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 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 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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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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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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Binance, Coinbase Among 16 Crypto Exchanges Blocked in Cambodia
Fintech News
DECEMBER 3, 2024
Cambodia has intensified its regulatory measures against unlicensed online activities by blocking 102 websites, including 16 crypto exchange platforms such as Binance and Coinbase, Coinspeaker reports. Reports indicate that centralised exchanges account for approximately 70% of crypto transactions in the country.
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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 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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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 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 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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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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NatWest blocks WhatsApp
Finextra
NOVEMBER 12, 2024
NatWest has banned WhatsApp, Facebook Messenger and Skype on company phones and computers amid concerns about regulatory scrutiny of record keeping.
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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 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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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 shuffles leadership, creates chief risk officer role
Payments Dive
SEPTEMBER 17, 2024
Block will move several longtime executives into different positions and create a new role to address customer safety, the company said Monday.
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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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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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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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G2A.COMÂ Deploys Forter to Block Fraud and Optimise Payments
Fintech Finance
OCTOBER 23, 2024
G2A.COM , the world’s leading marketplace for digital entertainment, has announced it has deployed Forter globally to block fraud and optimise payments for G2A’s 30 million users globally. The post G2A.COM Deploys Forter to Block Fraud and Optimise Payments appeared first on FF News | Fintech Finance.
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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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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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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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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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Visa Blocks 410% More Suspected Fraud This Black Friday, as Fraudsters Target UK Shoppers
Fintech Finance
DECEMBER 6, 2024
This Black Friday, Visas network proactively blocked 410% more suspected fraud in the UK compared to Black Friday 2023. Across the whole weekend, the suspected fraud blocked by the network was up 117% compared to last Black Friday weekend. However, as consumers hunted for bargains, fraudsters were also looking for their own payday.
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Singapore Blocks Allianz’s Bid for Income Insurance Over Public Interest Concerns
Fintech News
OCTOBER 14, 2024
The Singapore government has blocked NTUC Enterprise ’s proposed sale of Income Insurance shares to Allianz, citing concerns over the structure of the deal. Featured image credit: Edited from Pexels The post Singapore Blocks Allianz’s Bid for Income Insurance Over Public Interest Concerns appeared first on Fintech Singapore.
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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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Afterpay adds monthly BNPL option
Payments Dive
OCTOBER 5, 2022
The Block-owned buy now-pay later provider is growing beyond its “pay in 4” plans by adding a financing option for pricier purchases.
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Cash App enforcement action expected this year
Payments Dive
MARCH 4, 2024
Federal regulators reviewing whistleblower allegations related to Block’s Cash App may act on the complaints this year, predicted an attorney for the complainants.
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Congressional committee passes bill to thwart CBDC
Payments Dive
SEPTEMBER 25, 2023
The House Financial Services Committee advanced a bill last week that would block the creation of a central bank digital currency.
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Square CEO to depart
Payments Dive
SEPTEMBER 18, 2023
Alyssa Henry, CEO of Block’s merchant business Square, will leave the company just days after a service outage left merchant clients unable to process payments.
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Will a swoon in valuations affect Block’s Afterpay?
Payments Dive
AUGUST 2, 2022
Block acquired Afterpay for what was ultimately $13.9 billion in stock, but a string of fintechs writing down valuations in the face of economic pressures raises the possibility Block will be forced to do the same.
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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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Cash App exec hints at Square integration
Payments Dive
JUNE 3, 2024
Block is working to make its peer-to-peer payments tool, Cash App, a consumer app for interacting with merchants using its Square point-of-sale software.
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Jack Dorsey faces full Square agenda
Payments Dive
SEPTEMBER 28, 2023
The billionaire co-founder is likely to focus on large clients, sales strategy and IT issues after he takes over the Block merchant unit next week, analysts predicted.
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Square raises prices
Payments Dive
MARCH 2, 2023
The price increases come as Block’s merchant business faces stiffer competition in the point-of-sale software market.
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Cash App aims to add more features
Payments Dive
MAY 24, 2024
Block’s Jack Dorsey wants to improve Cash App’s customer service experience in order to entice more users to make it their primary bank, he said this week.
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Square apologizes for last week’s outage
Payments Dive
SEPTEMBER 14, 2023
Block’s mea culpa for outages last week at its merchant unit, as well as its peer-to-peer business Cash App, acknowledged “this situation was made more difficult by our communication.”
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Digital wallets play key role in US lawsuit against Apple
Finextra
MARCH 21, 2024
The US has filed a lawsuit against Apple, accusing the firm of monopolising the smartphone market through a host of actions, including the blocking of third-party apps from offering contactless payments.
Payments companies pursue AI
Payments Dive
AUGUST 8, 2023
Card network giant Visa and digital payments company Block are among those tapping artificial intelligence to save money and serve customers in new ways.
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Visa Ramps Up AI-Powered Fraud Prevention During Holiday Shopping Globally
Fintech News
DECEMBER 17, 2024
Visa announced that its fraud prevention system blocked nearly 85% more suspected fraudulent transactions globally this Cyber Monday compared to the same day last year. Paul Fabara Last year alone, Visa blocked US$40 billion worth of suspected fraudulent transactions globally. Although crooks are using AI more and more, so are we.
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Stem raises $20M to streamline music industry payments
Payments Dive
APRIL 19, 2022
Startup Stem Disintermedia, which aims to bring its financial payout tools to a broader sector of the music industry, lured investments from merchant payments player Block and the major fintech venture firm QED Investors to fuel its growth.
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Payments companies’ job cuts may not be done
Payments Dive
FEBRUARY 2, 2024
PayPal, Block and Brex all started cutting employees in January in pursuit of efficiency and profits.
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