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ertifID has acquired Paymints.io to enhance its capabilities in secure transactions for the real estate industry. The acquisition combines Paymints.io's digital money transfer solution with CertifID's wire fraud protection services, enabling title companies, law firms, and brokerages to securely manage funds throughout a transaction.

    The merged platform will provide extended security through greater control and visibility of fund flows, extensive payment capabilities, consumer convenience via integrated digital payments, and consolidated tools. Paymints.io's features will be integrated into CertifID's platform, with existing customers continuing to use the current product until integration is complete.

    "This acquisition accelerates our shared vision of modernizing real estate payments while ensuring unprecedented security," said Jason Doshi, co-founder and CEO of Paymints.io. The move aims to reduce manual labor, processing times, and accounting errors associated with traditional payment methods like checks and cash.

    Real estate firms are increasingly adopting digital payment methods such as cryptocurrency, virtual cards, and push payments to gain ease of use and transaction speed. According to a PYMNTS report, nearly 21% of B2B transactions in the real estate industry still rely on checks, while 4% are paid in cash.