Numlock News: September 23, 2020 • Bears, Airplane, Moon
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By Walt Hickey Earlier this summer we launched an Instagram for Numlock, it’s worth a follow check it out. Debits In 2018, a bank going by Choice Bank in Belize went under, which is not exactly the kind of financial tremble that shows up on the global financial Richter scale. The problem was that the bank was the home to deposits on prepaid debit cards used around the world by a U.S.-based company called Payoneer. Their funds were among the $100 million in uninsured deposits totaling, meaning that amounts loaded onto such cards evaporated without any notice to the holders, many of whom had no clue they were even banking with the Belizean entity. Prepaid cards are used by millions globally — many of whom are without access to credit or banking resources, or who get paid with them, or who need to move money to family across borders — and total
Numlock News: September 23, 2020 • Bears, Airplane, Moon
Numlock News: September 23, 2020 • Bears…
Numlock News: September 23, 2020 • Bears, Airplane, Moon
By Walt Hickey Earlier this summer we launched an Instagram for Numlock, it’s worth a follow check it out. Debits In 2018, a bank going by Choice Bank in Belize went under, which is not exactly the kind of financial tremble that shows up on the global financial Richter scale. The problem was that the bank was the home to deposits on prepaid debit cards used around the world by a U.S.-based company called Payoneer. Their funds were among the $100 million in uninsured deposits totaling, meaning that amounts loaded onto such cards evaporated without any notice to the holders, many of whom had no clue they were even banking with the Belizean entity. Prepaid cards are used by millions globally — many of whom are without access to credit or banking resources, or who get paid with them, or who need to move money to family across borders — and total