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Block cuts employees

Payments Dive

Jack Dorsey-led Block is the latest payments company to make staff cuts and pull back on hiring as it pursues profitable growth.

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Block shuffles leadership, creates chief risk officer role

Payments Dive

Block will move several longtime executives into different positions and create a new role to address customer safety, the company said Monday.

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Block becomes the latest fintech to lay off workers

TechCrunch Fintech

Block, the fintech company whose subsidiaries include Square, Cash App and Afterpay, is laying off staff at a tumultuous time for tech industry workers.

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AIB introduces voluntary gambling block

Finextra

AIB is the latest bank to introduced a voluntary block feature on debit and credit card transactions linked to gambling.

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HSBC Australia to Block Payments to Crypto Exchanges from July 2024

Fintech News

HSBC Australia will automatically block all payments to cryptocurrency exchanges, starting in July 2024. This measure means any attempt to transact with these exchanges using HSBC accounts or cards will be blocked, and the funds will remain in the customer’s account. .”

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Block shares CashApp, Afterpay integration update

Bank Automation

Block’s Cash App profit and number of users grew in the first quarter as the payments provider integrated buy now, pay later provider Afterpay. Block, formerly Square, acquired Afterpay in August 2021 for $29 billion but it has had issues integrating the solution with its Cash App Card debit card, Chief Executive Jack Dorsey said […]

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Block integrates Afterpay with Cash App card

Payments Dive

The test offering provides buy now, pay later financing to a limited number of users of Block’s Cash App debit card for “a small fee.”

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