During initial onboarding, Equifax credentials customers by verifying their legitimacy and key personnel within their organizations. This process is essential to ensuring a partnership with reputable businesses that utilize data responsibly and in compliance with the FCRA.
As a customer’s business evolves (e.g. legal issues, leadership changes, or new lines of business), new risks can be introduced to consumers and Equifax. To proactively manage these risks, customers are required to complete recredentialing audits at regular intervals. The audit process includes investigative checks based on a structured checklist, which is documented for reference and includes confirmation of the customer’s use case for Equifax services, and testing of specific transactions.
Customers will receive an email notification from Equifax when a recredentialing audit is required.
These resources provide a four step guide to completing the audit and the enclosed video will provide guidance to streamline this process.