Equifax
- Company typePublic
- Founded1899
- HeadquartersSt Louis, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
Equifax firmographics
Firmographics- Name
- Equifax
- Legal name
- Equifax Workforce Solutions LLC
- Website
- https://theworknumber.com
- Company type
- Public
- Founded year
- 1899
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Equifax industry classification
Industry- Product category
- Employment and Income Verification Services
- NAICS
- Investigation and Personal Background Check Services (561611)
- SIC
- Services-Employment Agencies (7361)
- akta.pro primary industry
- Income & Employment Verification (VOI/VOE, payroll-linked data) (FSAGACAE)
- akta.pro secondary industry
- Payroll Audits, Reconciliations & Controls (Post-Payroll Validation) (BPAAAHAH)
Keywords
Where Equifax is headquartered
LocationHeadquarters
- HQ city
- St Louis
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Equifax business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales
Revenue model
- Verification Transaction Fees: Equifax charges per-verification fees each time a credentialed verifier (lender, government agency, employer, landlord) requests an employment or income verification. Pricing varies by report purpose (mortgage, auto, pre-employment, government, etc.) and look-back time frame. No charge is incurred if no matching records are found for the individual. Pay-as-you-go customers pay per transaction at time of order; enterprise/invoiced customers are billed monthly based on usage.
- Employer Data Contribution Services: Employers and payroll providers contribute employment and income data to The Work Number database at no cost, with the contributed data enabling verifications that generate revenue when verifiers query the database.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Pay As You Go - for organizations verifying 250 or fewer applicants per year |
| Transaction based/ take rate | Monthly | Enterprise - for organizations verifying more than 250 applicants per year |
Go-to-market motion4 records
Distribution channels5 records
Marketing channels7 records
Equifax product offering
Product offeringCore offering
The Work Number is Equifax Workforce Solutions' centralized commercial database and verification platform that provides automated, real-time employment and income verification services to credentialed verifiers including mortgage lenders, auto lenders, government agencies, credit card issuers, life insurers, pre-hire screeners, and landlords. The platform holds 823M+ employment records contributed by nearly 5 million employers, updated each pay cycle, with access delivered via REST API, Batch SFTP, and a web portal. Equifax charges per-verification fees (starting at $69.75 for pay-as-you-go) and offers enterprise contracts, with the database governed by FCRA regulations and exempted from CPRA.
Product overview
Equifax offers The Work Number, a comprehensive platform for automated income and employment verification services. The core product is The Work Number database—the industry's largest centralized commercial repository of employment and income information—offering 823M+ employment records from nearly 5 million employer contributors. The platform includes core verification products (Income and Employment Verification), industry-specific solutions (Mortgage, Auto Lending, Consumer Finance, Credit Card, Pre-Hire, Government, Credit Union), and specialized modules (Education Verification, Social Security Verification, IRS Tax Transcripts, Social Service Verification, The Work Number ID, Portfolio Review). Supporting features include Salary Key for one-time access, Employment Data Report for consumer access, and Data Freeze/Dispute capabilities for privacy control. Through the MIB partnership, the platform extends to life insurance underwriting. The system supports REST API, Batch SFTP, and Web Portal access with 60+ technology partner integrations for seamless LOS connectivity.
Differentiator
Problem solved
Functional benefit
Brands
- The Work Number: Centralized commercial database for income and employment verification services used by lenders, employers, government agencies, and other credentialed verifiers.
- Verification Exchange
- All Employers Within 90 Days
- All Employers Within 12 Months
- All Employers Within 24 Months
Products and services
- The Work Number Centralized commercial database and verification platform providing automated income and employment verification services to credentialed verifiers (lenders, government agencies, employers). Contains 823M+ employment records from nearly 5 million employer contributors, updated each pay cycle, with 24/7 access via web portal, API, or batch processing.
- Income and Employment Verification Third-party verification of income and employment information sourced directly from employers and payroll providers, including current year-to-date pay plus two prior years of payroll history. Designed for lenders, government agencies, and other credentialed verifiers.
