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Covered Federal Benefit Program

Any government program, whether federal, state, or local, that uses federal money and where a person's eligibility or the amount of their benefits is decided based partly or entirely on their income.

Enhanced Gross Income

A comprehensive list of all money a person or household receives, including wages from traditional jobs, contract work, self-employment, gig economy, unemployment, Social Security, rental income, recurring gifts, and potentially information from bank accounts if the applicant agrees.

Enhanced Income Verification Platform

A new computer system that uses advanced data analysis and real-time checks, including information from bank accounts (with permission), to find and confirm all income sources to make sure people are eligible for government benefits.

Consumer-permissioned direct access to deposit account transaction data

When an individual explicitly gives permission for a system to directly view and analyze their bank account records, including deposits and withdrawals, to verify their income and financial status.

Improper Payments

Payments made by a government program that should not have been made or were made in the incorrect amount, either too much or too little, often due to errors, fraud, or insufficient documentation.

Gig Economy

A labor market characterized by the prevalence of short-term contracts or freelance work, as opposed to permanent jobs. Examples include ride-sharing drivers or freelance designers.