Block cuts employees
Payments Dive
OCTOBER 6, 2023
Jack Dorsey-led Block is the latest payments company to make staff cuts and pull back on hiring as it pursues profitable growth.
Blocks Related Topics 
Block becomes the latest fintech to lay off workers
TechCrunch Fintech
JANUARY 30, 2024
Block, the fintech company whose subsidiaries include Square, Cash App and Afterpay, is laying off staff at a tumultuous time for tech industry workers.
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AIB introduces voluntary gambling block
Finextra
AUGUST 26, 2024
AIB is the latest bank to introduced a voluntary block feature on debit and credit card transactions linked to gambling.
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HSBC Australia to Block Payments to Crypto Exchanges from July 2024
Fintech News
JULY 24, 2024
HSBC Australia will automatically block all payments to cryptocurrency exchanges, starting in July 2024. This measure means any attempt to transact with these exchanges using HSBC accounts or cards will be blocked, and the funds will remain in the customer’s account. .”
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Block integrates Afterpay with Cash App card
Payments Dive
MAY 7, 2024
The test offering provides buy now, pay later financing to a limited number of users of Block’s Cash App debit card for “a small fee.”
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Block shares CashApp, Afterpay integration update
Bank Automation
MAY 3, 2024
Block’s Cash App profit and number of users grew in the first quarter as the payments provider integrated buy now, pay later provider Afterpay. Block, formerly Square, acquired Afterpay in August 2021 for $29 billion but it has had issues integrating the solution with its Cash App Card debit card, Chief Executive Jack Dorsey said […]
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Block CFO details Square’s revamped sales approach
Payments Dive
SEPTEMBER 7, 2023
Square’s refocused sales team is a “key investment area for us in the future,” Block executive Amrita Ahuja said Wednesday.
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Thailand Set to Block Access to Unauthorised Crypto Platforms
Fintech News
APRIL 22, 2024
Thailand’s Securities and Exchange Commission (SEC), in conjunction with the Ministry of Digital Economy and Society and other relevant agencies, has initiated measures to block unauthorised access to digital asset service providers’ platforms.
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Block to shrink workforce
Payments Dive
NOVEMBER 3, 2023
The company plans to cut about 8% of its workforce over the next year as Jack Dorsey steps up his efforts to improve efficiency and revive profits.
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Block boosts Ahuja’s responsibilities
Payments Dive
FEBRUARY 24, 2023
Pledging to be more efficient with a revamp of the company’s leadership structure, Block has combined the CFO and COO roles under Amrita Ahuja.
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Lawsuit filed against Block
Payments Dive
AUGUST 25, 2022
A class action lawsuit has been filed against Cash App Investing and parent company Block over a December 2021 data breach.
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Spotlight On: Block, Inc., A New Principal Participating Organization
PCI Security Standards
JUNE 8, 2023
Welcome Block, Inc., In this special spotlight edition of our PCI Perspectives Blog, Chanda Mafuka, Block Security Governance, introduces us to his company and how they are helping to shape the future of payment security. a new Principal Participating Organization (PPO) at the PCI Security Standards Council!
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Singapore Police May Gain Power to Block Scam Transfers Without Victim Consent
Fintech News
SEPTEMBER 2, 2024
Featured image credit: Edited from Freepik The post Singapore Police May Gain Power to Block Scam Transfers Without Victim Consent appeared first on Fintech Singapore. The Ministry is inviting the public to submit their feedback on the proposed bill by 30 September 2024.
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Marqeta lands Block contract extension
Payments Dive
AUGUST 9, 2023
Fintech Marqeta extended its contract to provide services for Block’s Cash App card through 2027, although at a lower price.
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Block boosts compliance spending to $160M
Payments Dive
MAY 5, 2023
Square parent Block is increasing compliance spending on personnel and software this year.
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Block shareholder urges Dorsey to scrap super-voting stock
Payments Dive
JUNE 7, 2022
A shareholder is pushing Square parent Block to give up super voting shares. The proposal will be voted on at Block’s annual meeting next week.
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Block bets on bitcoin
Payments Dive
MAY 18, 2022
“We are no longer just a payments company,” Block CEO Jack Dorsey said at the company’s investor day Wednesday.
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Analysts call on Block to share anti-fraud details
Payments Dive
MARCH 29, 2023
Following a controversial short seller’s report, analysts advised digital payments company Block to share more information related to active user numbers and know-your-customer practices.
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Block latest fintech to cut staff
Finextra
JANUARY 31, 2024
Block is laying off around 1000 employees, many of them at the Square and Cash App units, according to press reports.
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Block 'just getting started' with Afterpay
Payments Dive
MAY 6, 2022
San Francisco-based Block is focused on expanding buy now-pay later provider Afterpay’s customer base and managing its loss rate, Block executives said during Thursday’s first-quarter earnings call.
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Marqeta lands new client, faces questions on Block
Payments Dive
NOVEMBER 10, 2022
While the company said this week that it won new business from a fintech backed by Walmart, it also faced questions over contract renewals for its biggest customer, Block.
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Apple blocks Epic’s rival app store
Payments Dive
MARCH 7, 2024
“Apple is trying to cynically kill off developers that stand up to them,” Epic Director of Public Policy Leo Rees said Wednesday.
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Block offers Apple tap-to-pay for merchants
Payments Dive
JUNE 3, 2022
Block wants to attract more business clientele as fintech firms experience economic volatility. Offering tap-to-pay on the iPhone advances that goal.
