Tagged: equifax

Equifax Cloud enabled Solution to Assist Lenders with Mortgage Qualification Process

Equifax (NYSE: EFX) has launched a new solution, The WorkNumber Report Indicator, enabled by the Equifax Cloud to empower lenders by delivering a  Equifax credit report with an indicator of “employment status earlier in the mortgage qualification process.” The current lending environment requires a fuller view… Read More

Equifax Fraud Report Reveals 89% of Canadians Expect More Protection

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Concerns about fraud are escalating among Canadians, with a new Equifax Canada survey revealing that 89% believe companies must do more to protect personal data. Seniors and Quebec residents are particularly worried, demanding stronger fraud prevention measures and broader fraud education. Key findings 55% believe… Read More

CFPB Orders Equifax to Pay $15M Fine for “Improper” Investigations of Credit Reporting Errors

The Consumer Financial Protection Bureau (CFPB) took action against Equifax, the nationwide consumer reporting agency, for its failure to conduct “proper investigations” of consumer disputes. The CFPB found Equifax (allegedly) “ignored consumer documents and evidence submitted with disputes, allowed previously deleted inaccuracies to be reinserted… Read More

Equifax, Mastercard Beef Up Latin American Fraud-Protection Services

Equifax (NYSE: EFX) and Mastercard (NYSE: MA) have joined forces to empower Latin American financial institutions, payment service providers, acquiring banks, and merchants to overcome payment fraud challenges without disruption to the customer experience. Enhanced fraud management tools, including Mastercard Identity, Ethoca Alerts and Ethoca Consumer Clarity, are now available to Mastercard… Read More

Equifax Launches Merchant Data Network to Provide Visibility into the Financial Profiles of Small Businesses

Equifax (NYSE: EFX) has launched a new Merchant Data Network, an Equifax Cloud™-based data network to help provide greater visibility into the financial profiles of U.S small businesses. Designed to give lenders and service providers the “increased confidence they need to extend capital in a… Read More

Workday and Equifax to Streamline Employment and Income Verification Process

Workday, Inc. (NASDAQ: WDAY), a provider of solutions to help organizations manage their people and money, and Equifax (NYSE: EFX), a global data, analytics and technology company, today announced a partnership to help make employment and income verifications for Workday customers’ employees easier and faster… Read More

Kompliant Teams Up with Digital Solutions Unit at Equifax to Provide Fraud Prevention Solutions

Building on its promise to provide customers with a best-in-class experience while decreasing compliance risk, Kompliant, a provider of intelligent automation, is further elevating the merchant underwriting process, by announcing a partnership with the Digital Solutions team at Equifax to provide the powerful suite of… Read More

Equifax Launches Enhanced Mortgage Verification Solution

Equifax (NYSE: EFX) has launched a new solution, All Employers Within 90 Days, in support of its commitment “to providing an extensive set of verification solutions for the mortgage industry.” Powered by The Work Number, All Employers Within 90 Days “allows credentialed lenders to verify… Read More

Borrowell Launches Credit-Building Tool for Renters

This week, Borrowell, a Canadian company, launched a program allowing renters to report up to 24 months of past rent payments to Equifax Canada with no landlord involvement required. By providing renters the ability to report past rental payment history, Borrowell said Canadians can finally… Read More

Neo Financial Enhances Services to Assist Canadian Newcomers with Establishing Credit Profiles

Neo Financial announced that the Neo Secured Credit card, along with all Neo credit card products, will now report to Equifax Canada, in addition to its existing reporting to TransUnion, giving Canadians a full credit profile for broader lender acceptance. The Neo Secured Credit card… Read More

Equifax Workforce Solutions to Streamline Digital Onboarding, Tax Withholding Processes

Equifax (NYSE: EFX) Workforce Solutions continues to help businesses transform the employee experience with the launch of Forms HQ, a new offering designed to help automate the delivery, completion, and tracking of essential employee forms, “including those related to onboarding, tax withholding, state requirements, annual notices,… Read More

Equifax Releases Security Report Focusing on Compliance and Privacy Controls

Equifax (NYSE: EFX) released its 2023 Security Annual Report, documenting the company’s continued commitment to security leadership through constant adaptation and proactive protection. The fourth annual report outlines how Equifax “increased efficiency, reduced friction and strengthened continuous controls governance across its internal security program, while… Read More

Money Saving App Snoop Launches Credit Score Service in Partnership with Equifax

Snoop, the money-saving app, has recently launched a free credit score service in partnership with Equifax, making it the “first” to combine money management and credit score in one app. Having a good credit score plays a big part in accessing loans, borrowing at lower… Read More

Real-Time KYB Services: Equifax Launches Business Verification Solution

Equifax (NYSE: EFX) is launching a real-time, Know Your Business (KYB) online Business Verification Solution offering “to help U.S. lenders and businesses of all sizes make faster, more informed decisions before onboarding new accounts or vendors.” New business applications in the United States have “been… Read More

Equifax to Support Remote Onboarding Services with a Virtual Component of its I-9 Anywhere Solution

Equifax (NYSE: EFX) is addressing the growing demand for flexible, remote onboarding services by offering a virtual component of its I-9 Anywhere solution. This enhancement will make it easier “for eligible employers to streamline their onboarding processes and enhance new hire experiences.” The new capability… Read More

UK FCA Fines Equifax £11 million for Security Breach of Consumer Information

The UK Financial Conduct Authority (FCA) has fined Equifax Ltd £11,164,400 for a security breach that exposed UK consumer’s information. The FCA says the security breach is one of the largest cybersecurity breaches in history. The FCA notes that in 2017, hackers accessed the personal… Read More

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 Assists Employers with Streamlining Unemployment Claim Process via SIDES Determinations and Decisions Exchange Integration

Equifax (NYSE: EFX) has launched an integration with the State Information Data Exchange System (SIDES) Determinations & Decisions (DD) exchange, “building on the company’s market-leading position in the unemployment claims and cost management space.” With this integration, the DD exchange is directly “connected to the Equifax… 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

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