Escrow news and trends

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

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 month in interest, which is enough to cover the company’s bankruptcy lawyers and other court costs, Reuters has reported. Get...

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

Truzo has launched its Africa-focused digital escrow service in the United Kingdom. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By...

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

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 digital assets or NFTs. But there’s another big part of the business where it fits a need: Escrow accounts in...

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

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. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...

Interviews & Exclusives
Vesicash Uses Escrow To Ignite eCommerce In Africa

July 29, 2019
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. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, […]

Disbursements Drop Anchor In Boatsharing Platforms

February 18, 2019
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Quick Reads
Visa Adds $1.5 Billion to Litigation Escrow Account

September 27, 2024
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 plan. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily […]

SVB Financial Pushes To Escrow $2B in Seized FDIC Funds

August 15, 2023
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 month in interest, which is...

Truzo Launches Africa-Focused Digital Escrow Service in UK

March 03, 2023
Truzo has launched its Africa-focused digital escrow service in the United Kingdom. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Bitcoin Daily: Head Of Bitcoin Escrow Firm Charged With Stealing $7M

July 26, 2019
The head of a bitcoin escrow company has been charged with defrauding investors for $7 million. Get the Full Story Complete the form to unlock this article and enjoy unlimited...