In a major case whose effects could ripple widely across the payments industry, Block Inc. this summer sued Visa Inc. and Mastercard Inc., alleging the global networks worked together to fix interchange fees paid by Block’s Square operation. Square, which processes card transactions for millions of mostly small sellers, pays …
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To Grow Sales, Merchants Are Diversifying Into New Lines of Business, Square Finds
As consumers seek greater value from what they purchase, merchants are responding by diversifying their products and services to know their consumers better and grow sales, research from Square, Block Inc.’s merchant-processing unit, says. One way merchants are engaging consumers on a deeper level is through subscription services, which …
Read More »Eye on Merchants: The Square Go Booking App Debuts; Practice Better Adds Integrated Payments
Block Inc’s Square merchant-processing unit late Tuesday introduced Square Go, a booking app for beauty and personal-care merchants. The app allows consumers to search for, and schedule appointments with, health and beauty merchants locally. The mobile app also suggests merchants based on a consumer’s previous booking patterns. Consumers can receive …
Read More »More Deals Like the Square Card Coming As AmEx Posts Record Quarterly Volume
American Express Co. is working to sign more card deals like the one it has with merchants using Block Inc.’s Square merchant-processing unit, while cardholder spending and revenue for the company have rebounded to hit record quarterly highs, top executives for the travel-and-entertainment giant said early Friday. The good news …
Read More »Square’s AmEx Card Expands its Banking Reach; PayPal’s Tap to Pay Arrives; DoorDash Adds EBT Payments
Square Unveils Its AmEx Card for Merchants as Part of Its Banking Expansion
Fulfilling a promise it made seven months ago, Block Inc.’s Square merchant-acquiring unit on Wednesday announced it will offer an American Express-branded credit card to its sellers that gives rewards in the form of lower processing costs. Square also announced several enhancements to its financial services to get more of …
Read More »Paysafe Gains Momentum; Square Cooks up a Restaurant Update; ACI Completes FedNow Certification
Square Launches Square KDS in a Move to Gain More Restaurant POS
Square, the point-of-sale and e-commerce unit of Block Inc., is the latest technology provider to turn up the heat in the already hotly competitive restaurant POS market. It announced Tuesday the launch of Square KDS, a kitchen-display system on the Android operating platform, and the debut of Square for Franchises, …
Read More »FedNow’s Marathon; Square Adopts Tap to Pay for Android; Darwinium Evolves to San Francisco
Square Launches Tap to Pay for Android in the United States And Five Other Markets
Square, the point-of-sale and e-commerce unit of Block Inc., Wednesday announced the launch of Tap to Pay on Android for merchants in the United States, Australia, Ireland, France, Spain, and the United Kingdom. The technology will enable Square merchants to accept contactless payments with a compatible Android device, such as …
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