Payment Integrity Center of Excellence (PICOE) Agency Partnership Engagement: Account Verification Service (AVS)
Historically, an Agency is only able to view the respective payments they issued to a payee. Through appropriate data sharing agreements, PICOE can provide aggregated view of government-wide payment data to gain better insight into common payee identifiers such as addresses, bank accounts, and more.
With our new AVS pilot, we can now take your pre-payment validations one step further to verify whether an account is open or closed and the owner, enabling additional prevention of potentially fraudulent and improper payments. Come hear about current agency partnerships and other operational analytics efforts underway that may be able to benefit your agency!
Our Account Verification Service (AVS) agenda includes:
- PICOE Overview
- Overview of Data and Approach to Sharing
- AVS Description and Pilot Overview
- AVS Use Cases
- Compromised Accounts and How We Leverage Them
Who We Are:
The Payment Integrity Center of Excellence (PICOE) is excited to share ways we use AVS to verify and authenticate payees’ bank accounts to minimize improper payments. PICOE is integrating AVS with cross-government post-payment data to provide agencies with comprehensive data views so they can make the best possible payment related decisions.
PICOE is a community of experts within the Bureau of the Fiscal Service responsible for assisting agencies in reducing improper payments and dedicated to solving government-wide payment integrity challenges.
PICOE manages a centralized repository of government-wide Federal payments. As a result, PICOE maximizes and shares data with partner Agencies, delivering a holistic view of the payment life cycle. We provide daily support to agencies on ad-hoc data requests/projects, long-term operational projects, training, court testimony, and customizable technology solutions.
Serving as a venue for cross-governmental collaboration, we routinely connect different agencies with each other to solve mutual and often overlapping concerns. We hope this event encourages you to connect with us so that you may benefit from this new Account Verification Service and to discover or revisit our other payment-integrity offerings.
Please use the registration form below to register today. Meeting details will follow prior to the event.
Open to all federal agencies
Virtual – meeting details to follow
Thursday, September 23, 2021 | 1:00 pm - 3:00 pm ET
Payment Management. Payment Integrity Center of Excellence (PICOE)
Point of Contact:
If you have any questions, please e-mail PICOE.Outreach@fiscal.treasury.gov
Registration is now closed for this event.