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Monarch Money has raised $75 million in a Series B funding round to continue growing its financial wellness platform.
The company will use the new capital to add to its team and expand the breadth of the platform, Monarch Money Co-founder and CEO Val Agostino wrote in a Friday (May 23) blog post.
“We strongly believe that everyone — no matter where they’re starting — can improve their financial...
After years of skepticism, traditional finance is not just dipping a toe into crypto. It may just be preparing to swim.
That’s what is being implied by the news Thursday (May 22) that several of the United States’ largest banks are quietly planning a collective leap into the world of cryptocurrency. JPMorgan Chase, Bank of America (BofA), Wells Fargo and Citigroup are exploring the launch of a...
The European Commission is reportedly looking into fees charged by Visa and Mastercard in a move that could lead to a formal probe.
The competition regulator sent requests for information to market participants last week, asking about fees they impose on financial institutions that provide services to retailers using the Visa and Mastercard networks, Bloomberg reported Friday (May 23), citing...
The largest Hardee’s franchisee in the United States is harnessing artificial intelligence and data-driven insights to improve efficiency and customer satisfaction, which are key drivers of success in the fast-paced world of quick-service restaurants.
Boddie-Noell Enterprises said customers want their orders taken correctly, food served hot and fresh, and then to go quickly on their way,...
Walmart said Thursday (May 22) that it opened its largest centralized prescription fulfillment facility and plans to add two more.
The new Central Fill pharmacy location is in Frederick, Maryland, and two other facilities are expected to open in 2026 in Phoenix, Arizona, and Republic, Missouri, the company said in a Thursday press release.
The Maryland site is 102,000 square feet in size and will...
It’s a safe bet that stablecoins will become more mainstream within everyday commerce and in commercial settings.
Legislation is moving through Congress that would establish frameworks for issuers, and banks are exploring a consortium approach to create an interoperable stablecoin.
The market cap of these coins now tops $249 billion, according to CoinMarketCap.com. Tether is the largest of the...
Department store chain Dillard’s sued Wells Fargo on Thursday (May 22), alleging that the bank breached a co-branded credit card relationship that has since ended.
Dillard’s alleges that this breach cost it tens of millions of dollars, Reuters reported Thursday, citing a “heavily redacted complaint” filed in Manhattan federal court.
Neither Dillard’s nor Wells Fargo immediately replied to PYMNTS...
R3 and Solana Foundation have partnered to bring regulated real-world assets onto a public blockchain.
This collaboration will bring together R3’s private enterprise blockchain, which is used by regulated financial institutions, and the Solana public mainnet, the organizations said in a Thursday (May 22) press release.
The combination of their capabilities will help regulated financial...
Apple reportedly plans to introduce artificial intelligence (AI)-enhanced smart glasses that would compete with Meta’s Ray-Bans.
The company aims to produce a large quantity of prototypes by the end of the year and then release the smart glasses at the end of 2026, Bloomberg reported Thursday (May 22), citing unnamed sources.
Apple did not immediately reply to PYMNTS’ request for comment....
New legislation recently passed in Congress eliminates federal taxes on tips — and one ripple effect is that there should be further tailwind for those tips to be paid out digitally rather than in cash.
For restaurants, hotels and a host of other businesses, the daily divvying up of cash tips, parceled out to shift (and other) workers has become a mainstay of take-home pay. The onus has been on...