include employment, income and social security number verification services. The company’s online verification services enable direct third-party verifiers including various governmental agencies, mortgage originators, credit card and automotive lenders and pre-employment screeners to verify the employee’s employment status and income information. The company also offers an offline research verification service, which expands employment verification to locate data outside its existing automated database. The Work Number is the company’s key repository of employment and income data serving its verifier business and enabling employer human resource services. The company relies on payroll data received from approximately 5,300 organizations, including almost 3 quarters of Fortune 500 companies, to regularly update the database. The updates occur as employers transmit data electronically to Equifax from their payroll systems. Employers contract to provide this data for specified periods under the terms of contracts which range from one to five years. The company uses this data to provide automated employment and income verification services to third-party verifiers, as well as enabling employer services, such as unemployment claims, I-9 and eVerify transactions and employer tax credits opportunities. Employer Services: These services are aimed at reducing the cost to the human resources function of businesses through a suite of services including assisting with employment tax matters designed to reduce the cost of unemployment claims through claims representation and management and processing and to better manage the tax rate that employers are assessed for unemployment taxes; comprehensive services designed to research the availability of employment-related tax credits (the federal work opportunity and welfare to work tax credits and state tax credits), and to process the necessary filings and assist the client in obtaining the tax credit; W-2 management services (which include initial distribution, reissue and correction of W-2 forms); paperless pay services that enable employees to electronically receive pay statement information, as well as review and change direct deposit account or W-4 information; integrated electronic time capture and reporting services; paperless new-hire services to bring new workers on board using electronic forms; I-9 management services designed to help clients electronically comply with the immigration laws that require employers to complete an I-9 form for each new hire; and onboarding services using online forms to complete the new hire process for employees of corporate and government agencies. The company also offers analytical services enabling its customers to better understand the demographic profile and key statistical metrics of their workforce. In addition the company provides software and services to employers to assist in compliance with the Affordable Care Act through partnerships with government agencies. Personal Solutions The company’s Personal Solutions products give consumers information to enable them to understand and monitor their credit and monitor and help protect their identity primarily through its Equifax Complete, ID Patrol, Credit Watch and Score Watch monitoring products. Consumers can obtain credit file information about them and Equifax or FICO credit scores. Equifax products also offer monitoring features for consumers who are concerned about identity theft and data breaches, including credit report monitoring from all three bureaus, internet and bank account monitoring, lost wallet support, and the ability to lock and unlock the Equifax credit file. The company’s products are available to consumers in the United States, Canada, and the U.K. directly primarily over the Internet and indirectly through relationships with business partners who distribute its products or provide these services to their employees or customers. The company also sells consumer and credit information to resellers who combine its information with other information to provide direct to consumer monitoring, reports and scores. Intellectual Property The company owns variou
equifax inc (EFX:New York)
1550 Peachtree Street, N.W.
Atlanta, GA 30309
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