By: Doug Nguyen
The Social Security Administration has begun the initial rollout of its new electronic Consent Based Social Security Number (SSN) Verifi cation (eCBSV) service. The agency is rolling out the service to selected participants through 2020, and plans on expanding the number of users in 2021.
“Our new electronic SSN verifi cation service helps reduce synthetic identity fraud by comparing agency records with data provided electronically by approved participants,” said Andrew Saul, Commissioner of Social Security. “This is an important online service that helps us provide participants and their customers fast, secure, and more effi cient SSN verifi cations.” Social Security created eCBSV, a fee-based electronic SSN verifi cation service, to allow select fi nancial institutions and service providers, called “permitted entities” and including subsidiaries, affi liates, agents, subcontractors, or assignees of a fi nancial institution, to verify if a person’s SSN, name, and date of birth combination matches Social Security records. Social Security needs the person’s written consent and will accept an electronic signature in order to disclose the SSN verifi cation to the permitted entity. eCBSV returns a match verifi cation of “Yes” or “No.” eCBSV does not verify a person’s identity.
Social Security is committed to rolling out eCBSV to all selected permitted entities. The participants approved for the initial rollout are:
Capital One Services, LLC
Computer Information Development, LLC
Discover Financial Services Early Warning Services, LLC
Experian Information Solutions, Inc.
ID Analytics, LLC
SentiLink Corp.
Synchrony Financial
Zions Bancorporation
Each of the service providers selected can serve up to 20 permitted entities, and with the fi nancial institutions, there is the potential of 124 permitted entities participating in the initial rollout.
This announcement does not affect the existing Consent Based SSN Verifi cation service.
For more information, see: www.socialsecurity.gov/ dataexchange/eCBSV/. # # #