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A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.
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February 12, 2026
On the web
Cash App to Sell Its Credit Score
Yahoo Finance - Payments Dive
"Digital payments company Block is working to expand the reach of its internal Cash App credit scores, betting that lenders will pay for more data about non-traditional payments and installment loans. A company spokesperson said Block will charge for the scores, but declined to reveal pricing."
February 11, 2026
On the web
Jack Dorsey’s Cash App Eliminates Fees on Large Bitcoin Purchases and Recurring Buys
Crypto Briefing
"Jack Dorsey-backed Cash App is eliminating fees on Bitcoin purchases exceeding $2,000 and all recurring buys, according to a recent announcement. The policy change, which targets both transaction fees and spreads, is part of a set of Bitcoin-focused updates aimed at making the leading digital asset more practical for everyday use, the team stated."
February 5, 2026
On the web
Block Expands OpenIP with Bitkey and Proto Patents: Advancing Open Hardware Innovation
Block
"Block announced the expansion of Block's OpenIP initiative to include patents related to Bitkey, our bitcoin self-custody hardware wallet, and Proto, our brand of bitcoin mining products and services, furthering our commitment to open innovation in hardware development. This expansion builds on our initial OpenIP announcement from October 2025, where we established our approach to intellectual property that puts builders first."
January 20, 2026
On the web
Block, Inc. Surpasses $200 Billion in Credit Provided to Customers, Continuing to Address Global Lending Gaps
Block, Inc.
"Block, Inc. announced it has provided access to more than $200 billion to customers in global lending across its portfolio of credit products, including Cash App Borrow, Afterpay, and Square Loans.¹ Through this work, Block is proving that with the right technology, inclusive lending and responsible risk management aren't opposing forces; rather, they're the foundation of sustainable credit for the next generation."
January 15, 2026
On the web
Afterpay Data Reveals 96% of U.S. Customers Paid Off Black Friday Cyber Monday Purchases Early or On Time
Block
"Afterpay announced that 96% of its U.S. Pay-in-4 customers who shopped during the 2025 Black Friday and Cyber Monday period paid off their purchases early or on time. The data reflects a broader trend of consumers using Afterpay as a tool to manage holiday spending responsibly—without the burden of interest charges or revolving debt that often accompany traditional credit card purchases."
December 2, 2025
On the web
Block Processes 124 Million Transactions as Americans Shop Local This Black Friday, Cyber Monday
Block
"Block, Inc. released its Black Friday, Cyber Monday results, revealing a shift toward local spending as Americans focus on neighborhood economies. Data indicates Block handled more than 124 million transactions across Square, Cash App, and Afterpay over the four-day shopping period, reflecting a 10% increase from last year."
November 25, 2025
On the web
Cash App Debuts a New AI Assistant That Answers Questions About Your Finances
TechCrunch
"Cash App released a slate of new features as part of its fall update, including an AI chatbot that can answer questions about users’ finances, a new benefits program, and the ability to discover places that accept Bitcoin payments and make Bitcoin payments using USD."
November 19, 2025
On the web
Cash App Score Pilot Launches Utilizing Near Real-time Data
Block
"Cash App, a part of Block, Inc., announced a pilot program that gives select customers visibility into their Cash App Score, a near real-time measure of a Cash App customer’s financial health. The experience shows customers the score that informs their access to Cash App Borrow and empowers them to better understand how their everyday Cash App financial activity influences the score. Customers are then able to take actions within the app to strengthen their Score."
Afterpay and Cash App Bring Pay Over Time to Anywhere Visa® is Accepted
Block
"Cash App announced the upcoming pilot launch of Afterpay on Cash App Card, a new feature that allows eligible Cash App Card holders to turn their upcoming online or in-store transaction into a pay-over-time purchase anywhere Visa is accepted, through the issuance of a new Visa Debit Flex Card. This launch will unite Cash App Card features like no hidden fees, fraud protection, and custom weekly offers with a new pay-over-time option through one new intuitive card."
November 18, 2025
On the web
Cash App Debuts a New AI Assistant That Answers Questions About Your Finances
TechCrunch
"Cash App released a slate of new features as part of its fall update, including an AI chatbot that can answer questions about users’ finances, a new benefits program, and the ability to discover places that accept Bitcoin payments and make Bitcoin payments using USD. The company is launching an assistant called Moneybot that can answer questions about spending patterns and income, and provide insights for maintaining savings and setting aside money for investments."
