Wire fraud prevention software and blockchain applications for land title, SafeChain, considers that wire fraud is not a problem that can be tackled alone, and with this integration, title professionals no longer have to leave the ResWare environment to prevent wire fraud.
SafeWire’s goal is to protect real estate wire transactions, by verifying the identity of both the buyer and seller, and authenticating ownership of the accounts involved in the transaction. The company is backed by blockchain technology, and it also offers a secure portal to transmit and store wiring instructions. This way, they ensure that this information cannot be tampered with or intercepted by unauthorised parties.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.