Nacha Announces Lyons Commercial Data as a Preferred Partner for Routing Number, and Account & Ownership Verification

HERNDON, Va., June 29, 2020 /PRNewswire-PRWeb/ -- Lyons Commercial Data is now a Nacha Preferred Partner for Routing Number, and Account and Ownership Verification. In becoming a Preferred Partner, Lyons Commercial Data joins a select group of innovators whose offerings align with Nacha's strategies to advance the ACH Network.

"Verifying routing and account information is a critical component of minimizing risk and maintaining compliance in the ACH Network," said Nacha President and CEO Jane Larimer. "We welcome Lyons Commercial Data as our newest Preferred Partner taking steps to improve the capabilities of the modern ACH Network."

Lyons Commercial Data delivers comprehensive data intelligence solutions for financial institutions and merchants to manage their customer accounts effectively while reducing risk and improving compliance from customer onboarding to transaction processing. These solutions support the need to meet requirements such as anti-money laundering and know your customer, as well as those from Nacha and the Office of Foreign Assets Control. Additionally, Lyons provides in-depth coverage of the nation's top banks and enterprises which helps organizations grow their businesses.

"We are excited to be a Nacha Preferred Partner working with other organizations dedicated to advancing the ACH Network," said Rob Pollin, CEO, of Lyons Commercial Data, an Autoscribe company. "As an industry leader with over two decades of experience providing financial technology solutions, we are committed to working with businesses, financial institutions, and other organizations to verify routing and account information to ensure compliance."

Nacha's Preferred Partner Program is open to any technology solution provider whose offerings align with Nacha's core strategies to advance the ACH Network. Learn more about Nacha's growing community of Preferred Partners and how they can support your payments needs. For more information, visit http://www.nacha.org/Preferred-Partner.

About Nacha

Nacha is a nonprofit organization that convenes hundreds of diverse organizations to enhance and enable ACH payments and financial data exchange within the U.S. and across geographies. Through the development of rules, standards, governance, education, advocacy, and in support of innovation, Nacha's efforts benefit all stakeholders. Nacha is the steward of the ACH Network, a payment system that universally connects all U.S. bank accounts and facilitates the movement of money and information. In 2019, 24.7 billion payments and nearly $56 trillion in value moved across the ACH Network. Nacha also leads groups focused on API standardization and B2B payment enablement. Visit nacha.org for more information, and connect with us on LinkedIn, Twitter, Facebook and YouTube.

About Lyons Commercial Data

Lyons Commercial Data is a leading provider of quality U.S. financial institution data, including all current ABA routing numbers and other information critical to transaction processing. Lyons Commercial Data also offers proven solutions to financial institutions, payment processors, and other businesses, to assist them in optimizing their ACH processes, managing risk, and fraud mitigation. For more information, please visit http://www.lyonslive.com; follow Lyons Commercial Data on Twitter or on Facebook; or call 855-271-2945.

SOURCE Nacha