Block

Block to Pay Cash App Users Up to $2,500 in Data Breach Settlement
Block to Pay Cash App Users Up to $2,500 in Data Breach Settlement
August 11, 2024  |  Cybersecurity

Cash App users may be eligible for part of a multimillion-dollar settlement from the company. The payments platform and its parent Block agreed earlier this...

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Neobanks Bet on Direct Deposits to Keep Fickle Consumers Sticky
Neobanks Bet on Direct Deposits to Keep Fickle Consumers Sticky
August 08, 2024  |  Digital Banking

For platforms and neobanks, establishing direct deposits with end users offers an on-ramp to cross-selling opportunities and a wealth of additional revenue streams. The momentum...

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Marqeta Processing Volumes Surge 32%
Marqeta Processing Volumes Surge 32%
August 07, 2024  |  Earnings

Marqeta posted second-quarter results that showed total processing volumes (TPVs) surged 32% to $71 billion. During the conference call with analysts, CEO Simon Khalaf noted...

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Earnings Season Shows Business Demand for Working Capital Remains Robust
Earnings Season Shows Business Demand for Working Capital Remains Robust
August 02, 2024  |  SMBs

Although all eyes this earnings season might be focused on consumer spending, there are several puts and takes on business demand for working capital, particularly...

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Block Reports Q2 Growth; Announces Reorganization and Banking Ambitions
Block Reports Q2 Growth; Announces Reorganization and Banking Ambitions
August 01, 2024  |  Earnings

The theme of digital-first infrastructure and value-added services built atop it is one that Block, owner of Cash App, Square, and Tidal, leaned into during Thursday’s...

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CE 100 Index Gains 0.4% as Coursera Jumps on Earnings
CE 100 Index Gains 0.4% as Coursera Jumps on Earnings
July 29, 2024  |  Connected Economy

Excitement over artificial intelligence (AI) helped drive Coursera shares (and results) significantly higher this past week, while earnings began to trickle in for the CE...

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Cash App Exiting UK to Increase Focus on US
Cash App Exiting UK to Increase Focus on US
July 18, 2024  |  Payment Methods

Cash App says it will exit the British market as it focuses on the U.S. The mobile payments service announced Thursday (July 19) that it...

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Crypto’s Three Priorities for 2024: Interoperability, Acceptance, Regulation
Crypto’s Three Priorities for 2024: Interoperability, Acceptance, Regulation
July 04, 2024  |  Cryptocurrency

Halfway through 2024, and the cryptocurrency and blockchain space finds itself at a critical juncture.  It is the same critical juncture, or at least one...

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Block Says Bitcoin Holdings Allow It to Study Technology’s Potential
Block Says Bitcoin Holdings Allow It to Study Technology’s Potential
June 27, 2024  |  Cryptocurrency

One motivation for Block’s investment in bitcoin is to learn about the technology and how to use it. The company invests 10% of its gross...

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