Cash App

Marqeta Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, February 28, 2024
Professional Services, Payments, Technology, Software, Finance, Fintech, Banking, Acquisition, Growth, Cost of revenue, Cash App, TPV, Cost, Adjustment

Fourth Quarter 2023 Financial Results:

Key Points: 
  • Fourth Quarter 2023 Financial Results:
    TPV increased by 33% year-over-year, from $47 billion for the quarter ended December 31, 2022, to $62 billion for the quarter ended December 31, 2023.
  • Prior to the quarter ended June 30, 2023, these costs were included within Cost of Revenue.
  • Adjusted EBITDA in the fourth quarter of 2023 was an income of $3 million, an increase of $11 million year-over-year.
  • Full Year 2023 Financial Results:
    TPV increased by 34% year-over-year, from $166 billion in 2022, to $222 billion in 2023.

Marqeta Reports Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, November 7, 2023
Professional Services, Payments, Apps, Applications, Technology, Finance, Fintech, Banking, TPV, Growth, Cash App, GAAP, Block, BNPL, Cryptocurrency, Online shopping

Marqeta, Inc. (NASDAQ: MQ), the global modern card issuing platform, today reported financial results for the third quarter ended September 30, 2023.

Key Points: 
  • Marqeta, Inc. (NASDAQ: MQ), the global modern card issuing platform, today reported financial results for the third quarter ended September 30, 2023.
  • Marqeta's Q3 earnings are the Company's first full quarter of financial results reflecting its Cash App contract renewal announced in August.
  • Gross profit was $73 million for the quarter, resulting in a gross margin of 67%.
  • “Our Q3 results represent the new baseline for Marqeta, post Block’s Cash App renewal.

82% of Americans Expect Businesses to Adopt New Payment Technologies, Esker Survey Finds

Retrieved on: 
Tuesday, October 24, 2023
Banking, Software, Other Retail, Professional Services, Online Retail, Internet, Fintech, Payments, Electronic Commerce, Technology, Digital Cash Management, Digital Assets, Retail, Finance, Generation, PayPal, Consumer Technology Association, Generation Z, Cash App, Automation, Development, Customer service, Sales, Online shopping, Venmo

Generational Impact: Younger generations, in particular, are more likely to let payment processes influence their choice of businesses.

Key Points: 
  • Generational Impact: Younger generations, in particular, are more likely to let payment processes influence their choice of businesses.
  • Additionally, 33% of Americans switched service providers due to inconvenient or complicated online payment processes, rising to 54% among 18- to 24-year-olds.
  • “The evolution of B2C payment behaviors is the catalyst driving transformation in B2B payment technologies,” says Steve Smith, U.S. Chief Operating Officer at Esker.
  • “To stay relevant in this evolving landscape, businesses must embrace online payment technologies that align with consumer preferences,” Smith adds.

Crypto for the Culture: Where Titans in Web3 and Blockchain Converge

Retrieved on: 
Tuesday, September 26, 2023
Bitcoin, Intersection, Education, Success, London Stock Exchange, Cuban success story, EST, CBDC, Non-fungible token, Fortune 500, Diversity, Digital economy, ESG, AI, Policy, Culture, Cash App, Global financial system, Conference, Fidelity, BitMEX, Cryptocurrency, Web3, Custody, Blockchain, Crypto

ORLANDO, Fla., Sept. 26, 2023 /PRNewswire/ -- Since 2021, the innovative minds behind Crypto Tutors have identified a significant gap in Web3 conferences: a startling lack of diversity. Not only were such events prohibitively expensive, ranging from $500-$10K, but they also failed to capture the full spectrum of talent and expertise in the Web3 (blockchain technology, NFTs, digital currencies, crypto, metaverse) community. Addressing this, Crypto Tutors pioneered 'Crypto For The Culture', the premiere Web3 Diversity Conference offering unparalleled accessibility and inclusivity.

