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The bank, which helped launch the real-time network for peer-to-peer payments, is trying to duplicate that success by helping corporate clients process certain transactions instantly with wholesale partners and, in some cases, retail customers.
American Express Co. is acquiring the teams and technology behind the online lender Kabbage Inc. as the credit card giant seeks to provide more loans and other services to small-business owners.
American Express will become the exclusive issuer of Hilton Honors cobranded credit cards in January, taking over the entire portfolio it previously shared with Citigroup.
