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. To...
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) in the U.K., the service can now add safety and reliability to transactions between the U.K. and South Africa, Truzo...
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...
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. The middle-class and disposable incomes are growing in many African countries. Although consumers are still without formal access to traditional...
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. The middle-class and disposable incomes are growing in many African countries. Although consumers are still without formal access to traditional financial services, a growing number of them are closely tied […]
February 18, 2019
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, including the now-legalized sports betting...
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. The company made this move Wednesday (Sept. 25), it said in a filing with the Securities and Exchange Commission (SEC). “Under the terms of the plan, when the company funds the U.S. […]
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...
March 03, 2023
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) in the U.K., the service...
July 26, 2019
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 New York, part of the...
