Square Inc. has ended its gift card service,
Several merchants had problems redeeming the gift cards and Square itself may have encountered problems dealing with state legislation on gift cards, according to Reuters. A Square representative did not respond to an inquiry from PaymentsSource by deadline.
But abandoning the gift card service may not be a detrimental thing for Square, led by Twitter co-founder, Jack Dorsey. The company recently
The first U.S. bank to offer an exchange-traded product tied to Bitcoin saw $34 million in trading on the first day.
Oil rights can be a surprisingly illiquid asset. A fintech called Frontlands is hoping to change that by offering a credit card for the owners of oil wells and other natural resources.
The fintech rolled out Intelligent Money Movement, a treasury service that combines payments, liquidity management and disbursements as it looks to capitalize on its multiple banking licenses.
Most banks are likely not large enough to not support stablecoins and tokenized deposits on their own, creating a new way for legacy IT firms to compete with fintechs.
It doesn't have to be all or nothing, but all paths are complex, capital markets and policy experts in the Treasury Market Practices group say.
The payments processing firm recently filed for Chapter 7 bankruptcy with a nearly $3 million disputed charge owed to a subsidiary of Global Payments.
