Removing Barriers Blog

ECBSV application deadline is JULY 31, 2019
Posted July 29, 2019 by CUNA Advocacy

This post is courtesy of the CUNA Compliance Community!

Just a reminder that the final enrollment deadline for submitting applications to be eligible to use the Social Security Administration’s (SSA) new electronic Consent Based Social Security Number (SSN) Verification (eCBSV) service must be received by 6 pm EST on July 31, 2019.  Any credit union that is not selected for the initial rollout after submitting a valid application will be eligible to re-submit a full application and user agreement for the later expanded rollout. However, any credit union that chooses not to submit a valid application before the close of the July 31, 2019 deadline must wait until the next open enrollment period which could be up to a two-year wait.  Note that participation in the eCBSV is purely optional and is a business decision for each credit union.

Section 215 of the Economic Growth, Regulatory Relief, and Consumer Protection Act directed SSA to modify or develop a database for accepting and comparing fraud protection data (defined to mean a combination of an individual's name, including the first name and any family forename or surname, SSN, and date of birth, including month, day, and year)  that is provided electronically by a permitted entity. Therefore, SSA is creating eCBSV, a fee-based SSN verification service.  eCBSV will allow permitted entities to verify an individual's SSN based on the SSN holder's signed consent. Based on the SSN holder's consent, permitted entities will be able to submit fraud protection data to SSA via an application programming interface for each verification request.

For the initial rollout in June 2020, SSA will select a limited number of permitted entities, based upon the earliest date and time of the receipt by SSA of a fully completed application.  SSA plans an expanded rollout, within the six months following the initial rollout, to all permitted entities that applied before the July 31, 2019 deadline but were not selected.  SSA will select permitted entities from the following categories:

Financial Institutions with an estimated annual transaction volume of:

  • One million or less transactions, or
  • 1,000,001 or more transactions.

Every credit union selected could be required to pay an initial administrative fee of $3,693 and an annual tier-based transaction charge based on their estimated annual volume, in addition to the credit union’s prorated portion of 50 percent of the estimated program startup costs.  Minimum start-up costs can range from $3000 to $5000 depending on annual transaction volume.  Keep in mind there are many other potential fees associated with participation in this program.

Permitted entities who wish to enroll, must:

To read the SSA federal register notice, click here.