Square
-
Square will apply for an industrial loan company license this week
There’s been a lot of questions about whether or not Square aspires to become a bank. Now that speculation can be laid to rest. Square will file an application to become an industrial loan company (also referred to as industrial banks) with the Federal Deposit Insurance Corporation. Read More
-
PayPal to acquire Swift Financial to bolster small business lending
Global payments processing company PayPal announced this morning that it has agreed to acquire Swift Financial, which provides small business owners with working capital. Terms of the deal were not disclosed, but the acquisition will give PayPal better tools to expand its own Working Capital product. Read More
-
Square continues its stellar stock market run
Square, the payments processing company founded by Jack Dorsey, reported its second quarter earnings after the bell on Wednesday. After beating expectations, the stock quickly went up 4% in initial after hours trading. Square reported revenue of $552 million, when analysts were forecasting $536 million. It’s also up 26% from the same period last year. The company still lost money at… Read More
-
Taxis get Square in DC
Washington, D.C. has taken a step to help the city’s taxis remain relevant and compete with ride-hailing apps like Uber and Lyft. As of August 31, 2017, all taxi drivers in the city will have to make the switch from the old meters we all know and hate to new digital meters with payments powered by Square. Read More
-
A look at Square’s first diversity report and ally training for employees
Square, led by CEO Jack Dorsey, has released its first diversity report, which, not surprisingly, looks very similar to the below-par numbers of other tech companies. But, unlike other tech companies, Square does not “subscribe to a ‘pipeline’ excuse,” the report states. Read More
-
Square up 7% after surpassing quarterly expectations
Square, the payments company founded and run by Jack Dorsey, released its quarterly financial results for the first quarter after the bell on Wednesday. The company beat expectations, bringing in $462 million in revenue, when investors were forecasting $451 million. This is a 22 percent increase from the same period last year. Read More
-
Yik Yak shuts down after Square paid $1 million for its engineers
Yik Yak co-founders Tyler Droll and Brooks Buffington published a farewell note to users on Friday, announcing they would shut down their once-popular anonymous social network this week. The app allowed people to connect with other users within a certain radius, and was widely marketed in and used on college campuses. Read More
-
Square finally opens for business in the UK, its first market in Europe
Almost a year after setting up a UK business entity called Squareup Europe, today the payments company Square is officially opening up for business in the UK, marking its first move into Europe and its fifth country after Canada, Japan, Australia and its home market in the US, with a service that turns ordinary smartphones and tablets into point-of-sale payments devices. Brexit and all… Read More
Latest Crunch Report
-
Square beats the street thanks to growth of new products
While Twitter continues to struggle as a public company, Jack Dorsey’s other business seems to be doing pretty well. Today payments company Square announced earnings, beating the street with a narrower loss than expected — $0.04 per share — on revenues of $452 million for the fourth quarter 2016. Read More
-
Dorsey: Twitter still has “a long way to go”
Twitter co-founder and CEO Jack Dorsey spoke on stage with COO and CFO Anthony Noto at the Goldman Technology Conference in San Francisco on Wednesday. The leaders of the social media giant reiterated Twitter’s mission as a real-time information platform and spoke of its latest accomplishments, but also talked about the challenges of growing what is already a widely-used site. “We… Read More
-
Square for Retail aims to be the only store software most shop owners need
Square has a new approach to retail customers it’s launching today, with a brand new Square Retail app that complements a comprehensive backend package of tools that include complete coverage of inventory management, customer relationship management and employee tools. The new offering is designed to really provide a next-level retail solution for merchants and shop owners who need… Read More
-
Square encourages Apple Pay payments with processing credit
Square partnered with Apple for a promotion when customers use Apple Pay. Starting today, Square merchants won’t pay any processing fee for the first $12,000 in Apple Pay transactions — that represents around $350 in fees. In addition to this promotion, sellers can also get a free marketing kit (with Apple Pay stickers probably) and training materials to tell employees how Apple… Read More
-
Jack Dorsey gets another break with a strong third quarter from Square
While Jack Dorsey’s other company Twitter might be struggling, Square continues on a roll that’s keeping Wall Street happy. There’s going to, as always, be a big question mark for Square because of Dorsey’s tenure at Twitter — which is hardly going well. While the company’s latest quarter showed a flash of optimism, the company’s efforts to close a… Read More
-
Crunch Network
The restaurant table(t) is getting crowded
Many of us have tried new services, like online food ordering, subscription meals and signing with your finger on a tablet-based point-of-sale system; but the reality is that we are still in the early phases of restaurant industry disruption. I believe that’s about to change. Read More
-
Square hopes to ease the EMV transition with faster transaction times
You’ve likely seen the headlines about consumer frustration with the transition to EMV payment cards in the U.S., most of which centers around how long the payments take versus good old-fashioned swiping. Those of us living in countries where EMV has been a fixture for a while might just shrug at this, but not Square: It’s focused on cutting transaction times to alleviate… Read More
-
Square Cash users can now spend their balance with a virtual debit card
Here’s a cool feature from Square Cash – the company launched a virtual card product yesterday, which gives every user a virtual Visa debit card number that they can use to spend their balance anywhere that accepts Visa. This means that you could spend your Square Cash balance on Amazon (or any online shopping site) by simply entering this virtual card number as a payment option. Read More
-
No, really, the headphone jack is more useful than you think!
Apple today announced that the newest generation iPhone will do away with the headphone jack. Obviously sad if you just bought an expensive new pair of headphones, but the interface is used for a lot more than just pumping phat beats down your ear tunnels. From filmmakers to concerned parents, there’s a rich ecosystem of “appcessories” that use the headphone port for… Read More
-
Square brings payment and capital offerings to TouchBistro and Vend customers
Square is turning point-of-sale companies that at one time could’ve been considered enemies into allies, with two new partnerships with Vend and TouchBistro. Square will now offer Vend and TouchBistro‘s restaurant, retail and other business owner clients full access to Square’s platform, including its hardware, payments infrastructure and financial service offerings (like… Read More
-
Jack Dorsey gets a much-needed strong second quarter performance from Square
Jack Dorsey really needs a hit. After Twitter’s weak second-quarter showing, and both stocks not performing well in the past year, Dorsey — as the lead of both companies — needs to show investors his strategies are working (and that he can run both companies). Well, he certainly got one today. Square reported its second-quarter earnings, where it brought in $439 million… Read More
Message Us