Payments News

On The Web

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Companies

Square leases all of downtown Oakland’s Uptown Station offices

“Square said Thursday it has leased the iconic Uptown Station complex in downtown Oakland, marking a major boost for the East Bay city and a deal that will bring hundreds of the tech company’s workers to the city. The maker of mobile payments technologies and systems, whose chief executive officer is the co-founder of Twitter, said […]
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Companies

Square Revives Request to Start a Bank

“Acquiring a banking license would allow Square to plug into the pipes of the financial system without having to go through banks and other intermediaries. It would also send a signal that regulators are open to giving Silicon Valley firms access to privileges previously unavailable to them, such as deposit insurance.”
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Companies

Square sold more than $166M worth of bitcoin in 2018

“Last year, the firm enabled bitcoin buys and sells on its Cash App platform, a rival to PayPal’s Venmo. Still, despite Dorsey’s bullish stance on bitcoin — the billionaire has said bitcoin could be the future of money — Square does not hold that much bitcoin on its own balance sheet, but did however make approximately […]
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Companies

Square unveils new debit card for small-business customers

“With the Square Card, which is free to obtain and use, business owners will be able to spend their Square balances immediately in stores and online. Previously, those who used Square for payment processing had to wait several days for their funds to transfer to their banks accounts, or else they could pay a small […]
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Companies

Square Posts Strong Growth for Cash App, Its Entry in the Hot P2P Payments Market

“Square Inc. is rapidly growing into a heavyweight player in the hard-fought market for peer-to-peer payments. The San Francisco-based company had 15 million active users in December for its P2P product, Cash App, a number that doubled from December 2017, the San Francisco-based company disclosed on Wednesday. That’s still well behind the 100 million consumers using […]

On The Wires

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Companies

Square Payroll Introduces Benefits Offerings for Small Businesses and Their Employees

“Square, Inc. (NYSE: SQ) today launched employee benefit offerings within Square Payroll, providing small businesses who use Square Payroll access to quality, affordable benefits like health insurance and retirement savings. Benefits are flexible, easy-to-use, and seamlessly integrate with the rest of Square Payroll, removing the administrative complexity businesses typically face with offering benefits.”
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