- Education Verification Fast, comprehensive verification of an applicant's education status for use by employers and credentialed verifiers as part of background screening and applicant evaluation.
- Social Security Verification Services Quickly matches an individual's name, date of birth, and Social Security Number against information from the Social Security Administration for identity verification purposes.
- IRS Tax Transcripts Fulfillment Service Obtains various personal tax, business tax, and/or wage statements for a complete picture of all household income, supporting mortgage and consumer lending verification processes.
- Social Service Verification Verifies income and employment for government assistance programs (SNAP, Medicaid, housing), supporting faster benefit determinations and helping more eligible clients receive services.
- The Work Number ID Validates whether an applicant-provided name and Social Security Number matches employer-provided data to quickly validate an applicant's identity.
- Mortgage Verification Solutions Industry-specific verification solutions for mortgage lenders enabling faster loan origination process from start to finish, including modular All Employers Within 90 Days, 12 Months, and 24 Months look-back products.
- Auto Lending Verification 24/7 verification services to help auto dealers and lenders make more informed lending decisions, addressing AI-generated document fraud and affordability assessment needs.
- Consumer Finance Verification Verification solutions enabling fast, informed, real-time decisions at time of consumer credit application for banks, credit unions, fintechs, and consumer finance companies.
- Credit Card Verification Verification solutions for mitigating risk and extending appropriate credit terms for credit card issuers, providing real-time access to employment and income data during card decisioning.
- Pre-Hire Employment Verification Verification services to support more informed hiring decisions with verified employment data for pre-employment screening, enabling employers to confirm candidate employment history without contacting the candidate's current employer.
- Government Verification Verification services to quickly determine eligibility for government assistance programs with real-time income and employment verification, supporting SNAP, Medicaid, housing, and unemployment benefit decisions.
- Credit Union Verification Modernizes verifications for credit unions with automated income and employment verification, providing credit unions with same-day verification capabilities through integration with loan origination systems.
- Verification of Employment for Government Verifies applicants' employment instantly for government services and benefit eligibility determinations, designed for federal, state, and local government agencies.
- The Work Number Portfolio Review Increases visibility for planning and forecasting by providing insights into employment and income data at portfolio level, supporting lenders and servicers in assessing portfolio-level income and employment risk.
- All Employers Within 90 Days Mortgage verification solution providing a narrow 90-day employment verification window from The Work Number, designed for borrowers who have been employed at the same job for an extended period and where a longer look-back is unnecessary.
- All Employers Within 12 Months Mortgage verification solution providing 12-month employment and income verification window with an enhanced billing process for lenders underwriting home loans.
- All Employers Within 24 Months Mortgage verification solution providing 24-month employment and income verification window with an enhanced billing process for lenders requiring extended look-back periods.
- Verification Exchange Canadian employment and income verification service paralleling The Work Number for Canadian workforce data, supporting lenders, property managers, government agencies, and employers with secure verification workflows.
- Salary Key Single-use six-digit access code that allows one-time access to an employee's income information; generated by the employee and shared with a verifier, expiring after 90 days to provide consent-based privacy control.
- Employment Data Report Consumer-accessible report showing what employment and income data is stored in The Work Number database, including a record of who has requested their information in the past 24 months, available to employees via employees.theworknumber.com.
- Data Freeze Allows consumers to request a data freeze preventing verifiers from viewing their employment data on The Work Number, providing privacy control over employment and income information.
- Data Dispute Allows consumers to dispute and correct inaccurate or incomplete employment and income data in their Employment Data Report, providing data accuracy and consumer rights management.
- MIB Medical Data Solutions Integration Partnership-enabled product providing U.S. life insurers with real-time employment and income verification data through MIB's Medical Data Solutions platform, covering more than 238 million individuals with up to 24 months of income data, job titles, and employment dates for financial underwriting and risk management.
