The Social Security Administration (SSA) developed Consent Based SSN Verification (CBSV) to protect vital business interests.
CBSV provides 100% accurate results from the SSA Master File and Death index. Safe-Screen partners with enrolled SSA Agent company to offer this superlative service.
If you are NOT using Consent Based SSN Verification, you are allowing unauthorized applicants into your system. CBSV should be submitted for each applicant to confirm that the individual is who they claim to be.
CBSV Provides direct access to the SSA Master File and Death Index. Most accurate matching of Name, SSN, Date of Birth, and Death Indicator Online access with instantaneous results via wet-signed Form SSA-89. Fraud mitigation to reduce losses, bad and negligent hires, unauthorized applicants and workers.
Not Using CBSV?
You’re at greater risk of ID theft and in jeopardy of tarnishing your business reputation by allowing preventable fraud.
Up to 35% of operational losses are fraud-related.
What We Know
– Office of the U.S. Inspector General (OIG) reveals that CBSV is a deterrent to ID theft and fraud
– SSN Trace products (Credit Headers and Proprietary Databases) are flawed, polluted, easily manipulated, contain stale data
– Perpetrators exploit system vulnerabilities with fraudulent identities which are called Synthetic Identity Theft (SIT)
– Government agencies (such as IRS, ICE, FinCEN, CFPB) have increased their enforcement practices
– The best defense is from official governmental source data and action is needed to protect vital business interests
– This is an issue of national security, and the importance of this service cannot be overstressed
– CBSV is Used for Any Business Purpose
– Employment and Tenant Screening
– New Accounts: Depository accounts, Clients, Members, Students, Policyholders, Volunteers, Licenses, Permits, etc.
– Loan originations: Auto, Personal, Mortgages
– Security: Fraud and Special Investigative Units / Insurance Adjustment / Forensic Accounting /Claims Adjusting
– Compliance: Customer Identification Programs (CIP) and KYC, FTC Red Flags Rule, Fannie Mae LQI,Dodd-Frank Act
Contact Safe-Screen to see how you can implement this Superlative Personal Identifier Validation solution.