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Social Security Strengthens Identity Proofing Requirements and Expedites Direct Deposit Changes to One-Day

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The Social Security Administration (SSA) has recently updated its identity verification processes to enhance security and expedite certain services. Effective from August 26, 2023, the SSA has implemented new identity proofing requirements for online access to personal information, aiming to protect against identity theft. Additionally, the SSA has reduced the processing time for direct deposit changes from 30 days to just one day, making it quicker for beneficiaries to receive their payments into new bank accounts. These changes are part of the SSA's ongoing efforts to modernize its services, improve user experience, and safeguard personal data. The new measures include multi-factor authentication and other security protocols to ensure that only authorized individuals can access or alter personal information.

Read the Full TheStreet Article at:
[ https://www.msn.com/en-us/money/other/social-security-strengthens-identity-proofing-requirements-and-expedites-direct-deposit-changes-to-one-day/ar-AA1BMhCI ]