Block - News, Articles & Research

Block to pay $40m penalty for AML failures

Block will pay a $40 million penalty to New York regulators for "significant failures" in anti-money laundering programme and virtual currency compliance failures on its Cash App platform.

11 April 2025

News/people

Block chops 931 staff and closes open positions

US fintech Block is laying off 931 staff and closing 748 open roles, as the mobile payments and POS company undergoes a major reorganisation.

26 March 2025

Company announcement/crypto

Block joins Wall Street Blockchain Alliance

The Wall Street Blockchain Alliance (WSBA), a leading nonprofit trade association dedicated to promoting the adoption of blockchain technology and cryptoassets in global markets, is pleased to welcome Block, Inc. as its newest corporate member.

24 March 2025

News/payments

Cash App integrates with Afterpay for BNPL at the checkout

Cash App has joined with Afterpay to offer buy now, pay later services at online merchants.

18 March 2025

Company announcement/regulation

Square Financial Services gets FDIC approval for consumer loan product

Today, Block, Inc. (NYSE: XYZ) announced its industrial bank, Square Financial Services, Inc. (SFS), has received approval from the Federal Deposit Insurance Corporation (FDIC) to begin offering the consumer loan product Cash App Borrow.

14 March 2025

Company announcement/payments

Square selects Peach to power credit card programme

Peach Finance, the leading modern loan management and servicing technology platform, today announced it is powering Square’s credit card offering.

05 February 2025

News/regulation

Block hit with $255m in penalties over Cash App failings

Block has been ordered to pay a combined $255 million by state regulators and the CFPB over AML and fraud failures connected to the Cash App.

16 January 2025

News/wholesale

Temenos tormentor Hindenburg Research shuts up shop

Hindenburg Research, the US-based short seller that had targeted several business entities including Temenos and Block, is going to be disbanded.

16 January 2025

Company announcement/payments

Square taps Salt Edge for open banking payments

Square, the technology company that makes commerce and financial services easy and accessible, has partnered with Salt Edge, a leading open banking platform, to help streamline and simplify payment operations for sellers in the UK.

14 January 2025

News/people

IT consultant found guilty of murder of Cash App founder Bob Lee

A tech enrepreneur has been found guilty of second-degree murder in the fatal stabbing of Cash App founder Bob Lee.

18 December 2024

Company announcement/payments

Square rolls out instant access business spending card in UK

Square, the global technology company, has today announced the launch of Square Card in the UK, a business spending card that helps businesses manage their cash flow by eliminating the time between making a sale and having the funds available to spend.

31 October 2024

Company announcement/crypto

New report highlights opportunities for digital assets to empower businesses in displaced communitie

Digital Assets, including bitcoin and stablecoins, can foster financial inclusion for businesses in displaced communities, according to a new report by Block, Inc. and the European Bank for Reconstruction and Development (EBRD).

31 October 2024