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December 15, 2022

On the wires

Prizeout Expands Brand Offerings with Launch on Square App Marketplace

GlobeNewswire News Room

“Prizeout Corp., an innovative adtech company that works to turn withdrawals into a growth solution for eCommerce and retail businesses, has announced its integration with Square, the globally trusted software and hardware and payments company. As part of the Square App Marketplace, Prizeout’s integration works seamlessly across all stores running a Square Online site. Square sellers can connect their Square account to Prizeout and seamlessly turn their eGift cards into an invaluable tool to spur customer growth and retention. Participating Square sellers can create a campaign directly from the Prizeout Dashboard, allowing them to customize their demographic targeting and develop efforts to fit their marketing goals. Within these campaigns, they can offer bonus incentives to targeted user segments as they see fit.”

November 16, 2022

On the wires

American Express and Square Partner to Create First Credit Card for Square Sellers

Businesswire

“American Express and Square announced an expansion of their relationship and plans to launch a new credit card built specifically for Square sellers on the American Express network. The new card will be the first credit card Square offers to its community of small business owners in the U.S. It will integrate directly with Square’s broader ecosystem of solutions, empowering sellers to organize their finances and manage their cash flow from the same platform they use to run their business.”

September 27, 2022

On the web

Visa and Square Deliver Faster Transfers to Canadian Businesses

Newswire

“Visa, one of the world’s leaders in digital payments, has announced its participation in the Canadian expansion of instant transfers, Square’s solution for rapid merchant settlement. Square’s instant transfers are enabled by Visa Direct, a VisaNet processing capability helping transform global money movement and enables real-time2 funds delivery directly to financial accounts using eligible card credentials.” Square’s instant transfers allow businesses to access their funds quicker than the next business day, typically the current default setting for Canadian businesses. With instant transfers, Square merchants can link an eligible debit card and start transferring funds instantly to an external bank account with the click of a button.”

August 23, 2022

On the web

Square Sellers Across the UK Can Now Offer Buy Now, Pay Later Through Clearpay

GlobeNewswire News Room

“Today, Square launches its first integration with Clearpay in the UK, providing “Buy Now, Pay Later” (BNPL) functionality to sellers across online and in-person commerce. This marks another key milestone in the global integration of Clearpay (known as Afterpay outside the UK and Europe) following the acquisition of Afterpay by Block, as the UK will be the first market to launch BNPL available across all platforms at the same time, including in-store, online and can also be integrated by Square’s developers and partners.”

June 2, 2022

On the web

Square’s Payment App Will Support Tap to Pay on iPhone Later in 2022

AppleInsider

“Square has announced that it will bring Tap to Pay on iPhone support to its existing point of sale app, allowing users to receive contactless payments without any additional hardware.   The feature, which Apple announced in February, essentially allows users to turn an iPhone into a contactless payment terminal. Now, Square says it’s bringing support for the feature to its iOS app. Square says that the new feature will launch later in 2022, but it is debuting an early access program for select merchants starting Tuesday.  At launch, Apple said that Stripe would be an early partner adopting Tap to Pay on iPhone when it’s widely launched.”

May 23, 2022

On the web

How Jack Dorsey’s Cash App Plans to Become a Super App

Charged

“Jack Dorsey’s Cash App plans to be come a super app in order to rival PayPal as it aggressively integrates its buy now, pay later (BNPL) subsidiary Afterpay. Block, formerly Square, executives outlined the plan to investors at an event on Wednesday. The plans involved fully integrating buy now, pay later provider Afterpay into the company’s “ecosystem of ecosystems” and greatly expand Cash App’s capabilities as it races against other payments providers to become a super app, according to Business Insider. Cash App’s co-creator Brian Grassadonia, wanted to expand the app’s shopping and discovery features, alongside Afterpay cofounders Nick Molnar and Anthony Eisen.”

May 18, 2022

On the web

Square Acquires GoParrot to Offer Advanced Capabilities for Restaurants

Square

“Square has acquired GoParrot, an all-in-one digital ordering and marketing platform for restaurants. GoParrot enables restaurants to connect more easily and directly with customers through powerful omnichannel software. As a long-time Square partner, GoParrot’s products already integrate with Square’s ecosystem of solutions. With GoParrot, Square sellers can offer an exceptional customer experience with a customizable white-label app that merchants can design to be unique to their brand. Through the app, buyers can seamlessly place orders while also viewing top selling items and deal popups for enhanced personalization. Restaurants can also increase buyer retention by offering consumers an easy way to track loyalty rewards right from their mobile device.”

