Permission Code Smart PINs eliminate the ability for criminals to reroute money during real estate closing transactions.

REAL ESTATE FRAUD

Problem:

  • Real estate escrow accounts are exposed when fraudsters change wire transfer disbursement instructions to reroute money. Attorneys and title companies that manage escrow accounts are at risk.

  • According to the most recent FBI data, $969 million is annually “diverted or attempted to be diverted” from real estate purchase transactions.

Solution:

  • Require Permission Code Smart PINs from anyone providing new or changed wire instructions.

  • Using their smart phone, legitimate parties can easily provide secure payment details. The escrow holder can confirm the instructions are authorized and came from the correct party.

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ABOUT US

 

The Authoriti Network was founded in 2017 to create new ways of preventing identity theft, fraud, and misuse of data.  Our founders have significant leadership experience dealing with InfoSec at-scale in the world's leading financial institutions.  Authoriti develops the Permission Code® platform, which uses customer-originated Smart PINs to give businesses the confidence that every transaction is authorized.      

 

 

Copyright © 2018-2020, The Authoriti Network, Inc. All rights reserved.
The Authoriti logo and the Permission Code® platform are registered trademarks of The Authoriti Network. Empowering Transaction Security™, Eliminate Friction and Fraud™, Frictionless Security. Delivered.™
and the Authoriti "A" mark are trademarks of The Authoriti Network.

 

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