Proptech company Zoccam has received notice of allowance from the United States Patent and Trademark Office (USPTO) of the company’s first patent on Zoccam’s platform that provides mobile payments into escrow accounts for real estate transactions. Zoccam currently facilitates transactions in 48 states.
Zoccam enables realtors and consumers the ability to send earnest money via a mobile phone application. This secure platform helps prevent wire fraud and provides more transparency during the real estate transaction.
“Zoccam’s platform addresses the challenges encountered with sending monies into the escrow account for real estate closings. This first patent provides coverage for depositing checks into the escrow account via our mobile app and coverage for other third-party payments,” said Ashley Cook, founder and CEO of Dallas-based Zoccam. “This is the first one of several that we have filed, and we will continue strengthening our intellectual property as we continue to deliver innovative solutions to the market.”
