Overview:

Socure eCBSV (Electronic Consent-Based Social Security Verification) is a cloud-based identity verification SaaS solution that instantly confirms a consumer’s name, SSN, and date of birth against the issuing authority. It enhances Customer Identification Program (CIP) compliance, strengthens fraud prevention, and promotes financial inclusion by verifying identities that traditional credit-based methods may miss. The solution integrates seamlessly into onboarding workflows with minimal data requirements, automating exception handling and reducing manual review processes.

Features and Capabilities:

• **Identity Verification Core: **Comprehensive match/no-match checks against authoritative SSN records. Enhances identity assurance and reduces synthetic identity risk.
• **CIP & Regulatory Compliance: **Helps meet regulatory requirements by validating consumer PII with issuing authority records, supplementing traditional KYC checks.
• **Financial Inclusion: **Expands acceptance for consumers with limited or no credit history, verifying an additional ~6–8% of previously hard-to-verify applicants.
• **Operational Efficiency: **Automates exception processes and replaces paper-based SSA-89 forms, reducing manual reviews and operational costs.
• **Low Friction Integration: **Requires only key PII (name, SSN, DOB) to verify, adding minimal friction to customer onboarding.
• **Contextual Mismatch Insight: **Unmatched records return unverified without explanation, with additional intelligence helping assess likely causes such as typos or name changes.
• **Part of ID+ Platform: **Integrated within the broader identity stack, allowing unified API implementation alongside other verification tools.
• **Security & Performance: **End-to-end encryption of PII and high-speed responses, supporting scalable, real-time onboarding workflows.