Payments

The social network's test of its Novi wallet drew criticism from Democratic senators who say the company does not have a strong track record of protecting user data.

PayPal Holdings is exploring an acquisition of the social media company Pinterest, people with knowledge of the matter said.

The integration with Goldman Sachs Transaction Banking could position Amex to capture more commercial card spending from the largest global corporations.

The payment company has agreed to buy the India-based reconciliation company in its latest investment in back-office technology for internet businesses.

Fintechs have led the way in installment lending, but banks, credit card issuers and payments companies are responding with products of their own. Here's an overview of what they're rolling out.

Best known as a website management company, GoDaddy began directly offering digital and offline payments after learning that its clients were getting those services from fintechs. The company is also now selling terminals for in-store payments.

During a House hearing, Democrats advocated for measures that ensure businesses keep accepting paper money, while Republicans argued in favor of chartering more fintechs and promoted stablecoins to extend access to the underbanked.

In a bid to boost fee income, the Minneapolis company is upgrading its payments technology to allow businesses to manage inventory, payroll and other functions — as well as make payments — all in one place. The tech is modeled after an offering from Square.

The $317 million deal will provide the London company with a large base of American clients and help it compete with technology firms like Square, PayPal and Stripe.

Chase Payment Solutions combines Chase Merchant Services with WePay, a fintech the bank bought in 2017, to provide more tailored offerings — such as card acceptance without a merchant account — to entrepreneurs.