Rockville, MD – AutoScribe Corporation, one of the nation?s oldest and most respected providers of payment processing technology, announced today that Lyons Commercial Data is now a business unit of AutoScribe Corporation. Lyons, also based in Rockville, MD specializes in providing settlement-related data for financial institutions, identity intelligence, USA PATRIOT Act compliance solutions, and is the nation?s largest privately-held supplier of bank routing information.
“We see this as a unique strategic opportunity,” said Robert E. Pollin, President and CEO of AutoScribe, “to combine two strong and profitable companies into an integrated market leader whose scale will drive even greater growth and client value.? AutoScribe and Lyons share many clients, and there is a great deal of synergy between their product lines, Pollin said. ?The benefits of this transaction are many. The combination of AutoScribe and Lyons provides a single source for financial intelligence and transaction processing that is stronger, deeper, and greater than the sum of its parts.? Both companies will retain their names and trademarks, Pollin said.
About AutoScribe Corporation
AutoScribe® builds integrated payment technologies and provides services that bridge the gap between businesses’ core accounting systems and their payers. AutoScribe’s pioneering systems have assisted credit, sales, and collection departments accelerate cash flow, automate payment processing, and streamline front and back office administration. Since 1988, AutoScribe has set the standard for quality, innovation, and system design in payment processing applications. More than 40% of the top receivables management companies rely on AutoScribe’s solutions to process millions of payments each month. www.autoscribe.com.
About Lyons Commercial Data, Inc.
Established in 1996, Lyons Commercial Data, Inc. is the nation’s largest independent publisher of bank routing information. More than 2,500 US financial and credit institutions rely on Lyons to provide financial intelligence for transaction processing ? including bank routing information, OFAC/USA PATRIOT Act compliance, account number verification, and other services critical to transaction processing. Lyons customers include financial institutions, national and municipal government offices, insurance companies, treasury departments, and payroll processing operations throughout the United States. www.lyonsreg.com.