The company said a technical issue with a third-party vendor was to blame for a disruption with deposits and payment processing that stretched into the weekend.
Category: Mobile Commerce and Payments
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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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Payments Are Going Digital, but Many Seniors Still Rely on Cash
“We’re putting another burden on the elderly that we don’t have to,” one researcher said.
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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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Holiday Shopping Season Separates Winning Retailers From Losers
Consumers are seeking deals and being choosier about their spending in the crucial final weeks of the year, executives say.
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The Crypto Industry Loudly Defends Telegram’s Pavel Durov
When the messaging app’s founder, Pavel Durov, was arrested, he received a flood of support from a multitrillion-dollar industry that relies on it.
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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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Apple Settles E.U. Case by Opening Its Payment Service to Rivals
Customers in Europe may see an influx of new apps and services for making tap-and-go purchases.