Over the years, Autoscribe has revolutionized how companies bill and collect payments through the PaymentVision brand which allows clients to accept all forms of payment on any payment channel. Having a number of integrations with leading billing, collections, finance, and loan management software systems, PaymentVision provides clients a seamless payment processing experience across all channels and methods of payment. Clients can integrate the solution with their ACH settlement processors to access their funds from existing bank relationships. “We have reduced the number of disparate systems or integrations needed by merchants for payment processing, centralizing their payment processing, settlement, and streamlining their back office operations,” states O'Rourke.
On the other hand, Autoscribe’s Lyons Commercial Data brand is responsible for fortifying transaction processing with quality financial institution data including bank routing numbers and other critical information. The data services provide cost-effective and reliable compliance support for ACH and check routing verification, bank account verification, OFAC, anti-money laundering, and Know Your Customer efforts. Built on their PCI-DSS certified platform, Lyons Commercial Data also ensures data security. The Lyons Commercial Data database is actively managed with a dedicated content management team that evaluates and updates financial institution records on a daily basis for accurate domestic financial institution data. “Every transaction is verified through the Lyons Commercial Data ABA database which is updated daily to ensure recent, accurate, and reliable data,” says O'Rourke.
Additionally, with the company’s risk management services, customers can gain access to an extensive, online, cloud-based library of payment processing rules and apply these rules to all payments. Autoscribe will continue to improve the consumer experience, personalization streamline payment processing, reduce points of friction, and more efficiently manage risks and compliance. “We will continue to deliver new and innovative solutions to the ever changing financial services markets,” O'Rourke concludes.