•September 11, 2019•
The Social Security Administration today announced the first potential group of selected participants for its new electronic Consent Based Social Security Number (SSN) Verification (eCBSV) service. The agency will roll out the service to these users in June 2020, and plans on expanding the number of users within approximately six months of the initial rollout.
“Our new electronic SSN verification service will help to reduce synthetic identity fraud by comparing data provided electronically by approved participants with the agency’s records,” said Andrew Saul, Commissioner of Social Security. “This will provide fast, secure, and more efficient SSN verifications for the financial services industry and customers using their services.”     Login or Subscribe to read the rest of this story.