VA RFI: Fraud Prevention Solution for Financial Service Center (FSC)

Notice ID: 36C10A21Q0171

“The purpose of this RFI is to identify qualified contractors and an effective and efficient fraud prevention solution for the Department of Veterans Affairs (VA) Financial Service Center (FSC). The VA FSC is a fee-for-service organization that processes and issues payments for approximately 1.7 million commercial invoices valued at $21 billion annually. Additionally, the VA FSC adjudicates and pays over 1 million claims for Veterans’ care every month. It is vital payments are disbursed promptly and accurately.”

“The VA FSC is requesting a named solution offering, along with a rough cost estimate, to prevent fraud, risk, and scams associated with key accounts payable processes and elements.”

1. The required solution’s key accounts payable process and elements should include but not be limited to:

  • Preventing account takeover
  • Assessing the integrity of payment transactions
  • Domain name validity and verification
  • Bank Accounts and Electronic Funds Transfer (EFT)
  • Payment and disbursement protection
  • Vendor Registration and Management (i.e. Veterans, Healthcare Providers, Commercial including various sizes and industries, etc.)

2. Solution capabilities shall include but not be limited to:

  • Providing real-time verification of bank account status
  • Providing real-time bank account ownership identity
  • Providing real-time data to identify and authenticate customer and business identities
  • Providing real-time data to confirm domain and email…”

Read more here.

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