Key Points: 
  • Not only were such events prohibitively expensive, ranging from $500-$10K, but they also failed to capture the full spectrum of talent and expertise in the Web3 (blockchain technology, NFTs, digital currencies, crypto, metaverse) community.
  • Addressing this, Crypto Tutors pioneered 'Crypto For The Culture', the premiere Web3 Diversity Conference offering unparalleled accessibility and inclusivity.
  • Crypto Tutors' credibility is underscored by their award-winning company and Fortune 500 battle-tested B2B Web3 education, cementing their position as trusted industry leaders.
  • Let's reimagine the future of Web3, making it as diverse and inclusive as the world we live in.

Afterpay Offers More Ways to Pay for Home, Travel, and More This Summer

Retrieved on: 
Tuesday, July 18, 2023
Banking, Other Retail, Retail, Professional Services, Fintech, Business development, Travel, Expedia Group, BNPL, Strategic partnership, Jewellery, Cash App, Online shopping, Square, Afterpay, Expedia, Network affiliate

Compared to traditional Buy Now, Pay Later (BNPL), merchants have also benefited from increased sales and higher average order values.

Key Points: 
  • Compared to traditional Buy Now, Pay Later (BNPL), merchants have also benefited from increased sales and higher average order values.
  • Leading home retailers offering Afterpay’s Pay Monthly product to consumers online include Brooklinen, Caraway Home, Lulu and Georgia, Ruggable, Sur La Table, and more.
  • Nearly 90%5 of Afterpay monthly installments were paid on time and 95%6 of Afterpay bi-weekly installments were paid on time.
  • For more information on Afterpay’s Pay Monthly product and other top brands consumers can shop with, visit https://www.afterpay.com/en-US/pay-monthly .

PayNearMe Expands its Convenient Bill Pay Options with Cash App Pay Integration

Retrieved on: 
Tuesday, July 18, 2023
Partnership, Cash App, Research, Commerce, Online shopping

SANTA CLARA, Calif., July 18, 2023 /PRNewswire-PRWeb/ -- PayNearMe, a fast-growing fintech company radically improving the customer payment experience, is now natively integrating with Cash App Pay. This new partnership enables PayNearMe's clients to offer their customers the ability to seamlessly pay bills using their Cash App accounts, providing more options for convenient payments.

Key Points: 
  • "By offering Cash App Pay, we're enabling our clients to provide their customers with more payment options and greater convenience."
  • According to PayNearMe research , 22% of consumers say Cash App is an important or very important option for bill pay.
  • "Cash App Pay is a fast and simple payment solution that allows consumers to pay for goods and services using their Cash App accounts," said Jessica Bullitt, Head of Commerce Product at Cash App.
  • The native integration with Cash App Pay means customers of PayNearMe clients can make payments within their bill payment workflow.

Melio Launches Mobile App For B2B Payments

Retrieved on: 
Tuesday, May 9, 2023
App Store (iOS/iPadOS), Small business, Partnership, Cash App, Shopify, Google Play, Mobile phone

NEW YORK, May 9, 2023 /PRNewswire/ -- Melio, a leading B2B payments platform for small businesses, today announced the launch of a new mobile app designed to streamline the payment experience. The mobile app is now available for download on the Apple App Store and will be launching on the Google Play Store in the coming months.

Key Points: 
  • The App Will Offer Small Businesses Increased Flexibility, Enabling On-The-Go Payments And Tracking
    NEW YORK, May 9, 2023 /PRNewswire/ -- Melio, a leading B2B payments platform for small businesses, today announced the launch of a new mobile app designed to streamline the payment experience.
  • The mobile app is now available for download on the Apple App Store and will be launching on the Google Play Store in the coming months.
  • With small businesses forced to navigate time-consuming, costly, and restrictive payment methods, Melio's payments technology offers a one-stop solution for quickly and seamlessly transferring and receiving payments.
  • "Our mobile app will make it easier for small businesses to make and track payments wherever they are, providing them with greater control and flexibility."

