FLEETCOR has announced a board refresh and a strategic review. The global business payments company has made these changes as part of a cooperation agreement with a longtime shareholder, the global investment and technology development firm D.E. Shaw, FLEETCOR said in a Monday (March 20)...
First Citizens Bank reportedly aims to buy Silicon Valley Bank. The company — which has bought 20 failed banks over the last 14 years — has submitted an offer to buy Silicon Valley Bank (SVB) and may also participate in this week’s auctions for the...
Independent grocers may trail behind industry giants in digital availability, but possibly not for long. The Context Small grocers are significantly less likely than major players to offer options for online pickup and delivery, but as eGrocery demand only continues to grow, many are either...
Embedded finance workflows startup Monite has closed $5 million in seed funding. This follows a $5 million seed round in February 2022, bringing the firm’s total seed funding to $10 million, Monite said in a Monday (March 20) press release emailed to PYMNTS. The Berlin-based...
With the inflation-related devaluation of restaurant rewards points, loyalty programs are losing power. Atlanta-based quick-service restaurant (QSR) chain Chick-fil-A, which has more than 2,800 restaurants in the United States and Canada, recently informed its customers via email that it is increasing the number of points...
Americans will spend a record $24 billion on Easter this year despite ongoing economic pressures. According to a survey released Monday (March 20) by the National Retail Federation (NRF), 81% of Americans will celebrate the holiday this year and spend an average of $192.01, another record amount. “Easter endures...
Income and employment data platform Pinwheel is upgrading its direct deposit offering. The company announced in a Monday (March 20) press release the launch of Deposit Switch 2.0, which it said will let consumers update their deposit settings to receive direct deposits, whether they’re a...
Fiserv and Central Payments have teamed up to help companies launch new financial products. The new collaboration brings together Fiserv’s payments and financial services technology solutions and Central Payments’ Open*CP Fintech API Marketplace, the companies said in a Monday (March 20) press release. With this...
Big banks are reportedly considering expanding their efforts to support First Republic Bank. After 11 banks deposited $30 billion into the bank Thursday (March 16), they are now considering other options that include investing in the bank, the Wall Street Journal (WSJ) reported Monday (March 20). A sale...
