Tagged: equifax

Equifax Fraud Report Shows Rises in Canadian Credit Card, Mortgage Fraud Rates

New data suggests an increase in fraudulent activities within the automotive, credit card, and mortgage sectors, according to the latest Equifax Canada Fraud Trends Report. The report also suggests the uptick in fraud is being driven by financial pressures faced by consumers and by bold… Read More

Equifax Introduces Smart Screen Portfolio of Consumer Reports

Equifax (NYSE: EFX) has launched Smart Screen, a new portfolio of consumer reports. Leveraging the Equifax Cloud and the TotalVerify data hub, Smart Screen accelerates the delivery of criminal background checks “when required by background screeners, employers and government agencies as part of their established hiring… Read More

Brazil: Equifax Completes Acquisition of Boa Vista Serviços

Equifax (NYSE: EFX) has completed the acquisition of Boa Vista Serviços, which claims to be the second largest credit bureau in Brazil. This strategic and financially attractive acquisition “grows Equifax‘s presence in Brazil and offers Boa Vista Serviços customers access to expansive Equifax international capabilities… Read More

Equifax Reports Solid Second Quarter in Challenging Mortgage Market

Equifax (NYSE: EFX) recently announced financial results for the quarter ended June 30, 2023. Second quarter 2023 revenue of $1.318 billion “was flat and up 1% in constant currency against a mortgage market estimated to be down 37%.” Other key details shared by Equifax include:… Read More

Equifax Announces Pre-Employment Verification Service for Hourly Workforce

Equifax (NYSE: EFX) has introduced the industry’s first pre-employment verification solution specifically tailored to employers recruiting, retaining and engaging an hourly workforce. In a competitive hourly talent market, the new Talent Report Hourly solution “supports better-informed hiring decisions by providing a full view of the… Read More

Equifax Enhances Mortgage Verification Portfolio with Employment Select+

Equifax (NYSE: EFX) is continuing its commitment to delivering the industry’s most comprehensive suite of mortgage verification solutions with the launch of Employment Select+, a new offering that “supports lenders and consumers during the critical stages of the loan closing process.” Leveraging the power of… Read More

Equifax Makes Security, Privacy Controls Framework Available to Public

Equifax (NYSE: EFX) is furthering its commitment to transparency in cybersecurity by making its security and privacy controls framework public for the benefit of security and privacy teams at organizations of all sizes. By enabling the larger technology ecosystem with the tools to design, build… Read More

Equifax Introduces Kount Essentials Application for SMBs on the Shopify App Store

Equifax (NYSE: EFX) is introducing a new Kount Essentials fraud detection and prevention application on the Shopify App Store. Specifically designed to address the fraud challenges faced by the platform’s millions of small business merchants, this enhanced technology is easy “to implement and customize for businesses… Read More

Equifax Files Registration Statement with SEC Related to Acquisition of Boa Vista Serviços

Equifax Inc. (NYSE: EFX) has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) in connection with the company’s acquisition of Boa Vista Serviços, which is reportedly the second-largest credit bureau in Brazil. Equifax and Boa Vista Serviços “entered into a Merger… Read More

Equifax Supports Financially Inclusive Lending With Expanded U.S. Mortgage Credit Reports

Equifax (NYSE: EFX) is supporting financially inclusive lending with the availability of expanded U.S. mortgage credit reports. The company is reportedly “the first National Credit Reporting Agency (NCRA) to make certain telecommunications (telco), pay TV and utilities attributes available to the mortgage industry to provide a… Read More

TransUnion, Equifax, and Experian: CFPB Slams Credit Reporting Firms as Topping the List of Complaints

The Consumer Financial Protection Bureau (CFPB) has published its annual report of consumer and credit reporting complaints which is critical of the top firms in the sector, TransUnion, Equifax, and Experian. The CFPB states that the three largest nationwide consumer reporting agencies (NCRAs) top the… Read More

Trustfolio, Equifax to Provide Debt Advisers Instant Access to Bank Transaction Data


Trustfolio Ltd, the ‘debt-tech’ collective behind the Debt Adviser Support Portal and other digital tools for creditors and third parties designed to ‘enable better debt solutions’, has partnered with Equifax (NYSE: EFX) “to launch a new feature powered by Open Banking.” The new Debt Adviser… Read More

Maxine Waters, Chair of House Committee on Financial Services, Sends Letter to Equifax Demanding Answers on Bogus Credit Scores

Chair of the House Committee on Financial Services, Maxine Waters, has sent a letter to Equifax demanding to know how they managed to distribute bogus credit scores. Representative Waters issued the following statement on the debacle: “I am alarmed at recent news reporting that for… Read More

Equifax Reveals Plan to Acquire Midigator

Equifax (NYSE: EFX) is expanding its global footprint in digital identity and fraud prevention with “a definitive agreement to acquire Midigator LLC, a provider of post-transaction fraud mitigation solutions.” With the rise of global ecommerce sales, “expected to hit $5.5 trillion in 2022, transaction disputes… Read More

Paylink Solutions Selects Equifax as Open Banking Partner

Equifax, one of the UK’s big three credit reference agencies, is entering a partnership with Fintech Paylink Solutions in order to automate its digital affordability solution using Open Banking data and APIs. Paylink Solutions provides innovative tech across the financial services and utilities sectors. Its… Read More

Credit Reporting Firms Add BNPL Data. Is this a Good Thing?

Last month, Equifax announced that it was incorporating buy now, pay later (BNPL) data in their credit files. Industry sibling Experien has already been adding at least some data to their files. BNPL has risen in popularity due to its growing accessibility and lower cost… Read More

Equifax Introduces OnboardConnect to Enhance Business Transactions

Equifax (NYSE: EFX) has introduced a solution designed to help B2B transactions occur faster, “with a higher degree of certainty and at a lower cost.” The OnboardConnect solution brings together differentiated data sources and analytics that ‘Only Equifax’ can offer to “enable near real-time business… Read More

Canadian Fintech Borrowell Celebrates Financial Literacy Month, 2M Customers

Canadian fintech Borrowell announced this week that more than two million Canadians are now members of its platform. This announcement comes during Financial Literacy Month in Canada, as Borrowell continues its mission to educate and empower consumers to take control of their financial health. “At… Read More

Equifax UK Appoints Phil McGilvray as Managing Director for Firm’s Debt Services Division

Equifax UK revealed on Monday (June 28, 2021) that they have appointed Phil McGilvray to serve as the new Managing Director for the firm’s Debt Services business, which incorporates TDX Group and Indesser. An experienced commercial leader with a career of over 20 years focused… Read More

Equifax UK Updates Flagship Credit Risk Product, Risk Navigator 5, Will Support Improved Decision-Making

Equifax UK has reportedly made updates to its flagship credit risk product, Risk Navigator 5, which should establish a new standard in supporting improved decision-making and enhancing consumer credit outcomes. Implemented using Equifax UK’s largest-ever data set, Risk Navigator 5, has demonstrated its potential to… Read More

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