Quantifiable outcome
- 46% lift in loan conversion rates for lenders using The Work Number automated verification alongside traditional credit scores (compared to those who did not)
- +6 more outcomes
Companies that use Equifax
Customer profileNamed customers4 records
Segments7 records
Ideal customer profiles6 records
Equifax technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration26 records
AI capability4 records
Feature7 records
Equifax partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core.
- MIB Group (Medical Information Bureau)coreMIB partnered with Equifax to integrate real-time employment and income verification data into its Medical Data Solutions platform, enabling U.S. life insurers to access up to 24 months of income data, job titles, and employment dates for more than 238 million individuals for financial underwriting and risk management. The data is sourced via FCRA-regulated channels and updated each pay cycle. The service enables faster policy approvals within days instead of traditional weeks-long processes.
- IRIS Software Group (IRIS Payroll Relief)coreEquifax integrated The Work Number service with IRIS Payroll Relief software, making automated employment and income verifications available to up to one million employees of U.S. SMBs served by accountants and payroll service providers using IRIS software. The integration enables instant, digital verifications even outside regular business hours, streamlining the process for consumers, SMB employers, and verifiers. Jim Dunham, President and GM of IRIS Americas, described the partnership as demonstrating their dedication to streamlining verification processes.
- ADPcoreADP is a key payroll technology partner whose platform integrates with The Work Number for automated employment and income data contribution and verification access.
- WorkdaycoreWorkday is a payroll technology partner integrating with The Work Number for automated employment and income verification services.
- ProliantcoreProliant is a payroll technology partner integrating with The Work Number. Adam Clayton, CFO of Proliant, stated that gaining additional clients through the expertise and value Equifax brings has far surpassed expectations.
- AlightcoreAlight is a payroll and HR cloud platform partner integrating with The Work Number for automated employment and income verification.
- AviontecoreAvionte is a payroll technology partner integrating with The Work Number for automated employment and income verification.
- OnestSourcecoreOnestSource is a payroll technology partner integrating with The Work Number for automated employment and income verification.
- Ultimate SoftwarecoreUltimate Software (now part of UKG) is a payroll and HR technology partner integrating with The Work Number.
- FIScoreFIS is one of 60+ technology partners integrating The Work Number verifications directly into loan origination systems, enabling automated embedded verifications within existing lender workflows.
- FiservcoreFiserv is a technology partner integrating The Work Number verifications into its financial services technology platforms.
- MeridianLinkcoreMeridianLink is a loan origination system partner integrating The Work Number verifications for faster lending decisions.
- BlendcoreBlend is a lending platform partner integrating The Work Number verifications into its consumer lending platform for automated income and employment data access.
- ZootcoreZoot partners with Equifax to integrate 'Income Confirm for Card' into its existing workflows, enabling financial institutions to access employment and income attributes within the Equifax Credit Report workflow for real-time card decisioning. This is marketed as a partner spotlight integration.
Scale indicators10 records
Recent moves6 records
Expansion highlights6 records
Equifax competitors and assessment
Company assessmentDirect peers
- Truework: Truework is a direct-to-employer income and employment verification platform offering both API and consumer-permissioned workflows. It targets the same mortgage, auto, and consumer lending use cases as The Work Number with a digitally native architecture, making it the closest direct competitor.
- Pinwheel: Pinwheel provides payroll-linked income and employment data via direct integrations with 1,400+ payroll platforms. It targets lending, tenant screening, and gig economy use cases, offering an alternative to employer-contributed databases through consumer-permissioned data flows and is a direct competitor in the verification space.
- Argyle: Argyle delivers real-time income, employment, and identity data through direct payroll provider integrations. It competes directly in mortgage, auto, and consumer lending verification, particularly with digital lenders and fintechs seeking API-first alternatives to legacy verification databases.
