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March 27, 2023

On the wires

Equifax Introduces New OneScore Scoring Model to Help Expand Access to Credit and Drive Financially Inclusive Lending

PR Newswire

"Equifax® continues to support financially inclusive lending with the launch of OneScore, a new consumer credit scoring model that combines the company's leadership in alternative data insights with the power of the Equifax Cloud™ to provide U.S. lenders and service providers with a more comprehensive financial picture of credit seeking consumers. OneScore is unique to the industry because it is the first single score to combine traditional credit history with telecommunications, pay TV and utility payment data on over 191 million consumers, as well as Equifax DataX and Teletrack specialty finance data on 80 million consumers - including payment history from non-traditional banks and lenders - potentially increasing credit scores by up to 25 points and the scorable population by more than 20 percent."

March 3, 2023

On the wires

Kount, an Equifax Company, Announces New Identity and Payments Platform

PR Newswire

"Kount, an Equifax® company, announced the launch of Kount 360, a new identity and payments solution powered by the Equifax Cloud™. Kount 360 integrates the full suite of Kount products within a single platform and user interface to help businesses prevent digital fraud and achieve operational efficiency by removing the need to manage multiple point solutions."

November 17, 2022

On the web

NMI Partners With Kount, an Equifax Company, to Enhance Advanced Fraud Protection for Independent Software Vendors

NMI.com

“NMI, a leading full commerce-enablement technology company, today announced a product collaboration with Kount, an Equifax Company, and the leader in digital identity trust, fraud, and chargeback prevention, to enhance fraud protection for independent software vendors (ISVs), independent sales organizations (ISOs), and merchant partners. Kount solutions from Equifax are designed to detect and prevent fraud for e-commerce, m-commerce, and card-not-present transactions. Through this partnership, Kount technology will be made available to NMI’s customer base on top of the company’s proprietary solution, NMI Advanced Fraud Prevention, which sets extensive filters to detect suspicious transactions before they are approved. Payment fraud is on the rise, considering merchant losses to online payment fraud are expected to exceed $206 billion between 2021 and 2025. Layering Kount technology on top of the NMI Fraud Prevention platform is designed to provide ISVs, ISOs, and merchants with a greater ability to detect and mitigate fraud through the Kount real-time risk analysis and fraud assessment capabilities. This will also be the first third-party solution available in NMI’s App Marketplace and further expands the company’s ability to support full commerce enablement.”

March 23, 2022

On the web

Tech workers are upset their companies are sharing payroll data with Equifax. Here’s what’s going on

Washington Post

“A Google worker last month posted on an internal forum that they’d recently learned the company was sharing detailed payroll information with Equifax, a data broker infamous for getting hacked and losing the data of millions of people in 2017.  Why exactly was Google doing that, and what could the company do to make sure workers’ information wasn’t being shared against their will? The post attracted attention internally, according to two workers who participated in the virtual town hall and spoke on the condition of anonymity for fear of retribution, and employees voted for it as one of the top questions they wanted executives to answer at the company’s regular town hall meeting.”

July 22, 2019

On the web

Equifax to Pay at Least $650 Million in Largest Data-Breach Settlement Ever

New York Times

“The credit bureau Equifax will pay at least $650 million and potentially significantly more to end an array of state, federal and consumer claims over a 2017 data breach that exposed the sensitive information of more than 147 million people. The breach was one of the most potentially damaging in an ever-growing list of digital thefts. The settlement, which was announced on Monday and still needs court approval, would be the largest ever paid by a company over a data breach. The deal requires Equifax to put a minimum of $380.5 million into a restitution fund for American consumers who file claims showing that they were financially harmed.”

September 20, 2018

On the web

March 8, 2018

On the web

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