How Corporations Can Protect Themselves From Cross-Border Payment Fraud
The advent of online technology has brought substantial benefits to businesses, allowing them to access new markets across borders. But as banking technology becomes more complex and fast-moving, fraud also increases in scope. Cross-border transactions present numerous pathways for fraudulent activities. It’s a challenge for businesses to optimize revenue and minimize losses while controlling operational […]
Meeting Know Your Customer (KYC) Requirements in Digital Transactions
Prevention of money laundering has always been a priority for federal regulators, and over the past two decades, the focus has been centered on keeping cash out of the hands of potential terrorists. The Know Your Customer (KYC) framework was originally developed to deter financial crimes, and it is still one of the most effective […]
Managing Risk With Faster Payments
With ACH now offering same-day credits and debits, business cycles are speeding up as a result. However, since a faster pace can also mean more mistakes, it is important to know how to identify the risks and mitigate them when speeding up the sales cycle. European payment processing companies are now advertising real-time settlement options, […]
NACHA Compliance: Everything You Need to Know
The business of moving money and information electronically from one bank to another is a complicated matter, and it’s in the best interest of everyone involved that the process is quick, convenient and secure. That objective is the guiding principle of the non-profit Electronic Payments Association — NACHA — which governs the activities of the […]
Ensure Compliance with ABA Routing Number Verification
Routing numbers have been a fixture for identification purposes since the American Bankers Association (ABA) introduced them in 1910. The ABA Routing Number was originally created to identify financial institutions for check processing, but its use has expanded with the growth of electronic banking practices. The routing number continues to be used to identify participants […]
Same Day ACH Explained
The Automated Clearing House (ACH) handles money transfers between financial institutions. This system is the backbone of the modern economy, allowing for credit, debit and other digital payments. ACH allows business to accept credit cards and submit the transaction for processing at the end of the day. It allows payroll to go out electronically. Dozens […]
7 Tips for Implementing RESTful API Services
APIs have been part of the IT landscape for decades. They are the glue that allows legacy systems to function with newer, cloud-based services. APIs act as translators between two types of software and need to be developer-friendly. Many businesses have faced the challenge of integrating an inventory system and an add-on system for order […]
How Know Your Customer (KYC) Compliance & Industry Reports Can Benefit Financial Institutions
Know Your Customer (KYC) compliance management has taken on increased importance for financial businesses in recent years, as regulations have become longer and more complex.
Lyons Commercial Data Updates iBankRegistry Interface
In an effort to continue modernizing Lyons Commercial Data products and services, we are excited to have launched a redesigned version of our iBankRegistry™ page. The new routing number verification page retains most all the functionalities of the old page, in addition to a few changes and new features.
Autoscribe Corporation Wins Silver in Best in Biz Awards 2017
JACKSONVILLE, FL – November 29, 2017 – Autoscribe Corporation, provider of PaymentVision and Lyons Commercial Data, has been named a silver winner in the 7th annual Best in Biz Awards, the only independent business awards program judged by members of the press and industry analysts. Autoscribe Corporation – also a winner in the Stevie Awards, Inc. […]