In addition to the increase in acceptance of cybercurrencies, several payment services have emerged as alternatives to automated clearing house (ACH) transactions and wire transfers. Because of this, updates to good funds laws should ensure new transfer methods have the same level of security, stability, payment assurance and consumer protection as the ones the industry currently relies upon. ALTA’s Digital Process Impact Work Group developed principles that should be considered when amending good funds laws as well as best practices title and settlement agents should consider when accepting digital funds from consumers.

[eGuide] Access 'The Title Operator's Guide to Implementing ALTA Best Practices' from Qualia.