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This news follows Square’s launch in April of nearly 100 features designed to offer sellers a way to enhance their revenue at a time when SMBs are feeling pinched. During the most recent earnings call of Block, CEO Jack Dorsey said the Block/Square ecosystem has potential for further penetration in the retail, restaurants and beauty verticals.
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“Square Banking’s integrated suite of software and financial services was designed to help small businesses gain efficiency and peace of mind when it comes to managing their finances,” Riechers said in the release.
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