Equifax Vault Verify Acquisition: Enhanced Verification Services
- * Acquisition: Equifax acquired Vault Verify on November 17th.
Here’s a breakdown of the key facts from the provided text:
* Acquisition: Equifax acquired Vault Verify on November 17th.
* Vault Verify’s Business: Vault Verify provides employment and income verification services.
* Benefit to Equifax: The acquisition enhances Equifax’s data offerings, especially for its Work Number database. It also provides another avenue for employers to submit data.
* Work Number: The acquired details will be integrated into equifax’s Work Number database, aiding consumers applying for jobs, mortgages, benefits, and financial services.
* Equifax Cloud: Equifax used its Equifax Cloud to quickly integrate Vault Verify into its operations.
* Leadership quote: Equifax CEO Mark Begor stated the integration was rapid due to the Equifax Cloud.
* Integration: Vault Verify is now part of Equifax’s Workforce Solutions business unit, and its team members have joined that unit.