WASHINGTON — The payments processor Square confirmed Thursday that it has withdrawn its application to open a depository bank, although it plans to refile with a top regulator at a later date.

We previously reported on payment processor Square, Inc.’s application for an industrial loan company (ILC) charter. That is now over, at least for the time being. Last week, Square announced that it ...

WASHINGTON — The payments processor Square has big plans in banking — but even after filing an application to charter an industrial loan company, it still doesn’t see itself as a competitor to most ...