Financial Services

The banking giant will buy fintech GreenSky in a deal worth about $2.24 billion, broadening the line of products available to consumers through its direct bank unit.

UK banks accused of blaming fraud victims: A consumer watchdog publication reports that banks aren’t adhering to their industry code’s threshold in disputes on fraudulent payments. The report may hurt banks’ reputations and help competitors woo away customers.

The BNPL provider will let merchants accept Bitcoin payments and plans to launch a crypto trading feature—which may help it stand out as other BNPL providers opt for more traditional feature enhancements.

Intuit and Mailchimp team up to help small and medium-sized businesses: The two combined will provide ecommerce, marketing, customer management, and financial services for those merchants.

Add Capital One to the growing list of banks wading into BNPL: The bank will pilot the payment option with a group of familiar merchants, following other recent announcements by banking players that also plan to compete in the space.