Payload, a rapidly growing fintech, announces a partnership with Premier Data Services to launch an integration with SoftPro, the nation’s leading provider of closing, escrow and closing software. The integration will deliver secure, fully embedded electronic payments for real estate closing disbursements and payouts. At a typical real estate closing, seven to ten parties receive various payment types that may include broker/agent commissions, underwriter fees, title search fees, taxes, payoffs, seller proceeds, among others; traditionally, proceeds are issued through a mix of legacy check and wire payments.

“The title industry is experiencing significant digital transformation with the introduction of RON, e-signature, and electronic content management,” said Zach Jacob, Vice President of Partnerships at Payload. “Yet the payment landscape remains heavily reliant on check and wire, presenting multiple inefficiencies at the most critical point of the transaction, the exchange of money.” Wire transfers are oftentimes expensive, lack any meaningful reconciliation data, and remain the primary target for payment fraud. According to American Land Title Association’s (ALTA) 2021 Wire Fraud and Cyber Crime Survey, title insurance professionals reported cyber criminals attempting to trick employees to wire funds to a fraudulent account in one-third of all real estate and mortgage transactions.

Check payments are notoriously manual and slow, and oftentimes lost or delayed due to mailing system inconsistencies. Check fraud is also on the rise, with the Federal Trade Commission (FTC) reporting a 65% increase in check scams since 2015 levels. The Payload Payouts API is designed to harness the Automated Clearing House (ACH) and Real Time Payments to send payments to any person or business. ACH transactions offer users built-in fraud protection through its inherent payment traceability and recourse features.  “The Payload API offers powerful customization capabilities that allow us to design a fully embedded user experience,” said Jay Roberts, PDS Chief Technology Officer. “At a fraction of the cost of check or wire, SoftPro users can send same-day digital payments from within our system and enjoy several administrative and reporting features to automate the payment workflow from start to finish.”

Zoltán is a self-taught publisher and events organizer who has developed several brands and services that have increased the notoriety of his company within multi-billion dollar industries. In 2018, he has become a TEDx speaker and talked about reputation management in the digital era. As Co-Founder of HIPTHER Agency, Zoltan has helped develop highly respected online news portals, virtual and in-person conferences that cater to multiple industries on 5 continents. Among the developed brands and services you can find online news portals that cover several tech industries, gaming, blockchain, fintech, artificial intelligence, and more. In parallel, the company has built a portfolio of annually organized boutique-style conferences in Europe and North America. All the events organized by his company focus on bringing a wealth of information about the latest innovation in several industries such as Entertainment, Technology, Gaming and Gambling, Blockchain, Artificial Intelligence, Fintech, Quantum Technology, Legal Cannabis, Health and Lifestyle, VR/AR, eSports and many more. Zoltan enjoys writing articles on all portals owned by the HIPTHER Agency, talking at conferences, hosting the weekly HIPTHER Talks Podcast, and loves spending time with his family. Zoltan is a duathlete who enjoys training for different international competitions which include running and cycling.