Tuesday, August 28, 2012
USPS provides guidance on NCOA
The United States Postal Service now hands out a card explaining how to use NCOA (National Change of Address) online. The instructions include the use of a credit card to verity identity, and the receipt of a confirmatory email (much like a password reset email with link).
That’s good as far as it goes; what I have proposed before (Sept. 25, 2006) was the idea that every financial product or loan application be checked against an off-line database, which could be NCOA on a mainframe, in order to verity that the consumer will actually receive billing notices and know that an account was taken out.
I already missed a legitimate account (if cheesy) from an airline recently; the first bill never arrived. I paid if off; soon I’ll check my credit score to assess the “damage”.