Consumers are demanding a more seamless and digital home-buying process and the industry is ripe for cybersecurity-related losses. Due to large sums of money being transferred electronically in our industry, wire fraud is an ongoing issue. According to a 2022 ALTA (American Land Title Association) survey, only 17% of wire fraud victims recovered all their funds. Real estate transactions frequently … Read More
5 Reasons TrustFunds ACH Payments are Better than Paper Checks
TrustFunds delivers banking industry payment technology and applies it to the earnest money payment process in real estate transactions. The Automated Clearing House (ACH) is a payment network that allows electronic submission of payments by directly withdrawing a designated amount of money from a savings or checking account and depositing it into another banking account. According to the National Automated … Read More