On the wires
Block Launches 'Bitcoin is Everyday Money' Campaign, Calls for De Minimis Tax Reform
Business Wire
"Block, Inc. launched "Bitcoin is Everyday Money," a campaign advocating for a de minimis tax exemption that would modernize how bitcoin is treated under U.S. tax law. Nearly 50 million Americans currently own bitcoin. Starting November 10, 2025, millions of Square sellers in the U.S. became eligible to accept bitcoin at the point of sale. Today, under current tax rules, bitcoin is classified as property, meaning every purchase - from a cup of coffee to a group dinner - could trigger a taxable event."
November 13, 2025
On the wires
Introducing Cash App Releases: See What’s New
Business Wire
"Cash App has rolled out 11 product updates and made more than 150 improvements to meet the way that millions of people earn, manage, and share money. The brand’s first-ever bundled release includes more flexible banking* benefits, AI-powered navigation, the ability to send and receive stablecoins, and more - all underpinned by robust safety features"
November 11, 2025
On the web
Jack Dorsey's Block Enables Bitcoin Payments for Millions of Square Sellers
Decrypt
"Block, the payments infrastructure firm led by Jack Dorsey, has enabled Bitcoin payments for 4 million merchants globally using the Square Bitcoin feature of its point-of-sale platform. The integration allows merchants to accept Bitcoin at checkout with instant settlement via Bitcoin’s Lightning Network, with no fees until 2027. Sellers can automatically convert a portion of their daily card sales into Bitcoin as well."
October 14, 2025
On the web
Block’s New Payments Push Takes Direct Aim at Credit Card Network Fees
Card Rates
"Financial services provider and technology company Block is making a push to motivate more merchants to use its services ahead of the annual surge in spending that occurs over the holiday season. The company is offering merchants a 1% rate for payment processing charges on all orders that users place via Block’s Cash App tool, according to a recent Bloomberg report. The company is also introducing solutions that help merchants extend rewards to customers and accept payments shoppers make in Bitcoin."
September 10, 2025
On the web
Empowering the Next Generation: How Cash App Is Building Safe Financial Access for Teens
Block
"Cash App's teen product goes beyond basic banking. Access to a broad suite of financial products helps teens build practical financial experience in a controlled environment. With sponsorship, teens aged 13-17 can: send and receive money with other teens and verified adults; use a customizable debit card; build savings; start investing in stocks and bitcoin; manage direct deposits from jobs; deposit cash when needed."
August 14, 2025
On the web
Block Unveils Proto Rig and Proto Fleet, Marking a New Era in Bitcoin Mining
Block
"Block, Inc. unveiled Proto Rig, a first-of-its-kind modular bitcoin mining system, and Proto Fleet, a free and open-source fleet management software. The announcement, made during an event held at Proto customer Core Scientific's facility in Dalton, GA, where Proto Rigs are mining as part of their fleet, represents a significant step toward decentralizing bitcoin mining hardware, opening access to more builders, and increasing network resiliency."
July 29, 2025
On the wires
Cash App Launches Pools for Group Payments
Business Wire
"Cash App announced the launch of pools, a new peer-to-peer payment feature that enables group payments with just a few taps. From friends planning their next big vacation to coworkers chipping in for a colleague’s wedding gift, Cash App pools make it easy to manage payments and track shared goals in one place. Pools supports contributions directly through Cash App as well as via Apple Pay and Google Pay. Pools are currently available to a select group of Cash App customers, with broader availability planned in the coming months."
July 25, 2025
On the web
Square Launches Data Driven Cash Advances In The UK
Block
"Square announced the launch of Square Cash Advance in the UK, meaning businesses can access simple funding to grow their business and keep operations running smoothly. Whether a restaurant owner, retail merchant, or beauty salon, fast and easy access to funds helps sellers manage daily expenses without delay and with no interest – just a simple, upfront funding cost."
May 21, 2025
Top Post
Block's Modern Approach to Credit: Expanding Access While Managing Risk
Block
"The traditional credit system isn’t built for today's economy. It relies on outdated data, excludes millions of creditworthy people, and often penalizes those trying to build financial health. At Block, we're taking a different approach — one that uses near real-time data and innovative technology to expand access to credit responsibly."
May 16, 2025
On the web
Sound Investments: New Survey from Cash App Shows How Gen Z Is Turning It Up—and Shelling Out—for Live Music This Summer
Block
"This summer, nearly everyone’s favorite artist or band is hitting the road—and Gen Z doesn’t plan on missing a single beat. According to a new survey from Cash App, Sound Investments: The Impact of Concert Culture on Gen Z’s Wallets, Gen Z Americans are gearing up for their most event-filled summer yet–with 38% saying they’ll socialize more than in past years–and the headlining act of the season is concerts and live music."
