Social Security Administration, Deputy Commissioner for Finance, Assessment and Management, Office of Acquisition and Grants, 1710 Gwynn Oak Avenue, Baltimore, MD, 21207-5279

70 -- SSA SEEKING CONTRACTOR TO DETECT UNREPORTED DEPOSITORY ACOUNTS AT FINANCIAL INSTITUTIONS SOL 061200 DUE 063000 POC Monica Yankle, Contract Specialist, Phone 410-965-9591, Fax 410-966-5982, Email monica.yankle@ssa.gov -- Wayne Mcdonald, Contract Specialist, Phone 4109659480, Fax 4109659560, Email wayne.mcdonald@ssa.gov WEB: Visit this URL for the latest information about this, http://www.eps.gov/cgi-bin/WebObjects/EPS?ACode=R&ProjID=061200&LocID= 2422. E-MAIL: Monica Yankle, monica.yankle@ssa.gov. The Social Security Administration (SSA) is considering acquiring the services of a contractor who has the capability and resources to effectively and efficiently detect unreported depository accounts at financial institutions. The anticipated period of performance is for a base year with 2 one-year options. The Request for Proposal (RFP) for this requirement is scheduled for release on or about August 15, 2000; proposals will be required 30 days thereafter. Today there are more than 6.7 million Federal SSI recipients in the United States. To be eligible for SSI benefits, recipients must meet specific income and resource criteria. To determine the initial and continuing entitlement to benefits, SSA needs to verify both the income and assets of these recipients. As part of its plan to improve management of the SSI program, SSA is exploring ways to make the current financial institution account verification process more efficient and effective. The objective is to devise a means of detecting unreported depository accounts at financial institutions using the customers name and social security number as the identifying information. It is believed this process will save significant taxpayer dollars by avoiding benefit payments to ineligible recipients. Under Section 213 (Access to Information Held by Financial Institutions) of the Foster Care Independence Act of 1999 (Public Law 106-169), SSA was provided with the right to obtain from any financial institution any record containing an applicant or recipient's eligibility to benefits. It allows SSA to obtain the information without furnishing the financial institution a copy of the authorization. Requests submitted under this provision are deemed to meet the requirements of the Right to Financial Privacy Act. To date, Thomson Financial Publishing located at 4709 West Golf Road, 6th Floor, Skokie, Illinois 60076 is the only company identified by SSA that has the capability for detecting unreported depository accounts at financial institutions using the customers name and social security number as the identifying information. Thomson Financial Publishing serves as the Official Registrar of the Routing Number System for the American Bankers Association (ABA); they are purportedly the single source for assigning and retiring routing numbers for every institution that meets the criteria established by ABA; and it is believed that every financial institution in the US must come to them to be assigned, to retire, or to change a routing number. In their capacity as Official Registrar of the Routing Number System for the ABA, they collect, process, and maintain a worldwide database of current worldwide information on financial institutions. Any responsible firm that feels it has the capability to provide this requirement and has similar capabilities and resources as Thomson Financial Publishing may respond in writing no later than June 30, 2000 with capability statements and information describing in full detail their capabilities to accomplish SSA's objective. Additionally,respondents should cite specific examples of their experience in detecting unreported depository accounts at financial institutions using the customers name and social security number as the identifying information. FAXED RESPONSES ARE NOT PERMITTED. Questions concerning this announcement may be submitted via email. This is not a request for quotations. The Government does not intend to pay for information provided in response to this announcement, respondents should refer to AVPMMY600. Posted 06/12/00 (D-SN463661). (0164)

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