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Ed McDonnell Named to DirecFunds Board of Directors

CINCINNATI   September 23, 2022 — Digital payment solution provider DirecFunds has named real estate services veteran Ed McDonnell to its Board of Directors.

DirecFunds is the developer of an electronic payment system designed to eliminate wire fraud in business transactions by delivering a reliable, secure environment in which funds move safely and quickly. The technology serves multiple industries, including mortgage, real estate and settlement services.

McDonnell is the CEO and Founder of Columbia, South Carolina-based McDonnell and Associates, a multi-state general practice law firm with an emphasis on real estate law, title development and settlement services. He is also the Owner/President of real estate-focused businesses ProcessFast and Boomerang Title. He has served the financial services industry for over 20 years, with much of that experience focused on the closing and settlement phase of the mortgage transaction.

“Cyber criminals have found the real estate industry to be an easy and rewarding target in recent years, which has resulted in the loss of millions of dollars,” said McDonnell. “DirecFunds has developed a solution that will dramatically improve the way real estate, mortgage and title businesses protect themselves, clients, buyers and sellers from fraud risks, and it’s a privilege to be a part of that process.”

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About DirecFunds


Cincinnati-based DirecFunds is a leading payment solution technology provider dedicated to delivering an answer to the ever-growing threat of wire fraud. Its digital payment platform and cloud-based infrastructure allow consumers and businesses to transfer funds easily, reliably, quickly and, above all, securely. DirecFunds envisions a world where e-commerce can thrive without the threat of financial loss during a monetary transaction. Its understanding of its clients and their industries enables a solution that simply makes sense, and is not reliant on a heavy investment of time and money from users. Learn more at

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