Enhanced SSN Accelerates KYC and Improves Customer Approval

It’s an exciting day here at Vouched, because we get to announce two new product releases that will help our customers boost revenue and enhance their fraud prevention measures.

Let us introduce you to:

1. Social Security Number (SSN) Electronic Consent Based Social Security Number Verification (eCBSV)
2. Social Security Number Verification.

For our customers in financial institutions, we’re releasing an enhanced SSN verification, eCBSV. This product analyzes an individual’s Social Security Number, name, and date of birth combination and then confirms it to the records of the Social Security Administration. This means you can improve the customer experience by providing a fast, secure, and convenient way to open an account or apply for a loan.

In protecting your financial institution and its customers, eCBSV also helps maintain your reputation as a trusted financial institution. eCBSV reduces the risk of fraud and increases the overall value for your customers.

For other businesses, we’re releasing a SSN verification that gives our customers the assurance they need to balance security and conversion. They can now verify the full 9-Digits or last 4-Digits of customers’ Social Security Number quickly, securely, and conveniently. This can be done during registration or onboarding processes, making it hassle-free for you and your customers.

Both these products are efficient ways to prevent fraud and maximize customer signup.

 

Want to learn more? Get started by reaching out to one of our team members and see how these products can benefit your organization.