Payments News

On The Web

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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 […]
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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 […]
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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 […]
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Companies

Square to Invest in Solar-Powered Bitcoin Mining Facility

“Square Inc. will invest $5 million to build a solar-powered Bitcoin mining facility at a Blockstream Mining site in the U.S. through a partnership with the blockchain technology provider. The facility will be a “proof-of-concept for a 100% renewable energy Bitcoin mine at scale,” Blockstream said in a press release on its website. Information on […]

On The Wires

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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 […]
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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 […]
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Companies

Square Data Shows Beauty Industry Recovery As Gross Payment Volume Rises 121% Year-over-Year

“To further equip beauty and personal care merchants to future-proof and grow, Square Appointments recently released modern, seamless features that benefit businesses and their clients: Square Online: Merchants can now create an integrated, customizable website to match the aesthetic of their business and sell their products and services online for omnichannel capabilities. Square Online saw a […]
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Companies

Square Announces Early Access Programme for French Businesses

“Square, the globally trusted software, payments, and hardware solution for businesses of all sizes, today announces an Early Access Programme in France, offering exclusive access to an integrated suite of tools to seamlessly sell in-person and online. This limited-space programme is now seeking SMEs across France who want access to the only comprehensive solution of […]
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Companies

Square, Inc. Allocates $25 Million for Minority and Underserved Communities, Including $5 Million Bitcoin Endowment

“Square, Inc. announced the allocation of the remaining $25 million of its $100 million investment in support of minority and underserved communities. Square shared the ideology behind the investments in a memo outlining how companies can make similar commitments, along with information about the newly launched Bitcoin Endowment focused on financial education and access. With […]
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Companies

Square and Noble Partner to Digitize Live Event Concession Commerce

“Noble, the consumer-centric digital commerce and marketing platform for onsite experiences, announced today that the company has partnered with Square to provide online payment processing of food and drink for live events. A member of the Square Solutions Partner Program and available on the Square App Marketplace , the Noble platform is integrated into the […]