Retail Compliance Solutions
REDUCE RISK & DRIVE MORE SALES
Lyons Commercial Data has been serving the retail industry with quality verification and compliance solutions since 1989. Whether you need to verify identities or approve a payment online, through your call center, an automated phone system, or integrated software solution, you can leverage Lyons Commercial Data to mitigate risk, ensure compliance, and streamline operations for your organization.
COMPLIANCE SOLUTIONS THAT MEET YOUR RISK REQUIREMENTS
Lyons Commercial Data KYC (Know Your Customer) and OFAC compliance solutions support retailers’ due diligence and risk mitigation requirements with compliance tools that provide the appropriate level of analysis for your organization. Whether implemented as online screening tools or integrated into your existing applications, Lyons Commercial Data screening capabilities will help you avoid conducting business with interdicted parties from embargoed countries and terrorist organizations, as well as traffickers, money launderers and specially designated individuals.
PAYMENT PROCESSING SUPPORT
Lyons Commercial Data facilitates millions of annual transactions by providing up-to-date data on U.S. retailers. Actively managed with a dedicated content management team, the Lyons database provides you with accurate domestic retailer data including ABA (current, previously used, retired) and ACH routing numbers, and much more! You can select access to any of this information via online search tools, customized flat files (Custom Databases), or via real-time web services.
PATRIOT ACT COMPLIANCE
The Patriot Act, which amends the Bank Secrecy Act (BSA), was adopted in response to the September 11, 2001 terrorist attacks. The Patriot Act is intended to strengthen U.S. measures to prevent, detect, and prosecute international money laundering and the financing of terrorism. These efforts include anti-money laundering (AML) tools that impact the retail community. The provision of the Patriot Act that has resulted in the most substantial business practice changes in the retail industry revolves around “know your customer” requirements applicable to specific retailers.
