Enrollment for SSN Verification Database Closes Today

The initial enrollment period for the Social Security Administration's (SSA) database to verify an individual's social security number closes today.

The Consent Based Social Security Number Verification (eCBSV) service will allow enrolled financial institutions to verify the identity of credit applicants, helping to reduce identity theft and other financial fraud. The service will roll out to a limited number of users in June 2020 and will expand the number of users during the second half of 2020.

Interested credit unions are encouraged to apply for access by today’s deadline as the next enrollment period could be two years away, according to the SSA. Additional details can be found in the Federal Register; the enrollment form is available here.