Payments Dive

JANUARY 16, 2025

The digital payments provider agreed to pay penalties to the Consumer Financial Protection Bureau and a group of states under settlements that alleged the company violated banking laws.

Blocks 172

Blocks Regulations Settlement Laws 172

Payments Dive

MARCH 30, 2023

The Jack Dorsey-led digital payments company pushed back by underscoring fraud mitigation tactics and account metrics for its Cash App business.

Blocks 168

Blocks Mitigation Digital Payments Accounts 168

Payments Dive

SEPTEMBER 7, 2023

Square’s refocused sales team is a “key investment area for us in the future,” Block executive Amrita Ahuja said Wednesday.

Blocks 107

Blocks 107

Finextra

NOVEMBER 12, 2024

NatWest has banned WhatsApp, Facebook Messenger and Skype on company phones and computers amid concerns about regulatory scrutiny of record keeping.

Blocks 122

Blocks 122

Fintech News

JULY 24, 2024

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. .”

Blocks 95

Blocks Scams Cryptocurrency Payments 95

Fintech News

DECEMBER 3, 2024

Cambodia has intensified its regulatory measures against unlicensed online activities by blocking 102 websites, including 16 crypto exchange platforms such as Binance and Coinbase, Coinspeaker reports. Reports indicate that centralised exchanges account for approximately 70% of crypto transactions in the country.

Blocks 105

Blocks Money Laundering Scams Regulations 105

Payments Dive

FEBRUARY 23, 2024

The bureau has informed the digital payment company it’s weighing legal action related to a Cash App probe.

Legal 139

Legal Blocks CFPB Digital Payments 139

Payments Dive

SEPTEMBER 17, 2024

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

Blocks 87

Blocks Risk Addressing 87

Fintech News

APRIL 22, 2024

Thailand’s Securities and Exchange Commission (SEC), in conjunction with the Ministry of Digital Economy and Society and other relevant agencies, has initiated measures to block unauthorised access to digital asset service providers’ platforms.

Blocks 87

Blocks Law Enforcement Money Laundering Crime 87

Bank Automation

MAY 3, 2024

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 […]

CashApp 78

CashApp Blocks Debit Card Acquirers 78

PCI Security Standards

JUNE 8, 2023

Welcome Block, Inc., In this special spotlight edition of our PCI Perspectives Blog, Chanda Mafuka, Block Security Governance, introduces us to his company and how they are helping to shape the future of payment security. a new Principal Participating Organization (PPO) at the PCI Security Standards Council!

Blocks 92

Blocks Participant Payment Security Governance 92

Fintech Finance

OCTOBER 23, 2024

G2A.COM , the world’s leading marketplace for digital entertainment, has announced it has deployed Forter globally to block fraud and optimise payments for G2A’s 30 million users globally. The post G2A.COM Deploys Forter to Block Fraud and Optimise Payments appeared first on FF News | Fintech Finance.

Blocks 98

Blocks Payments Fraud Prevention APACS 98

Payments Dive

MARCH 29, 2023

Following a controversial short seller’s report, analysts advised digital payments company Block to share more information related to active user numbers and know-your-customer practices.

Blocks 95

Blocks Digital Payments Payments 95

Finextra

MARCH 8, 2024

Sam Altman’s cryptocurrency outfit Worldcoin has been told by Spain to stop collecting and using people's personal data.

Blocks 124

Blocks Cryptocurrency 124

Finextra

JANUARY 16, 2025

Block has been ordered to pay a combined $255 million by state regulators and the CFPB over AML and fraud failures connected to the Cash App.

Blocks 75

Blocks CFPB AML Regulations 75

Finextra

AUGUST 26, 2024

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

Blocks 72

Blocks Credit Cards Transactions 72

Payments Dive

MAY 7, 2024

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.”

Blocks 78

Blocks Debit Card Finance 78

Payments Dive

NOVEMBER 4, 2022

The digital payments company plans to slow the pace of hiring in 2023 as executives aim to rein in expenses.

Blocks 116

Blocks Digital Payments Payments 116

Payments Dive

OCTOBER 5, 2022

The Block-owned buy now-pay later provider is growing beyond its “pay in 4” plans by adding a financing option for pricier purchases.

