Anniversary Milestone for IDentifier Validation (IDV) from CID, LLC

Arcadia, Calif. — 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.

CID, one of the first enrolled companies in the SSA’s CBSV program, offers this unique service via an easy-to-use web platform interface to enhance and strengthen SSN verification processes for the credit and collection industry and other businesses.

The IDV™ service 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.

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

IDV™ is used for the verification of credit and collection applications, pre-employment/volunteers, tenant screening, financial/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. Synthetic Name Fraud and CPN (Credit Profile Numbers) 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.

“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, net charge-offs, and bad hires while protecting the customer base and participating organization.

About Computer Information Development, LLC
Computer Information Development, LLC, an ACA International member company, is a leading provider of fraud remediation, enforcement and location acquisition/recovery services to financial sector industries. Company principles have been in the credit and collection industry since 1971.

Founded in 2001, CID provides fraud analysis to locate and recovery services with a proven track record of success through diligence. They are active members of ACA International and work closely with government and private sector resources in the battle against increasing exposure to fraud along with its associated losses to the business community.

For further information regarding this topic and the benefits of working with Computer Information Development, LLC, please contact Jim Mc Cain at 888-438-8330 or jmccain@idvalidation.net and visit www.IDValidation.net