Equifax news and trends

Nuvo Adds Equifax Credit Reports to Trade Credit Management Platform
B2B Payments // April 25, 2024

Nuvo has added business credit reports and business principal credit reports from Equifax to its trade credit management platform for B2B sellers. This addition will streamline customer onboarding, underwriting and credit approval processes for businesses that extend trade credit, the companies said in a Wednesday...

Equifax VP Says Data Science Can Strengthen Customer Relationships
Opinion // April 22, 2024

Businesses can gain valuable customer insights from the data they already have, Equifax VP, Data Science and Decision Analytics, Digital Solutions Dilip Singh writes in the new PYMNTS eBook, “The Implications of Uncertainty.”   Revenue growth is a top priority for most businesses. There are...

Equifax Says 85% of Its New Models Built With AI
artificial intelligence // April 18, 2024

Consumer credit bureau Equifax said artificial intelligence (AI) is playing an increasing role in its operations.  In announcing the company’s quarterly earnings Thursday (April 18), management noted that 70% of the new models and scores Equifax built last year were made using artificial intelligence (AI) and machine learning...

Equifax Unveils Fraud Prevention KYB Tool
Fraud Prevention // February 28, 2024

Equifax is rolling out a know your business (KYB) solution to help U.S. lenders and businesses make more informed decisions about onboarding new accounts or vendors.  Called the “Business Verification Solution,” the tool addresses a growing need to gain visibility into the legitimacy of a business...

Interviews & Exclusives
Equifax VP Says Data Science Can Strengthen Customer Relationships

April 22, 2024
Businesses can gain valuable customer insights from the data they already have, Equifax VP, Data Science and Decision Analytics, Digital Solutions Dilip Singh writes in the new PYMNTS eBook, “The Implications of Uncertainty.”   Revenue growth is a top priority for most businesses. There are various ways to bring in more money — but not […]

Merchants Turn to AI Key to Improve Customer Retention

October 25, 2023
Artificial intelligence (AI) has left the pages of science fiction behind and entered the workforce.  And its latest evolution, generative AI, is already having an exciting impact on payments, helping...

Trusted ID Networks Offer Best Line of Defense Against Fraudsters

December 28, 2022
Dynamic friction keeps the bad guys out, and trusted identity verification networks (ID networks) keep good customers transacting. Brad Wiskirchen, senior vice president and general manager at Kount, an Equifax...

Merging Physical Data With Digital Identity Offers More Realistic View of Consumers, Businesses

February 03, 2022
A year ago, with the pandemic in full swing and many stores and businesses shuttered or operating under restrictions, digital commerce was pretty much the only game in town. With...

Quick Reads
CFPB: Medical Bills Plague Lower-Income Americans 

April 29, 2024
New government data shows 15 million Americans still have medical bills on their credit reports. That’s according to the Consumer Financial Protection Bureau (CFPB), which notes that these bills remain in spite of changes by the three major credit bureaus. Collectively, these Americans have more than $49 billion in outstanding medical bills in collections, the bureau said Monday (April […]

Nuvo Adds Equifax Credit Reports to Trade Credit Management Platform

April 25, 2024
Nuvo has added business credit reports and business principal credit reports from Equifax to its trade credit management platform for B2B sellers. This addition will streamline customer onboarding, underwriting and...

Equifax Says 85% of Its New Models Built With AI

April 18, 2024
Consumer credit bureau Equifax said artificial intelligence (AI) is playing an increasing role in its operations.  In announcing the company’s quarterly earnings Thursday (April 18), management noted that 70% of the new models...

Equifax Unveils Fraud Prevention KYB Tool

February 28, 2024
Equifax is rolling out a know your business (KYB) solution to help U.S. lenders and businesses make more informed decisions about onboarding new accounts or vendors.  Called the “Business Verification Solution,”...