Tag: Square


Bank groups spell out payments industry concerns

December 8, 2021

Via: Payments Dive

The Consumer Financial Protection Bureau (CFPB) needs to protect consumers from big technology companies eager to make inroads in the payments processing business, according to comments filed this week with the agency by two bank industry trade groups. The American […]

Activity, Channels, Corporate Banking

How Square’s Afterpay purchase advances its small-business banking goals

August 18, 2021

Via: Payments Dive

Square’s acquisition of buy-now-pay-later (BNPL) firm Afterpay will further entrench the payment provider’s tools with small-business and consumer-banking clients, a move that should concern some traditional financial institutions, industry observers said. The $29 billion deal, which Square announced this month, […]


JPMorgan Chase takes on Square and PayPal with smartphone card reader, faster deposits for merchants

October 21, 2020


JPMorgan Chase is making a play to sell more services to millions of American small business owners, pushing into an area pioneered by fintech firms including Square, PayPal and First Data, CNBC has learned. The bank is rolling out a […]


Square acquires crypto licence in NYC

June 21, 2018

Via: Banking Technology

Square has had its application for a virtual currency licence approved by the New York State Department of Financial Services (NYDFS). Square currently holds a money-transmitter licence from NYDFS. Square intends to implement its Cash App, which provides customers with […]

Capital and Risk, Credit

Millennials Actually Trust Traditional Banks More than Venmo

August 24, 2016

Via: Bank Innovation

No matter what industry you’re in, the chance of success depends on the knowledge and insight you have regarding your customer base, which for both traditional banking institutions and fintech startups means focusing on millennials. The millennial desire for speed, […]