Anniversary Milestone for IDentifier Validation (IDV ) from Computer Information Development, LLC
Consent Based SSN Verification (CBSV) enters third year and IDV begins second year of service as the only web-based platform for CBSV to combat Fraud and Identity Theft for US businesses

ARCADIA, CA, December 05, 2010 /24-7PressRelease/ -- Computer Information Development, LLC (CID), a leading provider of fraud remediation services, announced the milestone anniversary of their state-of-the-art IDentifier Validation (IDV ) program through the Social Security Administration's (SSA) Consent Based Social Security Number Verification (CBSV) service which mitigates fraud and identity theft for US businesses and organizations.

CID, one of the first enrolled companies in the SSA's CBSV program, offers this unique service via an easy-to-use web interface to enhance and strengthen SSN verification processes for businesses across the US.

IDV is directly linked to the SSA Master File and Death Index to supply official verification of Social Security Number, Name, Date of Birth, Gender and Death Indicator (if SSA records reflect the SSN holder is deceased).

It provides instantaneous real-time results allowing registered companies to verify personal identifiers of customers, clients, and applicants directly from the official government issuing authority to mitigate the risk of fraud and identity theft.

IDV is used to verify: new hire pre-employment applicants, tenant applicants, credit/loan applicants, patient verification, student applicants, and other business purposes.

It offers leading-edge compliance with state and federal regulations involving Customer Identification Programs as well as the FTC's Red Flags Rule, Fannie Mae's Loan Quality Initiative, Dodd-Frank Wall Street Reform and Consumer Protection Act, and other compliance requirements.

IDV stops credit thieves who are now selling stolen SSNs on the Internet. Synthetic Name Fraud (ones own name and date of birth with a stolen SSN) and CPN (Credit Profile Number) theft are thwarted by IDV .

It will be of paramount importance to use IDV when the SSA changes the way SSNs are issued beginning June 25, 2011. "SSN Randomization" will affect the SSN assignment process making it impossible to determine State of Issuance. Businesses are vulnerable and at risk unless they use CBSV.

"According to the Federal Trade Commission, there are tens of millions more credit profiles than there are consumers. Why would a company rely on stale or erroneous data from a credit header or algorithm when they can now go instantly to the official governmental record resource?" says Paul Campione, CEO of CID. "IDV gives the most accurate information straight from the SSA issuing authority and is superior to any other SSN verification method."

Companies and organizations across the business spectrum use IDV because it is the premier method of SSN verification. IDV reduces losses, charge-offs, and bad hires while protecting the customer base and participating organization.

Press Release Contact Information:

Jim Mc Cain
Computer Information Development
General Manager
713 W. Duarte Rd, Ste 106
Arcadia, CA
USA 91007
Voice: 888-438-8330
Website: Visit Our Website