Pay Lynxs has a strong financial services compliance background and supports over 150 depository institutions with compliance services for KYC, Sanction Screening, Suspicious Activity Monitoring, FinCEN filing and Fraud investigations.
Some of key advantages for the Pay Lynxs Title 31 solution include:
· Our transaction aggregation and auto CTR detection logic takes into account multiple scenarios that are often overlooked by less experienced providers.
· We are a direct FinCEN batch filer, which offers the greatest level of automation for SAR and CTR filing (no more logging into the BSA eFiling Web site).
· We invest more in our user interface and usability (UI/UX) making our product one of the easiest to learn and use.
· We offer an option for a native iPad app for staff that need to be on the floor and mobile, which can support bar code and MRZ block scanning if needed.
· We offer self-service configuration so that your Title 31 officer can adjust and control settings, including threshold amounts to prompt for the SSN, transaction types by user, and user types by function (tables, sports, slots, pit, cashier, etc.).
· Anonymous guest tracking with the ability to merge with real guest, when applicable.
· Title 31 compliance is our exclusive specialty. All our product investments and development are focused on improving compliance automation.
· We are integrated with over 25 different source / transaction systems so we integrate faster than more providers because of our experience with integrations.
Pay Lynxs started in 2006 with an international money transfer software product, in 2013 Pay Lynxs launched SimpliRisk its compliance platform to support BSA, AML, OFAC, and Fraud detection and investigations for depository institutions.
In 2019 Pay Lynxs expanded the SimpliRisk platform to service the casino market by adding a specific transaction track app module for MTL/MIL logging and real-time KYC verifications. As of 2022 Pay Lynxs supports over 190 companies using the SimpliRisk platform and over 80% of the company’s revenue are earned from the SimpliRisk platform. All of our investment and focus is concentrated with expanding and improving the compliance and Title 31 functionality that support our SimpliRisk client base.
Pay Lynxs partnered with CASINOMONEY in 2019 to offer a best of breed solution for cash, ATM and Title 31 services for the casino market. Pay Lynxs is unique in the casino industry because of their strong background with depository institutions and their position in the market is advantageous because they don’t compete with the other vendors, therefore third party vendor collaborate and integrate with them more easily because they are not a threat to displacing their other products and services with a casino. When working with Pay Lynxs you get a company completely focused on Title 31 automation, oriented towards working with community institutions, and delivering one of the easiest to use systems in the market.