💼Tier Subscription Expansion and Fee Decrease for e
Notice of Tier Subscription Expansion and Fee Decrease for Our Electronic Consent Based Social Security Number Verification Service
Summary
The Social Security Administration (SSA) is announcing two additional subscription tiers and a decrease in the fees across all tiers for the electronic Consent Based Social Security Number (SSN) Verification (eCBSV) service. In accordance with statutory requirements, a permitted entity (PE) is required to provide payment to reimburse SSA for the development and support of the eCBSV system.
Agencies
- Social Security Administration
Business Impact
$$ - Med
The regulatory notice outlines a fee decrease and the introduction of additional subscription tiers for the eCBSV service, directly affecting costs for participating entities (PEs). This creates opportunities for businesses to lower expenses related to SSN verification and enhances accessibility for smaller businesses. Compliance requirements for PEs regarding fee payment and data confidentiality are also emphasized, necessitating careful consideration by business owners.