Irvine, CA – August 8, 2003 Escrow.com, a wholly owned subsidiary of iLumin Software Services, Inc., today announced it has launched the ability to pay for escrow services with British Pounds (GBP). The new multi-currency capability offered by Escrow.com adds a new convenience for an active base of Internet users.
Escrow.com has become synonymous with fraud mitigation through the offering of secure, flexible and fast funds transfer. The use of Escrow.com services in a transaction allows the seller to know that buyers from many international locations can purchase from the seller, and that the funds are secured before the seller ships the goods. Buyers are comfortable with the fact that a third, secure party is holding their funds until such time that they receive and inspect the goods, and that upon completion of those steps, the funds will be released to the seller.
“Our move into multi-currency capabilities adds more convenience to international online shopping,” said Adrienne Cole, General Manager, Escrow.com. “We are finding that the use of our service for international customers is continuing to grow and we believe that the offering of additional currencies will help facilitate that growth.”
Escrow.com offers the freedom for anyone, anywhere to buy and sell online – within a regulated escrow environment. Escrow.com is licensed and accredited to provide escrow and settlement services both nationally and internationally.
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About Escrow.com, Inc.
Escrow.com, an Irvine, CA based company, and its operating subsidiaries are wholly owned subsidiaries of iLumin and provide transaction and payment settlement solutions, including licensed escrow services, to facilitate and accelerate e-commerce. Escrow.com offers a secure transaction settlement engine that automates all necessary components for completing online transactions, including ongoing progress tracking, performance monitoring of all participants, proactive communications to drive process flow, and reliable collection and disbursement of funds to all parties. For more information, please visit: www.escrow.com.
About iLumin Software Services, Inc.
iLumin provides world-class intelligent message surveillance, archival and management, email security, encryption, and electronic signatures products and solutions. With over 100 implementations and over 1 million licensed users on iLumin products, iLumin is the leader in providing trusted, secure and compliant solutions for the financial, government, health care and corporate markets. iLumin investors include: DB Capital Venture Partners, MidOcean Partners, Rock Creek Capital, Softbank and Wachovia Strategic Ventures. For information about iLumin, email info@iLumin.com or call 703.481.8627.
Contacts:
Escrow.com
Adrienne Cole
949.790.5800
acole@escrow.com
Escrow.com European Inquiries
Gareth Evans
+44.1787.319853
gevans@iLumin.com