Equifax Workforce Solutions Welcomes 3,000th Client to The Work Number
Service, Coldwater Creek
Equifax Expands Delivery of Instant Employment Verifications to 225 Million
ST. LOUIS, Nov. 19, 2013 (GLOBE NEWSWIRE) -- Equifax Workforce Solutions, a
leading provider of human resource, data, analytics and verification services,
today announced its 3,000^th employer client for The Work Number^®, the
nation's premier employment and income data source. Coldwater Creek, Inc.
(Nasdaq:CWTR), a leading specialty retailer of women's apparel, jewelry, and
accessories, joins the ranks of a consistently growing list of employers that
benefit from having a compliant process in place for handling inbound
verifications of their workforces' employment information.
Through The Work Number service, Equifax Workforce Solutions removes the
employer's burden of fulfilling verification requests received on employees as
they engage in consumer activity. Rather than try to manage urgent and
cumbersome inbound verification requests, Coldwater Creek, and all other
clients provide payroll information each pay period so that Equifax Workforce
Solutions can manage verifications on their behalf. This removes
administrative costs and burdens, and more importantly helps protect employee
information and mitigate risk to their organization concerning control over
the release of sensitive data.
"We want to ensure that our employees are being served in the best way
possible.Equifax offers our workforce the fastest and most secure employment
verifications possible," said Katie Maurer, senior vice president, Human
Resources at Coldwater Creek.
Dann Adams, president of Equifax Workforce Solutions added that, "Perhaps the
biggest beneficiaries are the employees at Coldwater Creek. Whether buying a
car, refinancing a mortgage, or applying for a credit card or assistance
programs, employees can expect an expedited decision regarding access to the
credit they deserve and assurances of a controlled release of information
guided by the Fair Credit Reporting Act."
Through The Work Number service, Equifax Workforce Solutions can instantly
fulfill inbound verification requests due in large part to direct interfaces
with organizations seeking to determine consumer eligibility.
"This milestone attainment for employers subscribing to The Work Number
service is also great news for decision-makers who are dependent on
third-party employment verifications as part of their eligibility
determination process," says Michael Kuentz, senior vice president at Equifax
Verification Services. "With instant access to over 225 million payroll
records, credit lenders and government assistance decision-makers can better
remove risk from their applicant process and help keep the economy moving
Established in 1995, The Work Number service has seen steady, consistent
growth, resulting in more than 70 percent of the Fortune 500 outsourcing their
employment and income verification functions to Equifax Workforce Solutions.
Use by small and mid-market employer organizations, including federal, state
and local governments, has also been on the rise as the 3,000^th employer
client milestone was attained. Equifax Workforce Solutions remains committed
to engaging a broader range of employers and verifiers to subscribe to the
service to meet their business needs.
Additional information on The Work Number service can be accessed at:
Equifax (NYSE:EFX) is a global leader in consumer, commercial and workforce
information solutions that provide businesses of all sizes and consumers with
insight and information they can trust. Equifax organizes and assimilates data
on more than 600 million consumers and 81 million businesses worldwide. The
company's significant investments in differentiated data, its expertise in
advanced analytics to explore and develop new multi-source data solutions, and
its leading-edge proprietary technology enable it to create and deliver
unparalleled customized insights that enrich both the performance of
businesses and the lives of consumers. Equifax Workforce Solutions (also known
as TALX), an Equifax business unit, is a leading provider of human resource,
data, analytics and verification services.
Headquartered in Atlanta, Equifax operates or has investments in 18 countries
and is a member of Standard & Poor's (S&P) 500® Index. Its common stock is
traded on the New York Stock Exchange (NYSE) under the symbol EFX. In 2013,
Equifax was named a Bloomberg BusinessWeek Top 50 company, was #3 in Fortune's
Most Admired list in its category, and was named to the InfoWeek 500 as well
as the FinTech 100. For more information, please visit www.equifax.com.
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Equifax Workforce Solutions
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