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Square (financial services) Square is a point-of-sale (POS) system designed for small and medium-sized businesses. [1] Launched in 2009 by Block, Inc., [2] it allows merchants and individuals to accept card payments and manage various operations.
Block, Inc. Block, Inc. (formerly Square, Inc.[9]) is an American technology company that provides financial services to consumers and small and medium-sized businesses (SMBs). [10][11] Founded by Jack Dorsey in 2009, it is the U.S. market leader in point-of-sale systems. [12][13][14] As of 2023, Block serves 56 million users and 4 million ...
Global Payments has been an independent, publicly-traded company on the New York Stock Exchange having the ticker symbol “GPN” since its spin off. In 2009, it paid $75 million for United Card Service, Russia 's leading credit card processing company. [13] In 2011, Global Payments's United Card Service bought Alfa-Bank 's credit card ...
The US Justice Department went after Visa on Tuesday in a federal antitrust lawsuit alleging that the company illegally used the scale of its vast card processing network to block competition.
By Gerry Shih and Lisa Baertlein SAN FRANCISCO -- Starbucks (SBUX) plans to switch its processing of debit and credit card payments to mobile payments start-up Square, the two companies said ...
Payment processor. A payment processor is a system that enables financial transactions, commonly employed by a merchant, to handle transactions with customers from various channels such as credit cards and debit cards or bank accounts. They are usually broken down into two types: front-end and back-end. Front-end processors have connections to ...
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