Vodii has integrated CertifID’s identity verification and wire fraud prevention platform with its TxM WireSafe module, the companies announced.
Vodii customers now can authenticate the identity of all parties involved in the wire transfer and obtain up to $1 million in wire transfer protection through CertifID.
“Cyber perpetrators continue to threaten real estate transactions by diverting wire transfers through elaborate social engineering schemes,” CertifID co-founder and CEO Tom Cronkright said in a release. “We applaud Vodii’s commitment to security and taking wire fraud protection to the next level through our partnership.”
Vodii said its TxM provides a secure and holistic transaction management framework.
“Incorporating CertifID into TxM was a natural partnership since our goals are 100 percent aligned,” Vodii founder and President Matt Regan said. “As homebuyers embark on one of the biggest investments of their lives, they want to be assured that their transaction is safe from fraud – CertifID’s million-dollar guarantee is simply unparalleled.”