May 17, 2022

On the wires

Square Expands Afterpay Integration to In-Person Points of Sale

“Today, Square marks another key milestone in its integration of Afterpay, extending buy now, pay later (BNPL) functionality to its millions of in-person sellers in the United States and Australia. Just three months after first bringing Afterpay into the Square ecosystem with e-commerce integration, Square and Afterpay moved swiftly to unlock the ability for sellers using any Square point of sale software – Square Point of Sale, Square for Retail, Square Appointments, or Square for Restaurants – to now offer Afterpay across online and in-person commerce.”

April 29, 2022

On the web

Launch of Square Loans Offers Quick, Simple Access to Funds for Canadian Businesses

Businesswire

“Today, Square announced the launch of Square Loans in Canada, giving small businesses quick and simple access to funds and eliminating another major pain point associated with running a business.  By using transaction data, Square Loans proactively surfaces customized offers to eligible sellers, providing them with a straightforward application process, where no paperwork is needed, and delivering funds as soon as the next business day. Businesses have one clear, upfront loan fee, which is automatically paid back as a set percentage of daily card sales with Square — so sellers pay back more when sales are strong and less during slower times. The loan fee never increases for the seller, so the amount they owe is always clear.”

April 5, 2022

On the web

Block Says Ex-Worker Downloaded Cash App Customer Data – Law360

law360

“Financial technology giant Block Inc. disclosed in a securities filing Monday that a former employee downloaded brokerage account information from its subsidiary Cash App without permission, saying it had notified 8.2 million customers about the security incident. Block said the information included names, brokerage account numbers — which are associated with a user’s stock activity on Cash App Investing — and, for some, brokerage portfolio value, brokerage portfolio holdings and stock trading activity for one trading day.”

March 10, 2022

On the wires

January 25, 2022

On the wires

December 16, 2021

On the wires

H&R Block Files Trademark Infringement Lawsuit Against Block, Inc. (Formerly Square, Inc.)

“H&R Block (NYSE: HRB) (“Block”), a leader in tax preparation and other financial services, has filed a lawsuit against Block, Inc., formerly known as Square, Inc., seeking to enjoin the latter’s infringement of Block’s family of trademarks. The goodwill and brand identity that Block has carefully cultivated and nurtured over the last 65 years is under attack by the Silicon Valley fintech company, which announced plans on December 1, 2021 to rebrand as Block, Inc.”

November 18, 2021

On the wires

Marqeta Teams Up With Square To Power Canadian Expansion of Square Card

Marqeta (NASDAQ: MQ), the global modern card issuing platform, today announced it has powered the launch of Square Card in Canada to help small business owners better manage their finances and cash flow. With the Marqeta modern card issuing platform, Square was able to scale its existing U.S. card program and expand it into the Canadian market, making it available for Square sellers of all types and sizes across the country.”

November 3, 2021

On the wires

LegalZoom Partners With Square to Offer Payment Solution to Small Businesses

LegalZoom.com, Inc. (NASDAQ: LZ), a leading online platform for legal, compliance and tax solutions, has partnered with Square to provide small business owners across industries best-in-class POS payment software and versatile operations management tools to support the growth of their business. This partnership will allow LegalZoom customers to access and receive preferential pricing on offerings available with Square the moment they form their business.”

October 29, 2021

On the web

Square Inc.’s CFO Talks Bitcoin, Afterpay and Cash App

Wall Street Journal

“Square Inc. started out in 2009 as a payment-services provider, enabling small businesses to process card payments with inexpensive white card readers and tablets. Since then, the Jack Dorsey-led company has added more services for businesses, a digital-payments service for consumers known as Cash App, a payments platform for artists and a developer platform that plans to build a decentralized bitcoin exchange.”

