Regulatory Compliance, Financial Services 17 Jan 2025 compliance, financial institutions, social security, subscription fees, fraud protection, ecbsv

💼Tier Subscription Expansion and Fee Decrease for e

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.

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