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Cash App (formerly Square Cash) is a digital wallet for American consumers. [1] Launched by Block, Inc. in 2013, it allows users to send, receive or save money, access a debit card, invest in stocks or bitcoin, [2] apply for personal loans, [3] and file taxes. [4] As of 2024, Cash App reports 57 million users and $248 billion in annual inflows ...
Cash App-owner Block must offer up to $120 million in refunds to consumers who federal regulators say were exposed to potential fraud.
The parent company of mobile banking platform Cash App has been ordered to pay $175 million to users due to weak security procedures, a federal agency says.. The Consumer Financial Protection ...
In October 2023, it was reported that Cash App also allowed users to borrow up to $200 from the app, and that "not everyone is an eligible user for this feature". [29] Cash App has been found to be the preferred payment app among lower-income adults in the U.S., [85] reporting 56 million "monthly active users" as of 2024. [18]
The government agency argued that one of Block's portfolio companies, the leading peer-to-peer payments service Cash App, had allowed rampant fraud while misleading its customers. The settlement ...
Bob Lee (December 20, 1979 – April 4, 2023) was an American businessman and software engineer who was best known for helping to create the financial service Cash App. He was the chief technology officer of Square and the chief product officer of MobileCoin. On April 4, 2023, Lee was fatally stabbed in the Rincon Hill neighborhood of San ...