May 9, 2025
On the web
Cash App Pay Hooks up With Domino’s as Its First Ever Us Wide Pizza Restaurant Partner
Retail Technology Innovation Hub
"Cash App has announced a partnership with Domino’s, marking one of the first restaurant tie ups for Cash App Pay. The latter lets people pay for purchases either by scanning a QR code or by tapping Cash App Pay at checkout to be redirected to Cash App. It is available when you shop online or in person at Square sellers and select third party merchants."
May 2, 2025
On the web
Venmo Gaining Ground in Payments as Cash App Struggles [Video]
CNBC
"In the increasingly crowded market for peer-to-peer payments, Venmo is showing momentum while Cash App has hit a rough patch. The parents of both businesses reported quarterly results this week. PayPal, which owns Venmo, reported an earnings beat and kept its forecast for the year. Block, meanwhile, plummeted in extended trading on Thursday after the Cash App parent missed on revenue and issued disappointing guidance. "
April 16, 2025
On the web
Cash App Statistics And Facts (2025)
Electro IQ
"Block, Inc. (formerly Square) had developed Cash App, which quickly established itself as a main player in the digital finance sphere. Operational since 2013, the app has diversified into investing, Bitcoin transactions, and banking features in addition to P2P payments. The momentum maintained by Cash App during the year 2024 sees further measurable growth in its user base, revenues, and financial services."
April 10, 2025
On the wires
Cash App Owner Block Pays $40 Million Fine to New York Over Compliance Failures
Reuters
"Block will pay a $40 million civil fine and hire an independent monitor to settle charges by New York's financial services regulator that it failed to adequately police and stop money laundering on its Cash App mobile payment service. New York's Department of Financial Services faulted "critical gaps" in the Bank Secrecy Act, anti-money laundering and know-your-customer programs at Block, led by Twitter co-founder Jack Dorsey and formerly known as Square."
March 17, 2025
On the wires
Cash App Begins Roll Out of Afterpay’s Pay Over Time Offering at Hundreds of Thousands of Merchants
Business Wire
"Starting this week, eligible Cash App customers will begin to have access to Afterpay’s leading pay over time products when shopping online at partner merchant sites. Cash App and Afterpay, part of Block, Inc., have debuted an evolved brand, Cash App Afterpay, with a new logo for their checkout to expand access to a seamless Pay Over Time experience connecting with thousands of merchants."
March 14, 2025
Top Post
Square Financial Services, Inc. Receives FDIC Approval to Offer Consumer Loan Product Cash App Borrow
Business Wire
"Block, Inc. announced its industrial bank, Square Financial Services, Inc. (SFS), has received approval from the Federal Deposit Insurance Corporation (FDIC) to begin offering the consumer loan product Cash App Borrow. The expansion of Square Financial Services, Inc. to offer small, easy-to-repay consumer loans to Cash App customers will continue to drive economic empowerment to consumers."
January 16, 2025
On the web
CFPB Orders Operator of Cash App to Pay $175 Million and Fix Its Failures on Fraud
Consumer Financial Protection Bureau
"The Consumer Financial Protection Bureau (CFPB) ordered Block, the operator of the peer-to-peer payments app Cash App, to refund and pay other redress to consumers up to $120 million and pay a penalty of $55 million into the CFPB’s victims relief fund."
January 15, 2025
On the web
U.S State Regulators Fine Block Inc $80 Million for Insufficient Money Laundering Controls
Yahoo Finance
"Block Inc has agreed to pay a fine of $80 million to a group of 48 state financial regulators after the agencies determined the company had insufficient policies for policing money laundering through its mobile payment service, Cash App."
December 19, 2024
On the web
Debit Surcharge Ban Unfairly Favours Major Banks, Claims Square [Australia]
Australian Financial Review
Jack Dorsey’s Block has undermined federal Labor’s proposed ban on debit card surcharges warning that it will simply entrench the dominance of the big four banks in the area of payments, making fee bundlers like Block’s Square less competitive.
February 16, 2024
Top Post
Federal Regulators Are Probing Whether Cash App Leaves Door Open to Money Launderers, Terrorists
NBC News
"Federal financial regulators are exploring allegations by two whistleblowers that Cash App, the popular mobile payment platform, and entities providing transaction services to its users performed inadequate due diligence on customers, potentially opening the door to money laundering, terrorism financing and other illegal activities."
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