Equifax is launching a real-time, know your business, online business verification solution to help U.S. lenders and businesses make faster, more informed decisions before onboarding new accounts and/or vendors.
“Businesses, both large and small, help drive economic growth, which in turn impacts the communities where they operate,” Sal Hazday, senior vice president and general manager of Equifax’s U.S. information solutions commercial business, said. “Equifax continues to develop solutions and resources to help provide businesses of all sizes with the information they need to make informed decisions, and our new business verification solution is designed to help companies gain visibility into who they are working with before the relationship is formed.”
The Equifax business verification solution leverages data and analytical models, providing a combined report that provides a view of a business applicant and the principal. The solution’s verification process is based on a risk model and allows customers to evaluate multiple aspects of a small business, including:
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