Equifax Inc Stock Price, News & Analysis

Equifax (NYSE: EFX) is set to host a special edition of its Market Pulse webinar titled "Accelerating Access to Credit" on June 24, 2021. The discussion, moderated by Sid Singh, President of USIS, will feature insights from Christopher Wheat of JPMorgan Chase Institute and Kahlil Byrd of Invest America. The webinar will address the challenges faced by 26 million "credit invisible" Americans and explore the role of alternative data in financial inclusion. This initiative aims to foster a more inclusive financial system and support underserved communities.

Equifax (NYSE: EFX) has launched OneView™, a cloud-based report that integrates real-time income and employment data from The Work Number® database, enhancing decision intelligence for lenders. This tool aims to assist up to 7 million consumers with thin or no credit files in gaining better access to credit. The OneView report offers a consolidated view of credit insights and can increase approval rates by over 5% for certain credit portfolios. It allows businesses to customize reports for improved decision-making efficiency.

Equifax (NYSE: EFX) has promoted Lisa M. Nelson to President of Equifax International, effective immediately. Nelson, who has been with the company since 2011, previously served as Group Managing Director for Equifax Australia/New Zealand and has a record of driving growth and innovation. Under her leadership, she will oversee operations in 23 countries, focusing on leveraging cloud technology for growth and innovation. Melanie Cochrane will succeed her in Australia/New Zealand, bringing extensive experience from American Express.

Equifax (NYSE: EFX) announces its free virtual conference, Ignite LIVE 2021, scheduled for May 25, 2021, from 10am-2pm ET. The event will address digital convergence in the financial services sector, highlighting the need for businesses to adapt to evolving customer demands. Key topics include strategies for combating digital identity fraud, leveraging Explainable AI in credit expansion, and innovations through the InnovationX platform. Equifax aims to facilitate discussions on market challenges and foster financial inclusion through this conference.

Equifax Workforce Solutions is enhancing its manual verification services to improve turnaround times for income and employment verifications. New express options will complement existing services and leverage their cloud-native infrastructure. With over 25 years of experience, Equifax handles nearly 6,000 manual verification requests daily, aiming to provide comprehensive verification solutions. The Work Number database supports almost two-thirds of the U.S. non-farm payroll and collaborates with over one million employers, enhancing its verification capabilities.

Kount, a subsidiary of Equifax, has launched the Kount Dispute and Chargeback Management Solution, aimed at enhancing fraud prevention and reducing chargebacks for e-commerce businesses. This solution integrates with major card brand systems and uses AI to streamline dispute management in real time. It helps businesses save time and money by handling disputes promptly, improving customer experiences, and allowing for automatic refunds. The launch comes at a crucial time as digital transactions rise, increasing the risk of disputes and fraud.

Kount, an Equifax company, has announced a collaboration with Ethoca, a Mastercard company, to enhance its Dispute and Chargeback Management Solution. This new offering integrates Ethoca Alerts and Consumer Clarity™, aiming to improve fraud prevention and streamline dispute resolution for merchants. Key benefits include reducing chargebacks through real-time alerts, enhancing customer experience with detailed purchase information, and enabling businesses to resolve disputes before they escalate. The solution is available now for merchants looking to enhance their fraud management capabilities.