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NACHA Compliance - Lyons Commercial Data

NACHA Compliance

ACH ORIGINATORS OF WEB DEBITS: ACCOUNT VALIDATION

NACHA rule changes will require ACH originators of WEB debit to add account validation as part of their fraud detection system. This NACHA rule change is planned to go into effect March 19,2021. Lyons Commercial Data is a NACHA partner and provides several options so ACH originators can have the tools to meet new rules. Stay compliant and reduce fraud by implementing our account verification tool. This tool can assist in ACH account validation by confirming that the correct bank account number is used in a transaction.
NACHA Compliance - Lyons Commercial Data

ABA ROUTING NUMBERS AND NACHA COMPLIANCE

To reduce the number of administrative returns entered in the ACH Network, NACHA compliance requires companies originating ACH transactions to use commercially reasonable procedures to verify that routing numbers are valid for WEB and TEL ACH transactions. One way to do this is to verify the length and the check digit of the routing number, and to make sure it is properly formed. However, verifying the length cannot prevent the use of the routing number.

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OPTIONS FOR COMPLIANCE

Lyons Commercial Data™ provides offers iBankRegistry™ Routing Number Verification  and iBankRegistry™ Account Verification.  iBankRegistry™ validation tools are separate products, but can easily be added together to verify accounts and routing numbers in one system. Our verification tools help daily operations in being proactive to quickly access accurate information required by Nacha

Lyons Commercial Data

ACCOUNT OWNERSHIP AUTHENTICATION

The Account Ownership Authentication tool provides instant verification of bank ownership in real-time. Quickly validate the owners of a business or consumer bank account in real-time.This comprehensive fraud detection and compliance product is available using a Web Service/ API; allowing instant bank account ownership verification in your system.

OFAC Compliance - Lyons Commercial Data

IBANKREGISTRY™ ROUTING NUMBER VERIFICATION

Quickly validate ABA routing numbers with the most accurate and up-to date-information using iBankRegistry™ Routing Number Verification. Lyons Commercial Data™ provides this tool to assist payment processors with Nacha compliance and perform ABA Number Verification at a reasonable cost per transaction.

NACHA Compliance - Lyons Commercial Data

IBANKREGISTRY™ ACCOUNT VERIFICATION

Reduce the risk of returns and fraudulent transactions with iBankRegistry™ Account Verification.  Get instant account validation to increase fraud protection and to stay compliant with Nacha’s upcoming rule changes. Streamline daily operations with account validation that can be used within your software or accessed online.

NACHA Compliance - Lyons Commercial Data

iBankRegistry™ Routing Number Verification Options:

Access the iBankRegistry™ ABA routing number database in real-time online.

Download the routing number database in any format or as a flat file for integration with payment processing.

XML based web services can be easily integrated with a wide array of programming languages and platforms. Applications accessing the routing verification web services use Simple Object Access Protocol (SOAP) to process information requests between the data servers. Visit our RTN number developer documentation resources.

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