In today’s dynamic marketplace new business applications are growing at an unprecedented rate. With the number of new applications increasing by more than 45% annually compared to pre-covid times, it has become more and more difficult for businesses to know who they are doing business with prior to forming a relationship. Having access to current and accurate business data is the key to quickly identifying legitimate businesses and reducing the potential risk of fraud.
Business Verification Solution
The Business Verification Solution is an online offering designed to help onboard new business accounts or vendors quickly. Through a rigorous validation process, Equifax will help confirm the business information provided matches verified data collected from a number of trusted sources, including: