Fintech

American Express is reportedly under investigation by a top federal agency exploring allegations of unethical sales tactics by the company’s small-business credit card sales representatives.

Preparing to expand its B2B e-commerce offerings in North America, Fortis Payment Systems LLC has acquired technology integrator Swype at Work and entered a long-term partnership with Swype affiliate Net at Work.

The combined institution will hold roughly $30 million in assets and serve about 4,000 members.

In launching its new challenger bank brand, GO2bank, to take on Chime and others, Green Dot has taken the opportunity to lower the barrier to obtaining a secured card for the underserved.

Acquiring Boston Private could put the parent company of Silicon Valley Bank years ahead of schedule in catering to the investment needs of high-tech and biomedical clients, whose industries have thrived during the pandemic.

Rockefeller Capital Management will buy Whitnell & Co., a business Associated bought in 2017 that manages $1.4 billion of assets.

American Express will once again add perks to its popular Platinum cards to avoid losing customers as the pandemic continues to curtail spending on the firm’s cards.

Divvy, the financial-technology company that offers corporate cards and expense-management software to small businesses, said it’s now valued at $1.6 billion after raising money from investors including PayPal Holdings Inc.

The California company, which focuses on technology companies and entrepreneurs, will make a big push into wealth management as part of the proposed acquisition.

PayPal’s Venmo has launched a new “Cash a Check” feature on its mobile app to some customers. The offering is made in partnership with Ingo Money and its parent, First Century Bank.