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Equifax. Equifax Workforce Solutions, formerly known as TALX (pronounced "talks"), is a wholly owned subsidiary of Equifax. [ 1][ 2][ 3] It is based in St. Louis, Missouri. [ 4] The company was originally founded in 1972 under the name Interface Technology Inc. The company maintains a database named "The Work Number" that holds and maintains ...
The Work Number. The Work Number is an American employment verification database created in 1985 by Talx Corporation. [ 1][ 2][ 3] Talx, (now Equifax Workforce Solutions) was acquired by Equifax Inc. in February 2007 for US$ 1.4 billion. [ 4]
Equifax primarily operates in the business-to-business sector, selling consumer credit and insurance reports and related analytics to businesses in a range of industries. [citation needed] Business customers include retailers, insurance firms, healthcare providers, utilities, government agencies, as well as banks, credit unions, personal and specialty finance companies and other financial ...
In 1961, the company changed its name to Automatic Data Processing, Inc. (ADP), and began using punched card machines, check printing machines, and mainframe computers. ADP went public in 1961 with 300 clients, 125 employees, and revenues of approximately US$400,000. [ 3] The company established a subsidiary in the United Kingdom in 1965.
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A Customer Identification Program ( CIP) is a United States requirement, where financial institutions need to verify the identity of individuals wishing to conduct financial transactions with them and is a provision of the USA Patriot Act. More commonly known as know your customer, the CIP requirement was implemented by regulations in 2003 ...