Lyons Blog

  1. Jul 2020

    08

    U.S. War on COVID-19 Fraud

    Lyons Commercial Data

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    coronavirus fraud preventionCOVID-19 (Coronavirus) fraud has been a growing concern to both government and business. New fraud tactics have targeted unemployment and COVID-19 economic relief funds. Find out the challenges of the U.S. War on COVID-19 fraud and how organizations can protect themselves.
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  2. May 2020

    20

    NACHA Upcoming Changes for Online ACH Transactions

    Lyons Commercial Data

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    nacha account validationIn early 2021, NACHA will be changing compliance standards for routing number and account verification used for internet payments (WEB debits). The current iteration of the WEB Debit Account Validation Rule (Article Two, Subsection 2.5.17.4) states that originators of WEB debit entries must use a “commercially reasonable fraudulent transaction detection system” to screen for fraud. Beginning March 19, 2021, the wording of the rule will update to require “account validation” to be part of fraud screening systems.
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  3. Mar 2020

    30

    Coronavirus Masks from 3D Printer

    Joy Lockerby

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    3d printer coronavirus mask

    3D mask shown by Autoscribe employee, Plamen Gurov.

    Coronavirus OR covid-19 has impacted people and businesses all over the world. The rapid spread of COVID-19 has caused a shortage of protective masks for communities and healthcare workers. Thanks to innovative employees at the parent company of Lyons Commercial Data, Autoscribe is making protective masks using a 3D printer. (more…)

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  4. Dec 2019

    10

    Red Flags Rule Compliance Part 2: Framework for a Compliant Program

    Lyons Commercial Data

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    In an earlier blog post, we covered the basics of the FTC’s Red Flags Rule – which requires certain types of businesses and financial organizations create an Identity Theft Prevention Program designed to detect the “red flags” (i.e. signs indicative of potential identity theft activity) unique to their day-to-day operations.

    Since every business deals with different types of red flags and levels of risk, the FTC does not endorse or enforce any kind of one-size-fits-all compliance program. They have, however, provided guidelines describing the 4 core elements of ID theft prevention programs – which we’ll walk through in this blog post. (more…)

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