Key Benefits of Verification Exchange™ for Employers
Relieve Administrative Costs and Burdens
Verifications are handled in-house, meaning Equifax hosts and manages all data, facilitates verification fulfillment, and manages our own call centre to immediately help reduce the number of verification requests you receive.
Help Keep Employees’ Information Secure
Employees can feel a greater sense of confidentiality when conducting their personal business as the process and transfer of secure information helps mitigate exposure to unauthorised access. Unless otherwise requested by the employee, Equifax allows only contracted and credentialled verifiers access to the information.
Instant Data Access Helps Accelerate Decisions
Employment and income data is updated each payroll cycle and is available to organisations requesting verification on an employee’s behalf. Employment records are available instantly, 24 hours a day, 7 days a week, and call centre support is provided for all parties to help ensure a seamless verification process.
Help Reduce Fraud and Applicant Misrepresentation
Verifiers benefit from data consistency, conformity, and additional data points to help make improved risk decisions and meet compliance obligations. Our operations are compliant with data protection legislation, which ensures employees have access to their verification request history and a method for recourse if they have a dispute with the verification.
Solutions for Employers
Outsource Verifications for Your Company
Partner with Equifax for a secure and seamless verification experience.
Verification Exchange is uniquely positioned to immediately help reduce the number of verification requests coming to employers and streamline the transfer of information from their organisation to the verifier as needed.
All verifier clients are credentialed, and an identifying or permissible purpose and consumer consent must be provided for every verification request.
Our database is globally recognized with practices in data management and security, including risk-based authentication, data encryption, and custom access settings.
Employees can apply for credit, housing, or government assistance when it is convenient for them and on their timeline. They will not have to bring in any employment or income verification paperwork or wait to have the verification completed.
Get Started Today
Contact us to learn why organisations from small not-for-profit agencies to the largest of corporations choose Equifax to handle their employee verifications.