Equifax Inc Stock Price, News & Analysis

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.

Equifax Inc. (NYSE: EFX) announced a quarterly dividend of $0.39 per share, payable on June 15, 2021. Shareholders of record as of May 25, 2021 will receive the payment. This marks over 100 consecutive years of cash dividends from Equifax, reflecting the company's commitment to returning value to its shareholders. Headquartered in Atlanta, Equifax operates globally, supporting critical decision-making through its data analytics and technology services.

Equifax has released its inaugural 2020 Security Annual Report, highlighting a three-year transformation in cloud technology and security following a significant breach in 2017. The company invested $1.5 billion, marking its largest investment to enhance security. CEO Mark W. Begor emphasized that this security-first approach is central to Equifax's record business performance. The report shows Equifax exceeds financial services security maturity benchmarks, and aims to serve as a guide for other organizations to strengthen their cybersecurity practices.

Equifax (NYSE: EFX) has partnered with fintech company Revolut to enhance customer services in the U.S. This collaboration allows Revolut to leverage Equifax's cloud-native data and real-time predictive analytics, facilitating better customer insights. Revolut aims to offer a broader range of products through this partnership, as stated by CEO Ronald Oliveira. Equifax emphasizes its role in providing data-driven solutions to accelerate fintech innovations.

Equifax (NYSE: EFX) launched InnovationX, an immersive experience designed to facilitate fintech innovation. This initiative allows organizations to quickly validate financial services ideas using real-time data, advanced analytics, and techniques such as Explainable AI. Led by Peter Maynard, the new Senior VP of Data and Analytics, InnovationX aims to enhance customer experiences in a competitive market. Participants can access unique data assets, customize modeling options, and improve fraud prevention while fostering personalized services.