SAN FRANCISCO—Merchants in the United States that use Square’s point-of-sale technology and that also accept American Express will be getting a credit card from Square in coming months that will run on AmEx’s network, according to a new report.
“The so-called Square Credit Card is said to be the first credit card the Block Inc. unit has offered to its network of sellers,” Digital Transactions reported.
The card, which will be issued by Salt Lake City-based Celtic Bank, will be supported by technology provided by i2c Inc., a card-issuing platform for both physical and virtual payment cards, Digital Transactions said.
According to Digital Transactions, not a lot of information about the card has been made available, including how many merchants are expected to receive the card and when.
Digital Transactions noted that Square says it will announce additional details about the card and benefits next year.
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