Equifax

Equifax Announces New Expedited Options for Manual Verifications of Income

Retrieved on: 
Friday, September 30, 2022

ATLANTA, Sept. 30, 2022 /PRNewswire/ -- Today, Equifax® (NYSE: EFX) announced enhancements to its manual verification of income (VOI) service from Equifax Workforce Solutions with Priority Next Day™ and Priority Two Day™ options, designed to help expedite the research process when information is not instantly available via The Work Number® database. As a result of these Priority enhancements, Equifax is further positioning itself as a resource of choice for customers to complete the verifications they need in support of quicker, more confident decisioning.

Key Points: 
  • As a result of these Priority enhancements, Equifax is further positioning itself as a resource of choice for customers to complete the verifications they need in support of quicker, more confident decisioning.
  • "Our customers rely on rapid verifications of income to help them meet the needs of consumers in today's fast-paced world,"said Scott Maxfield, Vice President for Verifications at Equifax Workforce Solutions.
  • Priority Next Day and Priority Two Day offerings deliver low-risk, high-value solutions by only charging customers for a completed Priority order.
  • For more information on Priority verifications of income and other verification services available from Equifax Workforce Solutions, click here .

Ping Identity Announces 2022 Identity Excellence Awards Finalists

Retrieved on: 
Thursday, September 29, 2022

DENVER, Sept. 29, 2022 /PRNewswire/ -- Ping Identity (NYSE: PING), the intelligent identity solution for the enterprise, announced the finalists for its sixth annual Identity Excellence Awards, honoring the best-in-class identity programs from global organizations. Winners will be announced during the company's annual user conference, Ping YOUniverse on October 6, at the Lost Pines Resort in Austin, TX. 

Key Points: 
  • DENVER, Sept. 29, 2022 /PRNewswire/ -- Ping Identity (NYSE: PING), the intelligent identity solution for the enterprise, announced the finalists for its sixth annual Identity Excellence Awards, honoring the best-in-class identity programs from global organizations.
  • Finalists for the 2022 Identity Excellence Awards have developed innovative identity management projects that enhance security and facilitate a better customer experience.
  • Each company is hand-selected by Ping Identity's leadership team based on its unique and forward-looking approaches to identity security.
  • "Our customers inspire us every day by offering innovative digital experiences using our identity management solutions," said Andre Durand, CEO and founder of Ping Identity.

Equifax Canada: Most small businesses want governments to do more to offset the rising cost of goods

Retrieved on: 
Thursday, September 29, 2022

Half of respondents (49 per cent) cited their leading concern as the cost of goods, followed by supplier product availability (42 per cent) and staffing (32 per cent).

Key Points: 
  • Half of respondents (49 per cent) cited their leading concern as the cost of goods, followed by supplier product availability (42 per cent) and staffing (32 per cent).
  • Inflation and higher interest rates are beginning to weigh on the cash flow of small businesses, said Jeff Brown, Head of Commercial Solutions, Equifax Canada.
  • Small business owners are juggling more now even as the pandemic becomes less of a concern.
  • With interest rates continuing to hike, the quarters ahead might prove to be even more stressful for Canadian small businesses to manage.

Equifax Expands Operations in Costa Rica

Retrieved on: 
Wednesday, September 28, 2022

SAN JOSE, Costa Rica, Sept. 28, 2022 /PRNewswire/ -- Equifax® (NYSE:EFX) has expanded its international operations with a new Global Business Services (GBS) Center site in Torre Universal, San Jose which also supports the company's leading credit data and analytics business in Costa Rica and Latin America. This new site will drive ongoing innovation in technology, the Equifax Cloud™, cybersecurity and operational excellence. Existing Equifax facilities in Costa Rica are certified carbon neutral and the new site is undergoing Leadership in Energy and Environmental Design (LEED) gold certification, a recognized symbol of sustainability achievement and leadership that underscores the Equifax commitment to carbon neutrality by 2040. With this expansion, Costa Rica becomes the second largest Equifax location worldwide.

