As Congress continues to consider ways to modernize and strengthen the IRS’ taxpayer authentication procedures, the American Bankers Association joined eight other finance and housing groups in calling for a modern, secure and fully integrated business to government solution for taxpayer authentication. Such a system “would be more beneficial for data security than a piecemeal approach,” they noted.
ABA has been engaged with the IRS throughout the modernization of its systems, including the Income Verification Express Services which plays a critical role in the mortgage lending process. The IRS last year also introduced a new Secure Access security protocol to help ensure the security of sensitive consumer data.
