Bank Automation

APRIL 10, 2025

The New York Department of Financial Services issued the fine after an investigation found Block had failed to conduct adequate due diligence on its […] The post Jack Dorseys Block to pay New York $40M in Cash App settlement appeared first on Bank Automation News.

Blocks 52

Blocks Settlement Due Diligence Money Laundering 52

Payments Dive

NOVEMBER 3, 2023

The company plans to cut about 8% of its workforce over the next year as Jack Dorsey steps up his efforts to improve efficiency and revive profits.

Blocks 213

Blocks 213

TechCrunch Fintech

JANUARY 30, 2024

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

Blocks 142

Blocks FinTech 142

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 120

Blocks Scams Cryptocurrency Payments 120

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 113

Blocks Law Enforcement Money Laundering Crime 113

Fintech News

DECEMBER 17, 2024

Visa announced that its fraud prevention system blocked nearly 85% more suspected fraudulent transactions globally this Cyber Monday compared to the same day last year. Paul Fabara Last year alone, Visa blocked US$40 billion worth of suspected fraudulent transactions globally. Although crooks are using AI more and more, so are we.

Fraud Prevention 111

Fraud Prevention AI Account Takeovers Blocks 111

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 169

Blocks Mitigation Digital Payments Accounts 169

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 109

Blocks 109

Payments Dive

MARCH 7, 2024

“Apple is trying to cynically kill off developers that stand up to them,” Epic Director of Public Policy Leo Rees said Wednesday.

Blocks 167

Blocks 167

Payments Dive

MARCH 17, 2025

The company says new consumer loans to be made by its Square unit through the digital wallet are a less expensive alternative to predatory short-term financing.

Blocks 167

Blocks Finance Consumer 167

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

Bank Automation

APRIL 3, 2025

and Discover Financial Services cleared a major regulatory hurdle as the US Justice Department told financial regulators in a confidential memo that it didnt have sufficient evidence to block the transaction. The proposed $35 billion merger between Capital One Financial Corp.

Federal Reserve 97

Federal Reserve Blocks Automation Regulations 97

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 174

Blocks Regulations Settlement Laws 174

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 88

Blocks Risk Addressing 88

Fintech News

JANUARY 13, 2025

Alterya, which launched in stealth mode, has collaborated with cryptocurrency exchanges like Binance, Coinbase, and Block, along with financial institutions, to monitor over US$8 billion in monthly transactions across crypto and fiat systems.

Fraud Detection 122

Fraud Detection AI Acquirers Web 3.0 122

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

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 105

Blocks Governance Government Authorization 105

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 111

Scams Blocks Risk Transactions 111

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 140

Legal Blocks CFPB Digital Payments 140

Finextra

MARCH 26, 2025

US fintech Block is laying off 931 staff and closing 748 open roles, as the mobile payments and POS company undergoes a major reorganisation.

Blocks 69

Blocks Mobile Payments FinTech Payments 69

Payments Dive

APRIL 9, 2025

The measure revoking the bureau’s oversight of large technology payments players, such as Google and Block, passed on a straight party-line vote.

CFPB 173

CFPB Rules Blocks Payments 173

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

Payments Dive

MARCH 27, 2025

The job cuts appear aimed at making the company more efficient, according to TD Cowen analysts.

Blocks 88

Blocks 88

Fintech News

OCTOBER 28, 2024

This project serves as a critical building block for further advancements in cross-border payments. We have successfully demonstrated a potential solution to address key challenges with existing compliance processes, unlocking the pathways for faster, more secure, and efficient international transactions.

Cross-Border 126

Cross-Border Compliance Cross-Border Payments Automation 126

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

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

MARCH 24, 2025

The Wall Street Blockchain Alliance (WSBA), a leading nonprofit trade association dedicated to promoting the adoption of blockchain technology and cryptoassets in global markets, is pleased to welcome Block, Inc. as its newest corporate member.

Blocks 59

Blocks Blockchain Technology 59

Payments Dive

APRIL 11, 2025

The payments technology company agreed to pay the fine under a consent order to settle allegations related to lax oversight of its Cash App payments tool.

Blocks 97

Blocks Payments Tools Technology Payments 97

Finextra

APRIL 10, 2025

Block will pay a $40 million penalty to New York regulators for "significant failures" in anti-money laundering programme and virtual currency compliance failures on its Cash App platform.

Blocks 59

Blocks Money Laundering AML Compliance 59

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 193

CBDC Digital Currency Central Bank Blocks 193

Payments Dive

FEBRUARY 21, 2025

The buy now, pay later product Afterpay became available to eligible cardholders in 20 states Tuesday.

Debit Card 124

Debit Card Blocks Product 124

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 193

Blocks Process Payments 193

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 167

Blocks Acquirers FinTech 167

Payments Dive

MARCH 31, 2025

The buy now, pay later industry sued to block the consumer-friendly rule, arguing that the services are not the same as those offered via credit cards.

Rules 151

Rules CFPB BNPL Blocks 151

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 165

Blocks Payments Tools Consumer Payments 165

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 177

Blocks Regulations 177

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 178

Blocks 178