Payments News

On The Web

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Companies

Jack Dorsey’s Square Invests $18 Million in Italy’s App Satispay

“Square Inc. , the payments company run by Jack Dorsey, is among new big investors in Italy’s mobile digital payment platform Satispay SpA , in a move aimed to expand its operations across European markets, according to a statement by Satispay. The San Francisco-based company invested about 15 million euros ($18 million) for a minority […]
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Companies

Square Payroll Brings Faster, More Flexible Money Movement With Launch of On-Demand Pay and Instant Payments

“Today, Square announced the launch of two new features that enable Square Payroll customers and their employees to more easily and effectively manage their cash flow: On-Demand Pay for employees, and Instant Payments for employers. The new offerings, which leverage Square’s Seller and Cash App ecosystems, represent a major milestone in providing employees and employers […]
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Companies

Square, Jack Dorsey’s Pay Service, Is Withholding Money Merchants Say They Need

“Thousands of small enterprises that use Square to process their credit card transactions — including plumbers, legal consultants and construction firms — have complained that the company recently began holding back 20 to 30 percent of the money they collected from customers. The withholdings came with little warning, they said, and Square asserted the right […]

On The Wires

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Companies

Cash App Announces Definitive Agreement to Acquire Credit Karma Tax

“Square, Inc. (NYSE: SQ) has entered into a definitive agreement with Credit Karma to acquire its tax business, Credit Karma Tax, on behalf of Cash App, the financial services app that allows individuals to spend, send, store and invest money. Square will pay $50 million in cash for Credit Karma Tax, which provides a free, […]
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Companies

Square announces Terminal API at Unboxed 2020 Conference

“Today, at Square’s fourth annual partner and developer conference, Square Unboxed , the company announced the general availability of its newest developer tool: Terminal API. The new API enables developers to connect Square Terminal , an all-in-one card payments device, to their POS, ERP, or practice management system, regardless of the platform or operating systems […]
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Companies

Square, Inc. to Invest $100 Million in Minority and Underserved Communities

“Square, Inc. (NYSE: SQ) announced today that it intends to invest $100 million in support of minority and underserved communities, driven by the company’s purpose of economic empowerment and its ongoing commitment to racial equity. The investment constitutes three percent of Square’s cash and marketable securities as of the end of the second quarter of […]
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Companies

Square Report Reveals How Much the Pandemic Has Accelerated the Digital Economy

“Today, Square, Inc. (SQ) released a new report that highlights how the onset of COVID-19 has affected global commerce and payments behavior. This is the third installment of Square’s Making Change series, which examines whether or not we’re headed towards a cashless society. In February 2020, just 5.4% of Square sellers across the US were […]
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Companies

Square Announces On-Demand Delivery for Square Online Store Sellers

“Today Square announced the availability of On-Demand Delivery for Square Online Store. In this challenging new business environment, it’s more important than ever that sellers have access to the tools they need to sell online quickly, efficiently, and affordably. Now, with On-Demand Delivery , Square Online Store sellers can dispatch a courier through delivery partners […]