Category: cash
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How The Rise In Cash Offers Are Shaping the House Buyer Property Market
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Imagine you’ve found your dream home, spent days searching for the perfect mortgage, and just as you’re about to make an offer, a buyer comes along and buys the property for cash. This scenario is becoming increasingly common in the real estate market, relegating traditional buyers to the sidelines. Although…
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Wells Fargo Unveils Signify Business Cash Mastercard for Businesses
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Wells Fargo & Company (NYSE: WFC) has unveiled its latest offering for business owners, the Signify Business Cash World Elite Mastercard, designed to address needs in the cash rewards business credit card market. This new card aims to provide business owners with direct rewards and tangible value. New Business Card:…
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Police Sacco members overdraw cash on technology hitch
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Members of the Kenya National Police DT Sacco have withdrawn unknown amounts from their accounts beyond their available balances following a system glitch. The system issue, which has since been resolved, occurred on Thursday evening, resulting in 1,227 members overdrawing from their transaction accounts using the digital banking platform called…
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Poloniex Hacker Transfers Over $3.3 Million Worth of ETH to Sanctioned Tornado Cash
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The hacker behind the attack on cryptocurrency exchange Poloniex in November 2023, recently transferred more than 1,100 Ethereum (ETH) to sanctioned cryptocurrency mixer Tornado Cash. The hacker sent ether in batches while still holding over $180 million in assets across different blockchains. Poloniex Hacker’s Laundry of 1,120 ETH according to…
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RBA Sticks to Neutral Bias, Keeps Cash Rate at 12-Year High
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Breadcrumb links BMN Business Australia’s central bank kept interest rates at their highest level in 12 years in a move that was widely expected, maintaining a neutral stance that surprised markets and sent the currency lower. Article writer: Bloomberg News Swati Pandey Published on May 7, 2024 • 3 minutes…
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Banks face fresh hit from parastatals’ idle cash ban
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Parastatals in Kenya have been banned from holding idle funds in bank accounts under a new public finance reform plan that seeks to promote transparency and efficiency in the use of public resources. Treasury Minister Njuguna Ndung’u revealed that the Treasury has officially adopted a hybrid single-account model whereby ministries…
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The Cash Dash in Healthcare
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Forget paper checks collecting dust in overflowing inboxes. Banish the plastic ghosts of credit card transactions. In the healthcare SMB space, a financial revolution is afoot, driven by the ultra-convenience offered by real-time payments (RTP). It’s not just about efficiency, although the ability to settle invoices the moment services are…