BNPL 204

BNPL Blocks Finance 204

Fintech Finance

DECEMBER 6, 2024

This Black Friday, Visas network proactively blocked 410% more suspected fraud in the UK compared to Black Friday 2023. Across the whole weekend, the suspected fraud blocked by the network was up 117% compared to last Black Friday weekend. However, as consumers hunted for bargains, fraudsters were also looking for their own payday.

Blocks 98

Blocks Volume Transactions Consumer 98

Payments Dive

SEPTEMBER 25, 2023

The House Financial Services Committee advanced a bill last week that would block the creation of a central bank digital currency.

CBDC 192

CBDC Digital Currency Central Bank Blocks 192

Payments Dive

MARCH 4, 2024

Federal regulators reviewing whistleblower allegations related to Block’s Cash App may act on the complaints this year, predicted an attorney for the complainants.

Blocks 176

Blocks Regulations 176

Payments Dive

SEPTEMBER 18, 2023

Alyssa Henry, CEO of Block’s merchant business Square, will leave the company just days after a service outage left merchant clients unable to process payments.

Blocks 192

Blocks Process Payments 192

Payments Dive

AUGUST 2, 2022

Block acquired Afterpay for what was ultimately $13.9 billion in stock, but a string of fintechs writing down valuations in the face of economic pressures raises the possibility Block will be forced to do the same.

Blocks 166

Blocks Acquirers FinTech 166

Fintech News

SEPTEMBER 2, 2024

Featured image credit: Edited from Freepik The post Singapore Police May Gain Power to Block Scam Transfers Without Victim Consent appeared first on Fintech Singapore. The Ministry is inviting the public to submit their feedback on the proposed bill by 30 September 2024.

Scams 89

Scams Blocks Risk Transactions 89

Payments Dive

MARCH 8, 2024

“We are moving forward as planned to launch the Epic Games Store and bring Fortnite back to iOS in Europe,” Epic said following the change.

Blocks 95

Blocks 95

Payments Dive

JUNE 3, 2024

Block is working to make its peer-to-peer payments tool, Cash App, a consumer app for interacting with merchants using its Square point-of-sale software.

Blocks 164

Blocks Payments Tools Consumer Payments 164

Payments Dive

SEPTEMBER 28, 2023

The billionaire co-founder is likely to focus on large clients, sales strategy and IT issues after he takes over the Block merchant unit next week, analysts predicted.

Blocks 176

Blocks 176

Payments Dive

MARCH 2, 2023

The price increases come as Block’s merchant business faces stiffer competition in the point-of-sale software market.

Blocks 172

Blocks 172

Fintech News

OCTOBER 14, 2024

The Singapore government has blocked NTUC Enterprise ’s proposed sale of Income Insurance shares to Allianz, citing concerns over the structure of the deal. Featured image credit: Edited from Pexels The post Singapore Blocks Allianz’s Bid for Income Insurance Over Public Interest Concerns appeared first on Fintech Singapore.

Blocks 77

Blocks Governance Government Authorization 77

Payments Dive

MAY 24, 2024

Block’s Jack Dorsey wants to improve Cash App’s customer service experience in order to entice more users to make it their primary bank, he said this week.

Blocks 156

Blocks 156

Payments Dive

SEPTEMBER 14, 2023

Block’s mea culpa for outages last week at its merchant unit, as well as its peer-to-peer business Cash App, acknowledged “this situation was made more difficult by our communication.”

Blocks 172

Blocks 172

Finextra

MARCH 21, 2024

The US has filed a lawsuit against Apple, accusing the firm of monopolising the smartphone market through a host of actions, including the blocking of third-party apps from offering contactless payments.

Contactless Payments 140

Contactless Payments Blocks Payments 140

Payments Dive

AUGUST 8, 2023

Card network giant Visa and digital payments company Block are among those tapping artificial intelligence to save money and serve customers in new ways.

AI 148

AI Blocks Payments Digital Payments 148

Payments Dive

APRIL 19, 2022

Startup Stem Disintermedia, which aims to bring its financial payout tools to a broader sector of the music industry, lured investments from merchant payments player Block and the major fintech venture firm QED Investors to fuel its growth.

Blocks 140

Blocks Payments FinTech 140

Payments Dive

FEBRUARY 2, 2024

PayPal, Block and Brex all started cutting employees in January in pursuit of efficiency and profits.

Blocks 116

Blocks PayPal Payments 116

Payments Dive

MAY 24, 2023

The Block business is seeking older, higher-income users as it pursues diversified growth, CEO Jack Dorsey said.

Blocks 126

Blocks 126