Block will pay a $40 million penalty over anti-money laundering deficiencies in its Cash App. The New York Department of Financial Services (NYDFS) announced the penalty Thursday (April 10), saying it...
Block’s Cash App is reportedly making progress in its efforts to offer banking services to customers who mostly use the app to make payments. The...
The end of March and the first quarter proved rough sledding for the CE 100 Index, as all pillars slipped through the last full trading...
Financial services company Block has reportedly laid off 8% of its workforce. The job cuts impact 931 people, TechCrunch reported, citing a Tuesday (March 25) email from Block...
Over the past week, the CE 100 Index’s 2.1% rally outpaced its benchmarks, driven by gains across all pillars. Porch Group led advancing names in...
There’s no such thing as a silver bullet. But that hasn’t stopped the payments marketplace from looking for one when it comes to navigating the...
The platforms that have banks embedded in their operations are taking more of their lending activities into a direct model, giving momentum to income streams...
Mobile payments provider Cash App says it has formed a pay later partnership with Afterpay. Beginning this week, Cash App customers will have access to Afterpay’s buy now,...
Block said Thursday (March 13) that its industrial bank, Square Financial Services (SFS), received approval from the Federal Deposit Insurance Corp. (FDIC) to offer the...