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Fly News Breaks for March 12, 2018
SQ, GDOT
Mar 12, 2018 | 15:17 EDT
After Square (SQ) announced last week that the Square Cash app can now support direct deposits, analysts at Morgan Stanley said the news puts Square's offering in direct competition with general purpose prepaid cards, where direct deposit functionality is a key selling point. Green Dot (GDOT) is an issuer of prepaid cards.