Apps such as Cash App and Venmo make it easy for people to transmit money. The New York regulator said Block's alleged shortfalls included inadequate customer due diligence, and inadequate risk ...

Indeed, Block reported about $2.9 billion in gross profit for Cash App in the first nine months of 2023, a 37% increase from the same period in 2022, overtaking Square as Block's largest source of ...

Block, the parent company of popular online payment service Cash App, has been ordered by a federal agency to pay as much as $175 million because of repeated failures by the financial services ...

Block, the parent of digital payments company Cash App, has agreed to pay up to $255 million to settle claims about poor oversight and fraud on its peer-to-peer payment platform. The settlement ...