reintroducing the Iconic Visa Brand to Everyone, Everywhere

“Inviting the world to ‘ Meet Visa ,‘ the global payments technology company today unveiled the initial phase of its brand evolution spotlighting the diverse capabilities of its network and commitment to enabling global economic inclusion. Aligned closely with the company’s business strategy, this phase includes the debut of a dynamic global marketing campaign and […]
nbsp;

Companies

Introducing Square Banking, a Suite of Powerful Financial Tools for Small Businesses

“Today, Square launches Square Banking, a suite of financial products purpose-built to help small business owners easily manage their cash flow and get more out of their hard-earned money. Coming on the heels of Square’s industrial bank, Square Financial Services, beginning operations in March, Square Banking represents a major milestone in Square’s continued efforts to […]
nbsp;

Companies

Square Acquires Crew to Strengthen Workforce Management Offerings

“Square (NYSE: SQ) today announced it has acquired Crew, a frontline employee platform for consolidating and streamlining the day-to-day operations of hourly workforces. Communication is a critical element for all employers managing teams. With the acquisition of Crew, Square gains a robust workplace messaging platform that will strengthen, complement, and scale its existing labor management […]
nbsp;

Companies

McAfee Partners With Visa to Offer Holistic Security Solutions for Visa Business Cardholders

“McAfee today announced a new partnership with Visa that enables Visa financial institution partners in North America and EMEA to offer award-winning internet security to Visa Business cardholders. Visa Business cardholders can save up to 40% on a two-year subscription on comprehensive McAfee solutions that protect sensitive data via email, provide web and firewall protection, […]
nbsp;

Companies

Visa U.S. Spending Momentum Index Signals Continued Spending Growth

“Visa (NYSE: V) today released the June reading of the Visa U.S. Spending Momentum Index (SMI), an economic indicator designed to be a timely gauge of the health of consumer spending. The Visa SMI delivers insight into what drives upturns and downturns in spending by measuring the breadth of the momentum supporting these trends. In […]