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Digital Identity, Security & Online Fraud

AmTrust Title, CertifID team up for wire fraud prevention

Friday 12 October 2018 | 11:33 AM CET

AmTrust Title has partnered with CertifID for wire fraud prevention, paying for the use of CertifID on all Amtrust-insured transactions as well.

AmTrust will cover the costs associated with the transactional use of CertifID for its network of title agents. CertifID allows title agencies to securely send and confirm wiring instructions and guarantees each wire up to USD 1 million. Moreover, the platform uses proprietary digital device analysis and knowledge-based authentication sequencing to verify the identity of both parties engaging in a wire transaction.

The company’s agents will join with CertifID’s current client base to take advantage of streamlining the flow of wire information to their customers, without the need for additional usernames and passwords. This also eliminates the necessity for agents to make countless phone calls to validate wire information saving valuable processing time.

More: Link
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