October 20, 2021

On the wires

Square Loyalty and Square Marketing Launch for UK Businesses

“Square has announced two new tools in the UK to help businesses grow their sales and engage customers with just a few clicks. The two tools, Square Marketing and Square Loyalty, are now available as separate subscriptions for UK businesses of all types and sizes…Businesses can also now build a loyalty program in minutes with the launch of Square Loyalty. This new to market tool can help turn one-time visitors into regulars and increase repeat visits. It’s easy to set up a customised loyalty program that rewards customers both in-store and online.”

October 4, 2021

On the wires

Square and TikTok Partner to Help Businesses Expand Their Reach Online

“Today, Square and TikTok announced a new integration that will make it easy for sellers of all types and sizes to reach new customers and grow their sales online. Square x TikTok enables sellers to send fans directly from TikTok videos, ads, and shopping tabs on their profiles to products available in their existing Square Online store, providing a streamlined shopping experience that retains the look and feel of their personal brand.”

September 16, 2021

On the wires

Square Announces Early Access Program to Its Product Ecosystem for Spanish Businesses

Square , the globally recognized software, payments, and hardware solution for all types of businesses, today announces the launch of its Early Access Program in Spain. The service, which is now available for beta-testing in Spain, offers exclusive access to an integrated set of omnichannel tools for businesses and freelancers to sell and deliver their services more easily, both in-store and online.”

September 15, 2021

On the web

September 13, 2021

Top Post

Square Offers Sellers and Consumers a New Checkout Experience With Cash App Pay

Square

“Starting today, Square sellers will be able to accept payments through Cash App Pay, a new contactless payment method for both online and in-person transactions. With Cash App Pay, consumers can seamlessly pay with their Cash App account at participating Square sellers. For both in-person and online transactions, customers simply scan a seller’s QR code at checkout, or click a button on their mobile device for a payment process that is fast, elegantly designed, and more secure.”

September 2, 2021

On the wires

Shopistry Teams With Square, Bringing Headless Commerce to Merchants Across Channels

“Shopistry, a leading headless commerce platform for fast-growing digital-first brands, today announced a new integration with Square enabling merchants to easily launch custom commerce experiences, including web stores and mobile apps, fully integrated with Square Online and Square Payments. Now a member of the Square Solutions Partner Program and available in the Square App Marketplace, Shopistry enables growing brands the creative freedom and features to launch engaging web, mobile, and omnichannel experiences with modern capabilities out of the box.”

July 20, 2021

Top Post

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 expand access to financial tools for underbanked populations and marks the beginnings of the company’s journey to provide more banking solutions to small businesses…Square Banking consists of three core products designed to help small business owners confidently manage cash flow stress: two new deposit accounts, Square Savings and Square Checking, join Square’s existing lending capability, now called Square Loans. By offering essential banking tools that work seamlessly with Square’s ecosystem of solutions like payments and Square Payroll, sellers now have a single home for their entire business, gaining a unified view of their payments, account balances, expenditures, and financing options.”

July 15, 2021

On the web

Square Building New Bitcoin-Inspired Financial Services Business

Bloomberg

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 long been interested in transforming Square into a broader organization with a number of standalone units.”

July 14, 2021

On the wires

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 tools offered through Team Management , better positioning the company to meet the needs of larger, more complex sellers.”

July 13, 2021

On the web

Square Plans New iPad Payment Terminal With Built-In Tap-to-Pay

Bloomberg

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 tap-to-pay technology into the terminal itself, making the process more seamless. Evidence of the upcoming Square Stand is buried deep inside the company’s iPhone and iPad app.”

July 9, 2021

On the web

Square Plans to Make Hardware Wallet for Bitcoin

Reuters

“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 and sold for traditional currencies or other virtual coins.”

July 8, 2021

On the wires

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 sizable increase in sign-ups from beauty and personal care businesses, up 296% year-to-date from January 2021 to May 2021.

Commissions: Businesses can now set commission rates for retail items and services that are automatically uploaded to Square Payroll, removing manual work and saving merchants time.”

July 6, 2021

On the wires

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 its kind.”

June 11, 2021

On the wires

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 the company’s purpose of economic empowerment at the forefront, in 2019 Square began dedicating deposits to Community Development Financial Institutions (CDFIs) and Minority Depository Institutions (MDIs) in communities around the country. The $100 million of investments announced in September 2020 was a continuation of Square’s commitment to increasing access to financial services.”