Equifax expects its transition to cloud and artificial intelligence (AI) technology to deliver cost savings and drive innovation in 2024 and beyond. The global data, analytics and technology company said in a Thursday (July 18) earnings release that it is leveraging its new EFX Cloud and...
The Consumer Financial Protection Bureau (CFPB) is looking to improve “competition, choice and affordability” in credit reporting costs and other mortgage closing costs. In prepared remarks for a speech at a Mortgage Bankers Association conference, CFPB Director Rohit Chopra said Monday (May 20) that the agency is doing so at a time when mortgage lenders...
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...
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...
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 […]
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...
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...
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...
November 07, 2024
Equifax UK has introduced a customer onboarding solution for utility and telecom firms. As Fintech Finance News reported Thursday (Nov. 7), the new tool, called Tariff Connect, is designed to help these providers automate customer eligibility assessments for social tariff discounts, which are reduced rates for people receiving certain benefits. “The economic backdrop may have […]
July 18, 2024
Equifax expects its transition to cloud and artificial intelligence (AI) technology to deliver cost savings and drive innovation in 2024 and beyond. The global data, analytics and technology company said...
May 20, 2024
The Consumer Financial Protection Bureau (CFPB) is looking to improve “competition, choice and affordability” in credit reporting costs and other mortgage closing costs. In prepared remarks for a speech at a Mortgage Bankers Association conference, CFPB Director Rohit Chopra said...
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...
