As fewer people carry cash, vendors, street performers and people experiencing homelessness and unemployment are at a disadvantage.
Category: Cash App (Mobile App)
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Cash App Ordered to Pay $255 Million in Penalties Over Fraud
The transfer-money app, owned by Jack Dorsey’s Block, racked up a hefty bill of fines and restitution for what federal regulators called “woefully incomplete” customer protections.
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Cash App Wades Into the Exclusive World of Presale Concert Tickets
Legacy credit cards and banks aren’t the only banking options to come with perks for premium access to events anymore.
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Cash App Users May Claim Up to $2,500 in Data Breach Settlement
A proposed $15 million settlement stipulates that account holders can file for losses related to breaches disclosed in 2022 and 2023. A deadline looms for those claims.
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Investors Worry What Strong Jobs Data Means for the Economy
Inflation, recession and labor market concerns loom large over the stock market ahead of Friday’s jobs report.
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Short Seller Accuses Jack Dorsey’s Block of Facilitating Fraud
The New York Times – Business:Shares of the financial tech company plunged after Hindenburg Research said it had failed to stamp out illegal activity on its platforms, including drug sales and sex trafficking.
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Easy to Use, Mobile Payment Apps Are Also Easy to Misuse
The New York Times – Business:While they have taken steps to help prevent mishaps, a new report finds they offer few protections if, for instance, users accidentally send money to the wrong person.