Key Points: 
  • New Global Business Services Center Site Supports Company's Global Operations and Leading Credit Data and Analytics Business in Costa Rica and Latin America; Strengthens Global Equifax Cloud, Cybersecurity and Operational Innovation
    SAN JOSE, Costa Rica, Sept. 28, 2022 /PRNewswire/ -- Equifax (NYSE:EFX) has expanded its international operations with a new Global Business Services (GBS) Center site in Torre Universal, San Jose which also supports the company's leading credit data and analytics business in Costa Rica and Latin America.
  • "I'm energized by our growth and expansion in Costa Rica and see our Global Business Services Centers as critical drivers of Equifax business innovation and growth in Costa Rica, Latin America, and our global operations in the years to come," said Mark W. Begor, CEO of Equifax.
  • Equifax began its operations in Costa Rica in 1995 as one of the first multinational organizations to establish a global technology center in the region.
  • Jairo Quiros, GBS Senior Vice President and Site Leader for Costa Rica, continued: "Over the last three decades, Equifax has grown our operations and investment in Costa Rica, from the creation of jobs to collaboration with higher education.

myFICO: How to Manage Credit Card Debt During Inflation

Retrieved on: 
Tuesday, September 27, 2022

And according to data from credit reporting agency Equifax and the New York Federal Reserve Bank, it appears that some Americans are relying on credit card debt to keep up.

Key Points: 
  • And according to data from credit reporting agency Equifax and the New York Federal Reserve Bank, it appears that some Americans are relying on credit card debt to keep up.
  • In total, Americans carry $890 billion in credit card debt, just shy of the all-time high of $930 billion in the fourth quarter of 2019.
  • Increasing credit utilization ratio: Your credit utilization ratio is the percentage of your card's credit limit that you're using at a given time.
  • Consider a balance transfer credit card or personal loan to consolidate a large credit card balance.

VeraScore Pioneers Financial Health Platform to Displace Traditional Credit Rating Models

Retrieved on: 
Tuesday, September 27, 2022

SAN FRANCISCO, Sept. 27, 2022 /PRNewswire/ -- VeraScore, an innovative AI platform for measuring consumers' financial health, is introducing a SaaS-based model that will allow lenders to more accurately and fairly extend credit. This will enable them to increase their pool of borrowers while lowering the risk of extending new loans. According to the Federal Reserve Bank of New York, there is currently more than $16 trillion in consumer credit outstanding, but financial institutions are not able to properly measure and assess over 45 million additional Americans who do not have an accurate credit score.

Key Points: 
  • SAN FRANCISCO, Sept. 27, 2022 /PRNewswire/ -- VeraScore, an innovative AI platform for measuring consumers' financial health, is introducing a SaaS-based model that will allow lenders to more accurately and fairly extend credit.
  • VeraScore, an innovative AI platform for measuring consumers' financial health, is introducing a SaaS-based model that w
    VeraScore's patent-pending platform is fundamentally different to the legacy credit rating model.
  • While FICO scores, and those provided by Experian, TransUnion, and Equifax, are one-time snapshots that rely on weeks-old reporting from lenders, VeraScore delivers detailed near real-time analysis of a consumer's financial health.
  • VeraScore is an innovative AI platform for measuring and managing financial health.

Equifax Chief Information Security Officer Jamil Farshchi Appointed as a Strategic Engagement Advisor for the FBI

Retrieved on: 
Tuesday, September 27, 2022

ATLANTA, Sept. 27, 2022 /PRNewswire/ -- Equifax (NYSE: EFX) today announced that Chief Information Security Officer Jamil Farshchi has been appointed as a Strategic Engagement Advisor to the Federal Bureau of Investigation (FBI). In this role, which expands on his Equifax responsibilities, Farshchi will support the FBI's efforts to strengthen their relationship with the private sector and will support the Bureau in addressing the range of cyber threats facing businesses across America.