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Block's Courtney Robinson joins Akoya as head of policy and comms
Finextra
JUNE 12, 2024
Robinson comes to Akoya from Block Inc. Courtney Robinson joins Akoya as the new Head of Policy and Communications. where she served as the Head of Global Regulatory Affairs.
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CUBE3.AI Unveils AI-Driven Technology to Detect and Block Rising Tide of New Scams and Fraud
Fintech Review
SEPTEMBER 5, 2024
Today, the company announced major enhancements to its platform that bridge the gap between Web2 and Web3, enabling real-time risk assessment and the proactive blocking of scams like pig butchering, ransomware, sextortion, and others. AI allows organizations to preemptively block threats that would otherwise go unnoticed until it’s too late.
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HSBC Australia blocks payments to crypto exchanges
The Paypers
JULY 26, 2024
HSBC 's Australian branch has notified customers that it will block payments to cryptocurrency exchanges citing scam concerns.
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Block defends against short seller allegations
Payments Dive
MARCH 30, 2023
The Jack Dorsey-led digital payments company pushed back by underscoring fraud mitigation tactics and account metrics for its Cash App business.
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Spain blocks Sam Altman's Worldcoin venture
Finextra
MARCH 8, 2024
Sam Altman’s cryptocurrency outfit Worldcoin has been told by Spain to stop collecting and using people's personal data.
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Apple reverses decision on blocking Epic
Payments Dive
MARCH 8, 2024
“We are moving forward as planned to launch the Epic Games Store and bring Fortnite back to iOS in Europe,” Epic said following the change.
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CFPB may take legal action against Block
Payments Dive
FEBRUARY 23, 2024
The bureau has informed the digital payment company it’s weighing legal action related to a Cash App probe.
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Block's self-custody bitcoin wallet launches globally
Finextra
DECEMBER 7, 2023
Bitkey, the self-custody bitcoin wallet built by Block, Inc. NYSE: SQ), launched today in more than 95 countries across six continents, widening access to self-custody and empowering people around the world to truly own and manage their bitcoin easily and safely.
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US Justice Department Sues Visa To Block Its Planned $5.3B Plaid Acquisition
PYMNTS
NOVEMBER 5, 2020
5) to block its planned $5.3 Visa strongly disagrees with the Department of Justice, whose attempt to block Visa’s acquisition of Plaid is legally flawed and contradicted by the facts,” the company said in a statement following the lawsuit’s filing. Department of Justice sued Visa on Thursday (Nov.
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Block launches Bitkey self-custody Bitcoin wallet
The Paypers
DECEMBER 8, 2023
US-based digital payments company Block has launched the Bitkey self-custody bitcoin wallet to improve access to self-custody in multiple countries.
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Block winds down certain European operations
The Paypers
AUGUST 8, 2023
Digital payments company Block has planned to shutter the P2P business Cash App’s Verse brand in the EU and BNPL platform Clearpay in Spain, France, and Italy.
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JPMorgan Chase moves to block fintechs from screen scraping
Payments Source
JANUARY 3, 2020
JPMorgan Chase plans to block fintechs from screen scraping — obtaining usernames and passwords of customers, logging in as them, and copying and pasting their account information into a database.
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Forter Announces Next Generation Approach to Blocking Policy Abuse
The Nilson Report
JANUARY 31, 2024
The post Forter Announces Next Generation Approach to Blocking Policy Abuse appeared first on Nilson Report.
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Block completes USD 29 bln Afterpay acquisition
The Paypers
FEBRUARY 2, 2022
Block has completed its USD 29 billion acquisition of Buy Now, Pay Later company Afterpay , according to AltFi.
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Block shutters some European operations
Payments Dive
AUGUST 4, 2023
The company is pulling the plug on Cash App’s Verse brand in the European Union and buy now, pay later operations in Spain, France and Italy.
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Stimulus Checks Pose Issues For H&R Block, TurboTax
PYMNTS
JANUARY 6, 2021
People who filed their 2019 taxes with H&R Block or TurboTax told CNBC that they have not seen a deposit as expected. Some H&R Block and TurboTax users did not get the new stimulus payment because it was directed by the IRS to an unfamiliar bank account, sources told CNBC.
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Block pledges to curb spending
Payments Dive
NOVEMBER 4, 2022
The digital payments company plans to slow the pace of hiring in 2023 as executives aim to rein in expenses.
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Visa and Mastercard block Russian financial institutions
The Paypers
MARCH 1, 2022
Global payment processors and card issuers Visa and Mastercard have blocked multiple Russian financial institutions from their network, in compliance with the US government sanctions imposed over the ongoing war in Ukraine.
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Binance resumes bitcoin withdrawals following a temporary block
The Paypers
MAY 8, 2023
Cryptocurrency exchange Binance has resumed bitcoin withdrawals following a temporary block due to a large number of pending transactions.
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Block pulls back on expenses
Payments Dive
AUGUST 5, 2022
The parent of Square is cutting $250 million in planned expenses for the year, after reporting another quarterly net loss on Thursday.
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How to Block Cybercriminals (Not Customers) with Advanced Fraud Prevention Solutions
Accertify
MAY 30, 2023
You don’t want to risk fraud losses, so you block the transaction. Source: 1 Client data – Ubisoft Case Study [link] The post How to Block Cybercriminals (Not Customers) with Advanced Fraud Prevention Solutions first appeared on Accertify. A new customer visits your site, browses your products, and makes a purchase. The problem?
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