Broad incumbents
- Plaid: Plaid is a leading consumer-permissioned financial data aggregation platform with expanding income verification offerings (Plaid Income). While broader than employment verification, it increasingly serves the same mortgage, auto, and consumer lending use cases via bank-account connections, positioning it as a long-term alternative to employer-contributed data.
- Experian Verify: Experian is a major credit bureau with employment and income verification offerings that compete directly with The Work Number. As one of the three U.S. national credit bureaus, Experian offers lenders a competing source of income and employment data alongside its core credit reporting services.
- TransUnion: TransUnion is a major credit bureau that also offers employment and income data products. While verification is less central to its business than credit reporting, it competes for lender and government verification spend and serves as a key alternative source for employment/income data at the point of underwriting.
- Finicity (Mastercard): Finicity, acquired by Mastercard, is a financial data aggregation platform that delivers income, asset, and identity verification through bank account connections. It is part of the broader shift to consumer-permissioned data and competes in the same verification use cases as The Work Number, particularly with digital lenders.
- Yodlee (Envestnet): Yodlee is a long-standing financial data aggregation platform owned by Envestnet, providing account, transaction, and increasingly income/employment data to financial institutions. It competes in the data services space, particularly for digital verification use cases across lending and wealth management.
Emerging players
- Checkr: Checkr is a background check platform that has expanded into employment and income verification, particularly for gig economy and on-demand workforce use cases. While not a direct database competitor, it addresses overlapping pre-employment screening, tenant screening, and identity verification use cases for a similar buyer base.
- MX Technologies: MX Technologies provides financial data aggregation, analytics, and money management experiences for banks, fintechs, and lenders. It is expanding into income and employment data via bank account connections, positioning itself as a competitor in the lending verification space alongside Plaid and Finicity.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat7 records
Key risks5 records
Key highlights7 records
Customer concentration
Equifax social profiles
Digital presenceEquifax compliance and trust
Trust signalCompliance2 records
Equifax financial estimates
Financial estimateRevenue estimate
Valuation estimate
Equifax leadership team
Management profileNumber of profiles
Profiles3 records
Equifax funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Equifax M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Equifax
What does Equifax do?
The Work Number is Equifax Workforce Solutions' centralized commercial database and verification platform that provides automated, real-time employment and income verification services to credentialed verifiers including mortgage lenders, auto lenders, government agencies, credit card issuers, life insurers, pre-hire screeners, and landlords. The platform holds 823M+ employment records contributed by nearly 5 million employers, updated each pay cycle, with access delivered via REST API, Batch SFTP, and a web portal. Equifax charges per-verification fees (starting at $69.75 for pay-as-you-go) and offers enterprise contracts, with the database governed by FCRA regulations and exempted from CPRA.
Is Equifax a public or private company?
Equifax is a public company. It is classified as public and is currently operating.
When was Equifax founded?
Equifax was founded in 1899. It employs 101 to 250 people.
Where is Equifax based?
Equifax is headquartered in St Louis, United States, in the North America region.
How does Equifax make money?
Two revenue lines are on record. Verification Transaction Fees are the primary driver. The others are employer Data Contribution Services.
Who are Equifax's main competitors?
Direct peers on record are Truework, Pinwheel and Argyle. Broad incumbents are Plaid, Experian Verify, TransUnion, Finicity (Mastercard) and Yodlee (Envestnet). Emerging players are Checkr and MX Technologies.
Does Equifax have an API?
Yes. The Work Number offers API access for developers to integrate verification services. Integration options include REST API and Batch SFTP. Developers can explore APIs, create apps, and test in sandbox environment. Access methods include Web Portal and system integrations. Developer documentation is at developer.equifax.com/products.
What industry is Equifax in?
Equifax's product category is Employment and Income Verification Services. Its primary akta.pro industry code is FSAGACAE, Income & Employment Verification (VOI/VOE, payroll-linked data), with a secondary code of BPAAAHAH, Payroll Audits, Reconciliations & Controls (Post-Payroll Validation). Its NAICS code is 561611 and its SIC code is 7361.