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Square's banking push could help it achieve goals (SQ)

This story was delivered to BI Intelligence "Payments Briefing" subscribers. To learn more and subscribe, please click here. Square is applying for a US banking license, signifying the beginning of the firm’s long-speculated push into financial services, according to Finextra. The firm applied for a specific type of license, called an Industrial Loan Charter (ILC), which allows firms to continue nonfinancial operations, like card readers or food delivery, according to the Wall Street Journal.
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