Tag: Square | Page 7

New York’s OCC Fintech Charter Lawsuit is Dismissed

As previously reported, last December saw the first public announcement from the Office of the Comptroller of the Currency (OCC) regarding the intent to begin accepting special purpose bank charter applications from fintech organizations. And since then, the response has been a mixed one. Most recently, a New York Department of Financial Services (DFS) lawsuit has been dismissed based largely on a “perceived lack of threat to the DFS’ own regulatory powers.”

WePay and Chase Partnership; First Data and BluePay Acquisition Finalized and Airbnb Launches Split Payments: News Roundup

WePay officially becomes a Chase company while First Data and Bluepay solidify their partnership as well.

Square empowers growing restaurants and Airbnb simplifies split payments.

Here’s your weekly news roundup!

Earnings Review: PFs Report Strong Results in Third Quarter

As PaymentFacilitator.com previously reported, Square released its earnings report last week, again beating analyst expectations. Following on the heels of that report, we take a look at how other companies that have embraced the payment facilitator approach fared during the last quarter.

Payments Innovator Square Targets Larger Sellers with Square Register

New to the point-of-sale (POS) hardware sector is Square Register – a fully integrated and user friendly payment solution targeting larger sellers.

New Partnership for Square, Online Shopping with Venmo: News Roundup

PayPal makes headlines with Venmo and Square partners with SAP, while PPRO Group comes to Atlanta and Apple looks to India. Here’s your weekly news roundup.

Bankers Protest Square Application, MasterCard and PayPal Go Global: News Roundup

MasterCard again partners with PayPal and GoFundMe partners with Adyen, while Blackbaud expands its offerings though JustGiving acquisition and Square receives unfavorable response from the ICBA. Here’s your weekly news roundup.

Square Signals Continued Potential for AI with New Board Member

Square is citing a commitment to continued development and integration of artificial intelligence technologies as a fundamental reason behind its addition of a new member to its Board of Directors.

Square Applies for Banking Charter, Will Other PFs Follow?

As Square evolves its business, it shows other fintech companies what can be done when they think outside traditional payment solutions. So, what does the news last week about the company’s intent to apply for an industrial bank charter forecast for other payment facilitators?

Square Reaches Out to Sellers in a New Way with Brick-and-Mortar Location

As a new company, Square stepped out of the traditional mold to change the way the payments…

Square Disrupts in D.C.

The Washington, D.C., Department of For-Hire Vehicles has tapped leading payment facilitator Square to power an initiative that will move that city’s taxi drivers to a digital platform.

“The for-hire transportation industry has been through disruption with the advent of the e-hailing apps and changing consumer preferences. One of the objectives about what we want to do is to allow the traditional taxi to compete more fairly.”