escrow

Visa Adds $1.5 Billion to Litigation Escrow Account
Visa Adds $1.5 Billion to Litigation Escrow Account
September 27, 2024  |  VISA

Visa disclosed Thursday (Sept. 26) that it authorized the deposit of $1.5 billion into the litigation escrow account previously established under its U.S. retrospective responsibility...

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SVB Financial Pushes To Escrow $2B in Seized FDIC Funds
SVB Financial Pushes To Escrow $2B in Seized FDIC Funds
August 15, 2023  |  Legal

Embattled lender SVB Financial, which is embroiled in a dispute with the U.S. Federal Deposit Insurance Company (FDIC), says it is losing $8.5 million a...

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Truzo Launches Africa-Focused Digital Escrow Service in UK
Truzo Launches Africa-Focused Digital Escrow Service in UK
March 03, 2023  |  Commerce

Truzo has launched its Africa-focused digital escrow service in the United Kingdom. Already established in South Africa, and approved by the Financial Conduct Authority (FCA)...

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Blockchain-Based Smart Contracts Can Cut Escrow Costs, Prevent Mortgage Fraud
Blockchain-Based Smart Contracts Can Cut Escrow Costs, Prevent Mortgage Fraud
September 28, 2022  |  Blockchain

When talking about crypto’s use in real estate, most people think about buying and selling property with bitcoins or tokenizing and fractionalizing property titles via...

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Vesicash Uses Escrow To Ignite eCommerce In Africa
Vesicash Uses Escrow To Ignite eCommerce In Africa
July 29, 2019  |  Payments Innovation

The common view about Africa – once found in recent PYMNTS coverage – is that the vast, varied and massively populated continent represents the next frontier for eCommerce....

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Bitcoin Daily: Head Of Bitcoin Escrow Firm Charged With Stealing $7M
Bitcoin Daily: Head Of Bitcoin Escrow Firm Charged With Stealing $7M
July 26, 2019  |  Bitcoin

The head of a bitcoin escrow company has been charged with defrauding investors for $7 million. The U.S. Attorney’s Office of the Southern District of...

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Deep Dive: How Escrow Solutions Build Digital Marketplace Trust
Deep Dive: How Escrow Solutions Build Digital Marketplace Trust
February 20, 2019  |  Disbursements

In a digital commerce ecosystem, two parties that have never met before must agree to transactions or assignments, deliver and receive products and, perhaps most...

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A Maritime Side Hustle? Disbursements Drop Anchor In Boatsharing Platforms
A Maritime Side Hustle? Disbursements Drop Anchor In Boatsharing Platforms
February 19, 2019  |  Disbursements

From Uber to Airbnb, the sharing economy opens many opportunities for consumers to monetize assets they own, but don’t always use — like those holes...

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Disbursements Drop Anchor In Boatsharing Platforms
Disbursements Drop Anchor In Boatsharing Platforms
February 18, 2019  |  Disbursements

Digital disbursement solutions have helped aid expansion of the sharing and gig economies. Now, these solutions are being put to use in other unexpected markets,...

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