Square, Paypal Pose Grave Threat To Community F... Now

: Community institutions traditionally rely on personal relationships. Square and PayPal utilize cloud-based, seamless digital experiences that minimize the importance of that local connection.

Fintechs can be a community bank's ally in a competitive ... - BAI

: Transactions captured by third-party apps like PayPal , Venmo , and Square often remain within those ecosystems; only an estimated $1 of every $8 collected through these platforms typically returns to the user's primary financial institution.