the value of automated employment and income verifications

BENEFITS EMPLOYEES Your employees can be assured that their applications for credit, personal loans, enrollment for government assistance, etc. will be processed in a timely, efficient, and secure manner. Access to employment data to review accuracy and activity. Timely verification, Faster decisions Security of personal data Protecting financial interests WORKFORCE SOLUTIONS Empowering employees to obtain the credit they need, when they need it Employment Status (active/ inactive) Address (of employer) Pay Frequency (hourly/salary) Insurance Pay Increases Rate of Pay Tenure Job Title Social Security Number Tax Credits and Incentives Real-time employee screening and data verification drive higher profits Form I-9 Management $12 billion saved in penalties and fines Personal Loans Securing student loans, personal lines of credit, etc. Home Purchase 19% of all verifications (including refinancing) Credit Card Application 28% of all verifications Auto Purchase Paperless documentation for employee, information direct from employer for dealer/lender Affordable Care Act (ACA) Management Platform Managing ACA compliance for over 6.7 million employees Government Assistance Over 13 million verifications in 2013 (including ACA) *Equifax requires explicit consumer consent for release of income or salary information. Equifax is a registered trademark of Equifax, Inc. The Work Number is a registered trademark of TALX Corporation, a wholly owned subsidiary of Equifax Inc. All information is current as of 09/30/2014. © 2014 Equifax Workforce Solutions, Atlanta, Georgia. All rights reserved. The Work Number: Data and Secure Access Points Verifications require permissible purpose when applying for government assistance, a car loan, a new job, etc.* BENEFITS VERIFIERS The Work Number provides a quick and accurate response, offering valuable data to improve efficiency, quality of decisions, and fraud mitigation. Over 247 million records from more than 3,900 contributing employers. Over 56M annual verifications Reduces risk and fraud Comprehensive data = better loan decisions Learn more about how this benefits you and your employees. Receive a free consultation Employees encounter life events and financial choices that require verification of employment and/or income. The Work Number ® enables an automated verification service that streamlines the transfer of information between employers and verifiers, ultimately benefiting the employee by creating a secure and accelerated decision process. BENEFITS EMPLOYERS The Work Number is compliant with the Fair Credit Reporting Act (FCRA) and keeps employee data secure through the verification process, while also powering HR functions–saving time and money. Over 56 million verifications completed on behalf of employers in 2013. 100% Secure and compliant fulfillment Reduces verification requests ? Workforce analytics

Upload: equifax

Post on 14-Jul-2015

180 views

Category:

Economy & Finance

1 download

Report

Download

Tags:

Embed Size (px):

TRANSCRIPT

Page 1: The Value of Automated Employment and Income Verifications

Timely veri�cation,Faster decisions

Security ofpersonal data

Protecting�nancial interests

WORKFORCE SOLUTIONS

Empowering employees to obtainthe credit they need, when they need it

EmploymentStatus (active/

inactive)

Address(of employer)

PayFrequency

(hourly/salary)

InsurancePay

Increases

Rateof Pay

TenureJobTitle

SocialSecurityNumber

Tax Creditsand IncentivesReal-timeemployeescreening anddata veri�cationdrive higher pro�ts

Form I-9 Management$12 billion savedin penaltiesand �nes

Personal LoansSecuring student loans,personal lines of credit, etc.

Home Purchase19% of all veri�cations(including re�nancing)

Credit CardApplication28% of allveri�cations

Auto PurchasePaperless documentationfor employee, information directfrom employer for dealer/lender

Affordable Care Act (ACA)Management PlatformManaging ACA compliancefor over 6.7 million employees

GovernmentAssistanceOver 13 millionveri�cations in 2013(including ACA)

*Equifax requires explicit consumer consent for release of income or salary information.Equifax is a registered trademark of Equifax, Inc. The Work Number is a registered trademark of TALX Corporation, a wholly owned subsidiary of Equifax Inc. All information is current as of 09/30/2014. © 2014 Equifax Workforce Solutions, Atlanta, Georgia. All rights reserved.

The Work Number: Data and Secure Access PointsVerifications require permissible purpose when applying for government assistance, a car loan, a new job, etc.*

BENEFITS VERIFIERSThe Work Number provides a quick and accurate response,offering valuable data to improve ef�ciency, quality of decisions,and fraud mitigation. Over 247 million records from more than3,900 contributing employers.

Over 56Mannual veri�cations

Reduces riskand fraud

Comprehensive data =better loan decisions

Learn more about how this bene�ts you and your employees. Receive a free consultation

Employees encounter life events and financial choices that require verification of employmentand/or income. The Work Number® enables an automated verification service that streamlinesthe transfer of information between employers and verifiers, ultimately benefiting the employeeby creating a secure and accelerated decision process.

BENEFITS EMPLOYERSThe Work Number is compliant with the Fair Credit ReportingAct (FCRA) and keeps employee data secure through theverification process, while also powering HR functions–savingtime and money. Over 56 million verifications completed onbehalf of employers in 2013.

100% Secure andcompliant fulfillment

Reduces verificationrequests

Workforce analytics

http://www.equifax.com/business/i9-management

http://www.equifax.com/business/tax-credits-and-incentives

http://www.equifax.com/business/aca-management-platform

http://www.equifax.com/business/employment-verifications

http://insight.equifax.com/theworknumberanswers/

Refinancing your mortgage? Renting an apartment? Buying a car? · 2014-10-07 · Buying a car? HCPS uses The Work Number® to provide automated employment and income verifications

Form I9 Employment Eligibility Verifications - crmeyer.com · Form I9 Employment Eligibility Verifications 1. Purpose of document: To document verification of the identity and employment

June 3, 2009, Human Resource Services Agenda Hurricane Preparation Budget Update Employment Verifications Fringe Benefit Pool Training Services for Impacted

Verifications - MNsure · HEALTH CARE REFORM POLICY DOCUMENTATION VERIFICATIONS : Rev. 9/6/12 Page 2 (6) the wage and employment history for both parents for the period preceding