The Electronic Consent Based SSN Verification Service

Technology continues to re-shape how consumers seek out and utilize financial services. As this innovation takes hold, it has presented one undeniable truth: For financial institutions making the move to digital, the risk of identity fraud increases. To help address these new challenges and reduce risk, financial institutions have increasingly focused on data "sources of truth" to authoritatively answer whether a key piece of identity information is valid or not. Frequently, these sources are government entities: The Social Security Administration (SSA) for SSNs, the IRS for income and other tax transcript data, and state departments of motor vehicles for drivers license data are some examples.

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The Electronic Consent Based SSN Verification Service

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