IDVâ„˘ begins second year of service as the only web-based platform for Consent Based SSN Verification to combat Fraud and Identity Theft
Online PR News – 06-December-2010 – – ARCADIA, CA - Computer Information Development, LLC (CID), a leading provider of fraud remediation services, announced the milestone anniversary of their state-of-the-art IDentifier Validation (IDVâ„˘) program through the Social Security Administrationâ€™s (SSA) Consent Based Social Security Number Verification (CBSV) service.
CID, one of the first enrolled companies in the SSAâ€™s CBSV program, offers this unique service via an easy-to-use web interface to enhance and strengthen SSN verification processes.
IDVâ„˘ is directly linked to the SSA Master File and Death Index to supply official verification of Social Security Number, Name, Date of Birth, Gender and Death Indicator (if SSA records reflect the SSN holder is deceased).
It provides instantaneous real-time results allowing registered companies to verify personal identifiers of customers and clients directly from the official government issuing authority to mitigate the risk of fraud and identity theft.
IDVâ„˘ is used to verify: new hire pre-employment applicants, tenant screening, credit/loan applicants, patient verification, student applicants, and other business purposes.
It offers leading-edge compliance with state and federal regulations involving Customer Identification Programs as well as the FTCâ€™s Red Flags Rule, Fannie Maeâ€™s Loan Quality Initiative, Dodd-Frank Wall Street Reform and Consumer Protection Act, and other compliance requirements.
IDVâ„˘ stops credit thieves. Synthetic Name Fraud (name and date of birth with a stolen SSN) and CPN theft (Credit Profile Numbers) are thwarted by IDVâ„˘. It will be of paramount importance to use IDVâ„˘ when the SSA changes the way SSNs are issued beginning June 25, 2011. â€śSSN Randomizationâ€ť will affect the SSN assignment process making it impossible to determine State of Issuance.
â€śAccording to the Federal Trade Commission, there are tens of millions more credit profiles than there are consumers. Why would a company rely on stale or erroneous data from a credit header or algorithm when they can now go instantly to the official governmental record resource?â€ť says Paul Campione, CEO of CID. â€śIDVâ„˘ gives the most accurate information straight from the SSA issuing authority and is superior to any other SSN verification method.â€ť
Companies and organizations across the business spectrum use IDVâ„˘ because it is the premier method of SSN verification. IDVâ„˘ reduces losses, charge-offs, and bad hires while protecting the customer base and participating organization.
About Computer Information Development, LLC
Computer Information Development, LLC is a leading provider of fraud remediation, enforcement and location acquisition/recovery services to financial sector industries. Founded in 2001, CID provides fraud analysis to locate and recovery services with a proven track record of success through diligence. They are active members of ACA International and work closely with government and private sector resources in the battle against increasing exposure to fraud along with its associated losses to the business community.
Company principles have been in the credit and collection industry since 1971 and their experienced staff of analysts have specific industry competencies in the delivery of superior service.
All brand names, trademarks, or registered trademarks are the property of their respective holders.
For further information regarding this topic and the benefits of working with Computer Information Development please contact Jim Mc Cain at 888-438-8330 and visit IDValidation.net