Hi there, @schemjo! Thanks for taking the time to ask this question - it's a good one.
Business and location names will not apply on Deposits made by Square. Editing these details are for record keeping purposes, as well as for displaying which location a transaction is made - which will show up on your customers receipt.
For regulatory purposes, deposits made by Square are required to display the Deposit ACH Square, INC. This is helpful for Merchant's as they correlate their deposits at a later time.
I hope this information is helpful! If you have any follow-up questions, don't hesitate to reach out.
Joe
Community Moderator, Square
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