Merchant Processing

Square Beats Revenue Estimates with $439 Million; Lending Business Grows 70%

November 2, 2016
Article by:

Square's Jack Dorsey

Square Capital grew 70 percent annually, extending $208 million in 35,000 loans. With this, it has originated over $1 billion in two years, through this program.

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It’s Not About Replacing Banks, Square CEO Says

October 30, 2016
Article by:

Jack Dorsey at the 2016 Money2020 Conference in Las Vegas

Square CEO Jack Dorsey as he walked on stage at the 2016 Money2020 conference in Las Vegas It’s not about replacing banks, it’s about making financial services more accessible, said Square CEO Jack Dorsey in regards to what his company and others in the fintech space are doing. During his fireside chat-style address at Money2020, […]

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Square Sets Foot in UK with Squareup Europe

July 20, 2016

Square reader

The payments company foraying in UK by incorporating Squareup Europe Ltd in London early last month.

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Why You Shouldn’t Overlook Selling Merchant Processing

January 4, 2016
Article by:

merchant processing

Prior to daily fixed payment business loans, there was the traditional merchant cash advance (MCA). The MCA, being the only option, required merchants to tie their need for working capital to that of their merchant accounts, either directly or indirectly, through the use of either split-funding or a lockbox account. DIRECT OR INDIRECT? Split-funding is […]

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A Return to the Fundamentals? (At Transact 15)

April 3, 2015
Article by:

we have to go back

The Transact ’15 conference opened to a record crowd and there was no shortage of merchant cash advance players in attendance. Those facts were to be expected. And if you walked in and poked your head around, you might not have noticed anything to be different. Payment processors touted the latest mobile technology and at […]

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Transact 15 in San Francisco

March 29, 2015
Article by:

I’ll be at Transact ’15 this week in San Francisco. It used to be the only national show that the entirety of the merchant cash advance industry attended. That’s not necessarily the case anymore but it’s still a must-attend event for funders. Click here for my photo blog of last year’s Transact conference. To view […]

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Should Licensing and Accreditation Come to MCA?

August 13, 2014
Article by:

Certified

It’s not said often, but it has been suggested by some players in the merchant cash advance industry to introduce sales licensing requirements. Anybody can sell and broker MCAs or alternative business loans, even your mom. That’s been a boon for growth but a bust for maintaining any kind of uniformity or standards. That’s a […]

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Square Bears Attack

April 21, 2014
Article by:

Square Bears

It was the PR nightmare that wouldn’t end. With Easter Sunday still warm on everyone’s minds, bloggers went for the jugular over Square’s acquisition rumors. Whether based on fact or fiction (nobody seemed to know for sure), Alistair Barr, Douglas Macmillan, and Evelyn Rusli of the Wall Street Journal single-handedly hit Jack Dorsey’s famous payment […]

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Largest Merchant Acquirers of 2013

April 12, 2014
Article by:

According to the Nilson Report, the 10 largest merchant acquirers of 2013 were: 1. Bank of America 2. Chase Paymentech Solutions 3. First Data 4. Vantiv 5. Elavon 6. Wells Fargo Merchant Services 7. Citi Merchant Services 8. Global Payments 9. Heartland Payment Systems 10. WorldPay The only 2 changes in the top 10 were: […]

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Regulatory Paranoia and the Industry Civil War

April 11, 2014
Article by:

Regulation

Stacking is on everyone’s minds in the merchant cash advance (MCA) industry but that war is little more than smoke compared to the fire burning in our own backyard. One of the major topics of debate at Transact 14 has been Operation Choke Point, a federal campaign against banks and payment processors to kill off […]

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