Payments News

On The Web

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Companies

Cash App Is King at Square

“The coronavirus pandemic had a divergent effect on Square’s two main business lines. Inflows into Cash App swelled over the past year as many users deposited their stimulus checks into their digital wallets. They then used the proceeds to send money to friends and family instantly over Cash App, purchase things online with their Cash […]
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Companies

Square Gets a Bitcoin Boost With Revenue up 266%

“First-quarter revenue rose to $5.06 billion, up 266% year over year, largely thanks to gains in bitcoin revenue. Net income for the quarter was $39 million. Gross profit grew 79% year over year to $964 million in the quarter that ended Mar. 31, according to a statement. Cash App gross profit came in at $495 […]
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On The Wires

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Companies

Square Announces On-Demand Alcohol Delivery for Square Online Sellers

“Today Square announced the ability for sellers to offer alcohol delivery through Square Online’s on-demand delivery feature. Now, restaurants, bars, breweries, bottle shops, convenience stores, or any seller using Square Online can offer their customers the option to purchase alcohol from their website and have the order fulfilled through a delivery partner. For many restaurant […]
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Companies

Square Announces New Inventory Management Features for Retailers

“Square announced the availability of new inventory management features for Square for Retail sellers, to help automate and improve one of the most challenging, but critical, processes businesses of all sizes face. New features like Easy Item Create, Quick Inventory Counting, and Smart-Stock Alerts provide sellers greater control over their inventory management, and improve efficiency […]
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Companies

Square Extends Lending Arm to Australian Businesses

“Square has announced it will be rolling out Square Loans in Australia, a program that helps small businesses grow by giving them quick and simple access to funds. Australia will be the first global market, outside of the US, where the payments company will launch its lending product…By using historical transaction data, Square Loans has […]
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Companies

Square for Restaurants Launches in Canada to Help Recovering Industry

“Resilience has been the backbone of the Canadian food and beverage industry in recent months, as it adapts to COVID-19 restrictions. Now, restaurants across Canada can leverage the power of even more Square tools to their advantage and ever-changing needs. Launching in Canada, Square for Restaurants is an all-in-one specialized point of sale that brings […]
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Companies

Square Financial Services Begins Banking Operations

“Square, Inc. announced its industrial bank, Square Financial Services, has begun operations after completing the charter approval process with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions. Square Financial Services is an independently governed subsidiary of Square, Inc. Headquartered in Salt Lake City, Utah, its primary purpose will be to […]
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Companies

Square Register Raises the Bar With a New, Comprehensive Point-of-sale

“Today, Square has launched its latest hardware offering, Square Register , a fully integrated countertop point-of-sale (POS) solution, designed to give UK businesses with complex needs the versatility they need to manage sophisticated operations. Right now, it’s not business as usual for many, and this new device is designed for businesses looking for a versatile […]