Payments Summit 2023 and U.S. Payments Forum Meeting Unites Industry to Explore Digital Payment Surge, Fraud Shifts, BNPL, Crypto Concerns and More

Retrieved on: 
Tuesday, April 4, 2023
Bitcoin, National Urban Security Technology Laboratory, Payments Canada, Digital, Visa, Trade-weighted US dollar index, FedNow, Government, Wallet, SVP, Cash App, Organization, Federal Reserve Bank, Fed, Generation Z, Federal Reserve, United States dollar, Apple, Growth, J. P. Morgan, Canada, Blockchain, PAN, B2B, Central bank digital currency, Venmo, Eye, Millennials, History, YOY, Max, Bank of America, International use of the U.S. dollar, PAR, Traction, Research, Fraud, Federal Reserve Bank of St. Louis, Forum, Gen, Federal, Central bank, American Express, USDC, BNPL, CBDC, CNP, EMV, Federal Reserve Bank of Atlanta, Nature, Mastercard, AI, Ecosystem, Bank, PII, Cryptocurrency, Mobile phone, Online shopping, Sales, Payment card, Zelle, Health care

While the U.S. Payments Forum Meeting is closed to non-members, The Payments Summit is open to the public.

Key Points: 
  • While the U.S. Payments Forum Meeting is closed to non-members, The Payments Summit is open to the public.
  • Bad actors are gaining access to valuable rewards accounts, crypto wallets and more to utilize loyalty perks and funds.
  • That’s according to data from the Amex Trendex: Digital Payment Edition shared during the U.S. Payment Forum’s meeting.
  • Over the course of the Payments Summit, the industry weighed the impacts and potential risks of digital currencies on a broad scale.

 Afterpay Celebrates Spring with Exclusive In-App Shopping Event and New Brand Launches

Retrieved on: 
Wednesday, April 5, 2023
Software, Payments, Technology, Apps, Applications, Online Retail, Mobile, Wireless, Retail, Security, Wolverine World Wide, Partnership, Rite Aid, BNPL, Android, IOS, Generation Z, Beauty, Digital, Health, Cash App, Buy now, pay later, Online shopping, Food delivery, Afterpay, Millennials

Afterpay , the leader in "Buy Now, Pay Later" (BNPL) payments, celebrates the return of spring with epic deals and offers exclusively on the Afterpay app this month.

Key Points: 
  • Afterpay , the leader in "Buy Now, Pay Later" (BNPL) payments, celebrates the return of spring with epic deals and offers exclusively on the Afterpay app this month.
  • “Unlike other sales, our spring shopping event was designed with Gen Zs and Millennials in mind who see Afterpay as not just a form of payment, but the ultimate shopping destination.
  • Consumers can shop for more top brands and deals by downloading the Afterpay app on iOS and Android.
  • To learn more about how Afterpay has transformed the way consumers shop and the latest on Afterpay’s integration into the Block ecosystem - visit newsroom.afterpay.com .

SQ DEADLINE ALERT: Hagens Berman, National Trial Attorneys, Alerts Block, Inc. (SQ) Investors to Today’s Lead Plaintiff Deadline in Securities Fraud Class Action

Retrieved on: 
Monday, December 12, 2022
Privacy, Defendant, NYSE, SAN, Steve Berman (lawyer), Person, Fraud, News, Name, The New York Times, SQ, Cash App, Tobacco, Security (finance), Pharmaceutical industry, Block

SAN FRANCISCO, Dec. 12, 2022 (GLOBE NEWSWIRE) -- Hagens Berman urges Block, Inc. (NYSE: SQ) investors who suffered significant losses to submit your losses now .

Key Points: 
  • SAN FRANCISCO, Dec. 12, 2022 (GLOBE NEWSWIRE) -- Hagens Berman urges Block, Inc. (NYSE: SQ) investors who suffered significant losses to submit your losses now .
  • Block, Inc. (NYSE: SQ) Securities Fraud Class Action:
    The litigation focuses on Block’s statements about its subsidiary’s (Cash App Investing) customer privacy policies and controls.
  • According to the complaint, investors learned the truth on Apr.
  • Hagens Berman is a global plaintiffs’ rights complex litigation law firm focusing on corporate accountability through class-action law.