Finextra

Payment Orchestration: building blocks for a great performance

In the rapidly evolving landscape of digital commerce, managing payments efficiently and effectively has become a critical challenge for businesses. Payment Orchestration Platforms (POPs) have emerged ...

Block, Uber in Global Payment Partnership

Block Inc. said it has entered into a comprehensive global partnership with Uber Technologies to transform restaurant operations and launch Cash App Pay. Block said its Square technology will ...
AOL

Block agrees to pay up to $120 million in refunds to resolve Cash App fraud

On Thursday, the Consumer Financial Protection Bureau announced a massive $175 million settlement with Block, the publicly traded financial conglomerate led by Jack Dorsey. The government agency ...
GCN

Block, the parent company of Cash App, must pay $120 million to its users, according to CFPB

Last week, an independent federal agency known as The Consumer Financial Protection Bureau (CFPB) has issued an order for the parent company of Cash App, Block, to refund $120 million to Cash App ...
American Banker

Dorsey shakes up Block management to boost sales and innovation

When Block paid $29 billion for Afterpay in 2021, it enabled the payments company to ride the coattails of buy now/pay later lending. Three years later, the acquisition is also contributing to a much ...
Hosted on MSN

Block launches Bitcoin proof-of-reserves, boosts payment tools

Block has introduced proof-of-reserves for its Bitcoin holdings and expanded crypto payment features across Cash App and Square, aiming to boost transparency and adoption. The move comes as small ...
The Motley Fool

Block Got Its Start Selling Payment-Processing Hardware, but That's Now Less Than 1% of the Business. You'll Never Believe What Its Top Revenue Stream Is Now.

Block is willing to lose money with certain revenue streams that are focused on customer acquisition. The company can benefit over the long term with high-margin services and subscription products.
Digital Transactions

Block Agrees to Pay CFPB Fines Over Cash App’s Alleged Sloppy Fraud Prevention

Block Inc. reached an agreement with the Consumer Financial Protection Bureau early Thursday under which it will pay up to $175 million in restitution for what the CFPB claims were sloppy and ...
Bloomberg L.P.

Jack Dorsey’s Block to Pay New York $40 Million in Cash App Settlement

Block Inc., the digital payments firm founded by billionaire Jack Dorsey, was fined $40 million by New York for alleged anti-money-laundering inadequacies and cryptocurrency compliance failures on its ...
Business Insider

Here's what payment companies like Visa, Block, and PayPal are paying AI workers to combat fraud and improve customer experience

The generative AI boom is already having a big impact on payments companies like Visa. Generative AI is being used to reduce fraud and improve the customer experience. Here's how much firms like ...
Seeking Alpha

Block to pay $40M to New York state over Cash App anti-money laundering failures

Block (NYSE:XYZ) will pay a $40M penalty for failures in its Bank Secrecy Act/Anti-Money Laundering compliance program, the New York State Superintendent of Financial Services Adrienne A. Harris said ...