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Block shares CashApp, Afterpay integration update

Bank Automation

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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PayPal appoints CashApp's Geoff Seeley CMO

Finextra

PayPal Holdings, Inc. NASDAQ: PYPL) today announced Geoff Seeley has joined the company as Chief Marketing Officer (CMO), reporting to Diego Scotti, Executive Vice President (EVP) and General Manager (GM) of Consumer Group and Global Marketing & Communications.

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New Class Action Lawsuit Alleges Plaid Violated User Privacy

PYMNTS

The company has been able to glean information via software from well-known platforms like Venmo or CashApp , court documents show, under the pretense of helping customers access easy online banking.

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Square Cash Tests Small-Dollar, Short-Term Loans

PYMNTS

We are always testing new features in Cash App, and recently began testing the ability to borrow money with about 1,000 customers,” a CashApp spokesperson said in a statement. “We Cash App, Square Inc.’s s mobile payment app, has launched a pilot program to offer short-term loans of up to $200, TechCrunch reported. “We

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Zelle: The Role Of AI In Stopping COVID-Related P2P Payment Scams

PYMNTS

Peer-to-peer (P2P) payment apps like CashApp , PayPal , Venmo and Zelle are especially popular targets for financial crime, with fraud attacks against these apps increasing by 733 percent since 2016. A financial fraud attack against FIs or businesses occurred every two minutes on average in 2019, resulting in 59,627 attacks in total.

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barq Mirrors Success of PIX and UPI, Reaching 1.6 Million Customers Globally In First Month

The Fintech Times

For comparison, it took Revolut a year to reach 100,000 users, while NuBank and CashApp each gained 10,000 users in their first month. Within the first 21 days of operation, barq surpassed one million users, establishing it as the fastest-growing private wallet globally, outside of China.

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Understanding Visa Plus: the Future of Money Transfers?

Fi911

While there may be hurdles to achieving complete interoperability, especially since some notable platforms like CashApp are currently not participating, Visa+ is a critical step towards unifying the fragmented world of P2P payments. This service is poised to catalyze a significant shift in the payments industry.

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