CertifID, a leader in wire fraud protection for the real estate industry, announced Tuesday that it has acquired Paymints.io, a solution that enables digital money transfers by title companies, law fi...
CertifID further extends its leadership as the most comprehensive fraud protection platform available for the title and real estate industry
AUSTIN, Texas & GRAND RAPIDS, Mich.: CertifID, a leader in wire fraud protection for the real estate industry, announced Tuesday that it has acquired Paymints.io, a solution that enables digital money transfers by title companies, law firms, and real estate brokerages. The acquisition marks a significant step forward in CertifID’s position as the most trusted partner for the industry to secure real estate transactions.
According to the FBI, $1.9B in funds have been stolen from U.S. consumers and businesses in the past decade due to cybercrime in the real estate nexus. CertifID reports that as many as 1 in 20 home buyers and sellers become victims of fraud during a real estate closing. With the addition of digital payments via its acquisition of Paymints.io, CertifID extends the protection it provides customers in combatting cybercrime and delivering safe closing experiences for clients. The combined capabilities provide customers:
According to the Co-Founder and CEO of Paymints.io, Jason Doshi, "Joining forces with CertifID allows us to accelerate our shared vision of modernizing real estate payments while ensuring unprecedented security. Together, we're creating a new standard for how funds move through real estate transactions – one that combines convenience with security."
"The combination of CertifID and Paymints.io will be a game changer for us," said Yvonne Deardorff, President & CEO of Lakeside Title Company. "We successfully use both technologies today, and we are looking forward to now looking at them as one complete solution. The ability to verify, pay, insure, and mitigate risks from a single vendor further cements CertifID as our most trusted partner to keep our customers' funds safe."
"This acquisition represents more than just a combination of two innovative companies – it's about transforming the transparency and security of how payments are made," said Tyler Adams, CEO and Co-Founder of CertifID. "We're creating an unprecedented platform that will secure the movement of Good Funds for our customers at every step of a real estate transaction, from the moment a buyer submits their earnest money deposit until the seller's mortgage is paid off. This is the future of secure real estate transactions."
Paymints.io customers will continue to use the existing product while the features are integrated into the CertifID platform. New or existing customers can learn more at certifid.com/payments or by registering to join the virtual launch event on January 16 at 11am ET.
About CertifID
CertifID is a leader in wire fraud protection. The company safeguards billions of dollars every month from fraud with advanced software, direct insurance, and proven recovery services. Trusted by title companies, law firms, lenders, real estate agents, home buyers and sellers, and others, CertifID provides further peace of mind with up to $2M in direct coverage on every wire it protects. Learn more at: www.certifid.com.
About Paymints.io
Paymints.io is a SOC 2 Type II certified, digital payments solution focused on elevating the payment experience in real estate transactions. The platform offers a variety of payment solutions including earnest money deposit, cash to close as well as secure client and vendor disbursements. The company has been recognized as a HousingWire Tech100 and an Electronic Transactions Association Top 10 Payments ISV. For more information, visit www.paymints.io.
Fonte: Business Wire
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