Key Points: 
  • ATLANTA, Sept. 27, 2022 /PRNewswire/ -- Equifax (NYSE: EFX) today announced that Chief Information Security Officer Jamil Farshchi has been appointed as a Strategic Engagement Advisor to the Federal Bureau of Investigation (FBI).
  • "Over the last four years, Equifax and the FBI have created a powerful blueprint for public-private partnership," said Jamil Farshchi, Executive Vice President and Chief Information Security Officer of Equifax.
  • Through a collected effort, we can improve information sharing, bolster corporate resilience, and strengthen national security."
  • Prior to Equifax, Farshchi was Chief Information Security Officer of The Home Depot, Chief Information Security Officer of Time Warner, Vice President of Global Information Security for Visa, Chief Information Security Officer of the Los Alamos National Laboratory, and Deputy Chief Information Assurance Officer of NASA.

Loans Canada Launches Free Credit Score Portal and places No. 131 on The Globe and Mail's fourth-annual ranking of Canada's Top Growing Companies

Retrieved on: 
Friday, September 23, 2022

131 on the 2022 Report on Business ranking of Canada's Top Growing Companies.

Key Points: 
  • 131 on the 2022 Report on Business ranking of Canada's Top Growing Companies.
  • In addition to Loans Canada's recent growth, the comparison platform is excited to announce its relationshipwith credit reporting agency Equifax Canada.
  • Canadians are now able to access their Equifax credit score for free using Loans Canada's new user portal.
  • With its growing presence, Loans Canada is able to assist hundreds of thousands of Canadians every year with a variety of financial services.

Equifax, Experian and TransUnion Extend Free Weekly Credit Reports in the U.S. Through 2023

Retrieved on: 
Friday, September 23, 2022

The three nationwide credit reporting agencies Equifax (NYSE:EFX), Experian (LON:EXPN) and TransUnion (NYSE:TRU) are taking joint action to continue offering free weekly credit reports to consumers in the United States through the end of 2023.

Key Points: 
  • The three nationwide credit reporting agencies Equifax (NYSE:EFX), Experian (LON:EXPN) and TransUnion (NYSE:TRU) are taking joint action to continue offering free weekly credit reports to consumers in the United States through the end of 2023.
  • View the full release here: https://www.businesswire.com/news/home/20220923005030/en/
    The companies' CEOs provided a joint statement on the decision to extend free weekly credit reports through 2023.
  • Consumer credit reports are a factual record of credit activity and payment history used by lenders, creditors, service providers and other businesses to extend financial opportunities and other offers to people.
  • Consumers can access their free weekly credit reports from each of the three credit reporting agencies at www.annualcreditreport.com .

Equifax, Experian and TransUnion Extend Free Weekly Credit Reports in the U.S. Through 2023

Retrieved on: 
Friday, September 23, 2022

ATLANTA and COSTA MESA, Calif. and CHICAGO, Sept. 23, 2022 /PRNewswire/ -- The three nationwide credit reporting agencies – Equifax® (NYSE:EFX), Experian (LON:EXPN) and TransUnion (NYSE:TRU) – are taking joint action to continue offering free weekly credit reports to consumers in the United States through the end of 2023. This benefit will help consumers manage their financial health during a period of rising inflation and unprecedented economic uncertainty coming out of the COVID-19 pandemic.

Key Points: 
  • The companies' CEOs provided a joint statement on the decision to extend free weekly credit reports through 2023.
  • Credit reports play an important role in financial health, and providing weekly reports for consumers at no charge is another way that we can support financial education and stability for people across the U.S. at this critical time."
  • Consumer credit reports are a factual record of credit activity and payment history used by lenders, creditors, service providers and other businesses to extend financial opportunities and other offers to people.
  • Consumers can access their free weekly credit reports from each of the three credit reporting agencies at www.annualcreditreport.com .