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Wednesday, November 4, 2009

Equifax buys Rapid Reporting Verification Company

Equifax has purchased Rapid Reporting Verification Company for a cool $72.5 million.  Amazing how Equifax can have that much to spend on a new company but can't fix its own matching logic.

Rapid Reporting Verification Company is a privately held national provider of IRS tax transcript information and social security number authentication services.  Equifax is allegedly buying Rapid Reporting to increase its ability to prevent and control fraud.  I'll let you know if I can tell a difference.

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