Resources

E-commerce fraud has evolved and increased with the rise in online commerce having accelerated since 2020. By 2024, e-commerce merchants may lose an estimated $24 billion to online payments fraud. Although e-commerce fraud increases are nothing new, bad actors are launching more sophisticated fraud attacks. Common types of e-commerce fraud include payments fraud, friendly fraud, account takeover […]

The “R” word can’t be ignored. Get prepared now! As growth slowed in 2019, we were reminded of the Great Recession of 2009, and we are increasingly on the lookout for the next one. According to some economists, it’s a question of when—not if—a recession will arrive. Now’s the time to prepare so you’re not […]

Sometimes lenders are the last to know when their consumers are under financial stress. In these inflationary times, we strongly recommend gaining a comprehensive view into your consumers’ credit profiles with a Customer Portfolio Review™ (CPR) so you can proactively minimize risk exposure as you head in 2023. A CPR delivers the power to proactively screen the […]

The holiday season increases consumer spending. Gifts, travel, and special experiences can really add up—leaving your consumers strapped for cash this time of year. Help them put a little extra money in their pockets with a preapproved live check. If you aren’t offering them, your competitors will. Don’t leave money on the table as we […]

You might be noncompliant without knowing it. Standard credit report vs. employment report The credit report you pull to make lending decisions is not the same as the report you run for employment purposes. If you’re using them interchangeably, then you are not adhering to FCRA requirements. When obtaining a consumer report for employment purposes, you must: […]

It’s hard to believe, but we’re nearing Q4! Now’s the time to plan your holiday promotions to attract new consumers and cross-sell services to existing ones. Good news: We can help you grow your book before year-end with an Equifax prescreen. A prescreen combines the data quality of Equifax’s vast credit database with insights from its attributes and […]

Confirm identity legitimacy with confidence. As consumer preferences for digital transactions continue to grow, financial institutions must reevaluate what those digital interactions look like—not only to better serve their consumers but also to maintain and grow their business. Carefully orchestrated verification strategies are critical in today’s digital era to fight existing and evolving fraud, comply […]

Conveniently comply with required loss forecasting models. Banks and finance companies, how well are you adjusting to the Current Expected Credit Loss (CECL) accounting standard? Credit unions, will you be ready come January 1, 2023? We know it’s a big change having to project the expected loss for each loan at the time of origination, but […]

Assess consumer financial health beyond their credit score. Both the pandemic and economic uncertainty have impacted many U.S. households. But households are being affected unequally—with significant consequences for marketers and risk managers. We can help you maximize your business with insight into households’ likely ability to keep spending and meet current and future financial obligations. […]

How are you ensuring business continuity, reducing reputational harm, and avoiding potential supply chain disruptions? Prioritizing these goals is essential in today’s expanding global marketplace. Competition is too fierce to not have 24/7 insight into your supplier relationships. Equifax’s Supplier Risk Solution (SRS), powered by Interos, delivers a holistic view of supplier risk by delivering […]