Tagged: equifax

March 25, 2024 @ 2:14 pm By Omar Faridi  |  

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

March 3, 2024 @ 10:00 pm By Omar Faridi  |  

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

October 29, 2023 @ 10:55 pm By Omar Faridi  |  

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

October 13, 2023 @ 11:10 am By JD Alois  |  

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

September 23, 2023 @ 6:04 pm By Tony Zerucha  |  

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

September 3, 2023 @ 12:11 pm By Omar Faridi  |  

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

August 21, 2023 @ 6:47 am By Omar Faridi  |  

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

August 9, 2023 @ 4:34 pm By Omar Faridi  |  

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

July 23, 2023 @ 5:40 pm By Omar Faridi  |  

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

June 21, 2023 @ 9:27 am By Omar Faridi  |  

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

May 24, 2023 @ 8:53 am By Omar Faridi  |  

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

May 14, 2023 @ 11:49 am By Omar Faridi  |  

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

May 6, 2023 @ 10:19 am By Omar Faridi  |  

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

March 13, 2023 @ 4:53 pm By Omar Faridi  |  

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

March 1, 2023 @ 3:34 pm By Omar Faridi  |  

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

January 3, 2023 @ 4:44 pm By JD Alois  |  

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

August 17, 2022 @ 8:25 am By Omar Faridi  |  

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

August 10, 2022 @ 11:49 am By JD Alois  |  

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

July 27, 2022 @ 10:32 pm By Omar Faridi  |  

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

June 13, 2022 @ 7:38 pm By Omar Faridi  |  

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