Equifax® today announced that it has completed the acquisition of Vault Verify, a provider of human resources services, including employment and income verification services. This acquisition enhances the data that Equifax provides to verifiers to help them make more informed decisions in less time. It also provides another mechanism for employers to provide data to a verifications provider, expanding options available to Equifax employer clients. Vault Verify complements The Work Number® database with information that can help consumers when they're applying for jobs, mortgages, social service benefits, and other financial services.
"Our Purpose is to help people live their financial best. The acquisition of Vault Verify complements The Work Number and Equifax verification capabilities with additional information that can help streamline important financial moments for consumers," said Mark Begor, Chief Executive Officer, Equifax. "Leveraging the power of our Equifax Cloud transformation, we are able to rapidly integrate Vault Verify into ongoing Equifax operations and deliver verifiers the information they need quickly and efficiently."
Founded in 2012, Vault Verify is an outsourced provider of employment and income verification services, offering real-time, transactional, API-based verifications through its proprietary technology. Vault Verify serves employers of all sizes nationwide, with a concentration in the healthcare sector.
"We are excited about the enhanced set of knowledge and capabilities that our combined Vault Verify and Equifax teams will be able to offer as we seek to help streamline life's important moments through secure, efficient verifications," said Joe Muchnick, Chief Operating Officer at Equifax Workforce Solutions. "The addition of Vault Verify will help consumers get decisions more quickly when they're applying for jobs, mortgages, social service benefits, and other financial services."
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Source: PRNewswire
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