Fraud Analytics and ID Proofing
Active State & local contract Michigan Awarded
- Contract number
- MA250000000170
- Awardee
- Horticultural Asset Management, Inc.
- Contracting organization
- Not on record
Contract facts
- Cumulative value
- $7,296,552
- End date
- Points of contact
-
- Kristine Mills millsk11@michigan.gov (517) 242-6402
- Nathan Ebig ebign@michigan.gov (517) 282-1917
- Koppsch-WoodsK koppschwoodsk@michigan.gov (517) 243-8786
- Katina Litterini litterini@michigan.gov (517) 899-9048
- Kim Koppsch-Woods koppsch-woodsk@michigan.gov (517) 243-8786
Updated .
About this contract
This IDV provides comprehensive fraud analytics and identity proofing services to the State of Michigan through Socure, Inc.'s cloud-based platform. The contract encompasses multiple fraud prevention and identity verification modules, including ID proofing, document verification, identity fraud detection, synthetic fraud detection, address and email risk scoring, and digital intelligence capabilities. These services are designed to support multiple state agencies in detecting and preventing fraudulent activities, with particular application to tax return fraud prevention and identity verification processes across state government operations. The pricing structure is transaction-based and usage-dependent, with unit prices ranging from $0.0024 to $0.3018 per transaction depending on the specific module and contract year.
The prime contractor for this IDV is Socure, Inc., a Delaware corporation headquartered in Incline Village, Nevada, with the State of Michigan Department of Technology, Management and Budget serving as the contracting organization. The contract was awarded on December 9, 2024, with an initial performance period through December 8, 2027, and includes five one-year renewal options at the State's discretion. The total estimated aggregate contract value is $7,445,336.31, which reflects the original contract amount of $4,097,472.00, an addition of $3,199,080.00 for Treasury fraud prevention services, and a supplemental $148,784.31 for the Selfie Reverification Module. This fixed-price, transaction-based contract covers the entire State of Michigan and includes stringent data security requirements aligned to NIST SP 800-53 standards, particularly for the handling of confidential tax information.
Files
| File | Type | Posted |
|---|---|---|
| 250000000170.pdf |
Quick answers
Who holds contract MA250000000170?
Contract MA250000000170 was awarded to Horticultural Asset Management, Inc. in Michigan on December 9, 2024.
How much is contract MA250000000170 worth?
Its cumulative value is $7,296,552.
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