Fidelity National Forms Escrow Service

Fidelity National Financial Inc. said that one of its units has formed a separate company to provide online escrow services. Fidelity, a Santa Ana-based title insurer, said escrow.com will operate as an Internet transaction intermediary and provide a secure place for the transmission of funds and merchandise between a buyer and seller by placing the funds in escrow, confirming verification and receipt of merchandise by the buyer, and subsequent release of funds to the seller. The escrow service was formed by Fidelity’s Micro General Corp. unit, which provides information technology services.