Tagged: square

COVID-19 Relief: Payments Giant Square to Add Feature Allowing Users to Directly Access Stimulus Funds from their Cash App Accounts

The US Internal Revenue Service (IRS) confirmed on April 10, 2020 that it would be providing a tool for eligible American citizens and residents who don’t normally submit tax return documents, so that they can get access to government Coronavirus (COVID-19)-related stimulus funds. Soon after… Read More

Coinbase Claims Retail Investors Purchased Large Amounts of Bitcoin (BTC) During Last Month’s Crypto Market Crash

San Francisco-based digital asset exchange Coinbase claims that retail customers purchased Bitcoin (BTC), the flagship cryptocurrency, the most during the March 2020 market crash. As noted in a report from Coinbase (released on March 31, 2020), customers usually purchase about 60% more than they sell…. Read More

COVID-19 Response: Square and Venmo’s Parent PayPal are Talking to US Government About Using their Apps to Deliver Stimulus Payments to Americans

Payments company Square (NYSE:SQ) and Venmo’s parent firm PayPal (NASDAQ:PYPL) are reportedly holding discussions with the US government about potentially using their applications to provide much-needed stimulus payments to American citizens, following the global Coronavirus (COVID-19) outbreak. The new service being proposed by Square and… Read More

Digital Bank: Square Financial Services, Receives FDIC Approval for its Deposit Insurance Application

Square Financial Services, the de novo industrial bank established by payment services firm Square, has received conditional approval from the Federal Deposit Insurance Corporation (FDIC) for its deposit insurance application. The approval gives Square permission to introduce banking services, which it’s reportedly planning to launch… Read More

Square Announces $1 Billion Convertible Notes Offering Pricing

Payments platform Square recently announced the pricing of $1.0 billion aggregate principal amount of convertible senior notes due 2025 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933. Square revealed that the notes will be senior,… Read More

SME Platform Xero Integrates Payment Tech Firm Square’s Software in Australia to Enable Instant Payments for Business Invoices

Small and medium-sized enterprise (SME) platform Xero has reportedly made a new technology integration with Square’s software in Australia, in order to allow users to make instant payments of small-business invoices. The new feature will allow small and medium-sized businesses (SMBs) using Square’s platform to… Read More

Big Tech Lobbying Firm, Financial Innovation Now, Releases Survey on Payment Apps, a “Vital Part of Everyday Life”

Financial Innovation Now (FIN) represents some of the biggest names in tech when it comes to Fintech. These firms include Apple, Amazon, Google, PayPal, Square, and Intuit. Each of these big tech firms have a strong foothold in providing financial services and many observers expect… Read More

Square Announces Acquisition of Dessa

Payments platform Square recently announced it has acquired Dessa,  which is described as a Toronto-based company building machine learning applications that address significant “real-world challenges” for all types of businesses.  According to Square, the acquisition of Dessa will help the platform further boost its machine… Read More

Cryptographic Settlement Solutions Developer Transparent Financial Secures $14 Million Though Series A Funding Led By Pantera Capital With Participation From Square

Transparent Financial Systems, Inc., a U.S.-based startup that’s developing on-demand, 24/7/365, cryptographic settlement solutions, announced on Wednesday it secured $14 million through its Series A financing round, which was led by Pantera Capital with participation from Square, Inc., Future\Perfect Ventures, IDEO Colab Ventures, Digital Currency… Read More

Square Announces New Instant Transfer Fees

Digital payments service Square recently announced its instant transfer fees will be 1.5% per transfer. Square reported that as of January 7, 2020, the rate for instant and same-day transfers from a user’s Square balance to their bank account is changing to 1.5% per transfer…. Read More

Square Hiring Product Manager, Crypto Investing, to “Grow Adoption”

Square (NYSE:SQ), maker of the popular mobile peer-to-peer payments service Cash App, is hiring a Product Manager to build out Cash App’s cryptocurrency investing services. Cash App’s new Product Manager, Crypto Investing, will focus on growth. The successful candidate will have license to, “own the… Read More

Square Announces Sale of Caviar to DoorDash

Payment process platform Square announced on Friday it has completed the sale of food delivery service, Caviar, to DoorDash. Square reported that Caviar was sold to DoorDash on October 31st for $410 million in a mix of cash and DoorDash stock. “Caviar will be included in… Read More

Square Launches Stock Investing on Cash App

Cash App, a mobile payments app developed by Square (NYSE:SQ) that allows peers to transmit money between cellphones, make retail payments, and cash out via credit card, “Cash Card” or ATM, has added stock trading as a feature. The development was announced October 24th on… Read More

Square Fills Out Crypto “Bitcoin Dream Team” with Three New Hires

Financial services company Square Inc. (NASDAQ:SQ), co-founded in 2009 by Jim McKelvey and Twitter’s Jack Dorsey, has announced three new hires to the company’s Bitcoin-services development division. According to the company, Wallace is a former developer from Lightning Labs, the company behind the Lightning Network,… Read More

Square Now Offering Free EIN Assistant For Small Businesses

Payment process platform Square announced earlier this week its new free tool available to small business owners all over the U.S., the EIN Assistant from Square Payroll.  According to Square, the EIN Assistant simplifies and streamlines the process of filling out the dense, legalese-filled forms required… Read More

Payments Company Square’s Crypto Division Awards $100,000 Grant to BTCPay Foundation

San Francisco-based payments technology firm Square’s Crypto division is giving the first of what will be a series of grants to the BTCPay Foundation, in order to support the development of Bitcoin-related projects. On September 14, 2019, Square Crypto revealed via Twitter that it will… Read More

Mobile Payments Firm Square Is Preparing to Add Stock Trading to Company’s Cash App

San Francisco-based mobile payments company Square is testing a new feature that allows users to trade stocks through the company’s Cash App.  Square’s employees have been testing out the newly integrated feature, according to Bloomberg. Once it has launched, Cash App users will reportedly be… Read More

Report: Jack Dorsey Has No Plans to Issue “Twitter Coin”

Jack Dorsey has reiterated his support for Bitcoin in an interview with The Sydney Morning Herald, and says Twitter has no plans to create a private digital currency for that network. “I think open Internet standards serve every person better than ones controlled or started… Read More

Square Launches New Feature “Orders API” to Enable Developers to Build Solutions for Online Orders

Payment process platform Square announced last week the launch of its new feature, Orders API, According to Square, Orders API enables developers to build solutions that let buyers place orders online, in-person and in-app. “Orders API enables developers to deliver an enhanced experience to merchants as… Read More

Square Announces New Partnership With the Ogden Raptors Offer New Payment Experience at the Ballpark

Payment process platform Square announced last week it has formed a new partnership with the Ogden Raptors, which is a professional minor league baseball team and affiliate of the Los Angeles Dodgers, to provide what it claims to be a faster and more convenient payment… Read More

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