The researcher requested anonymity out of professional concerns.""All you had to do was put in a search term and get millions of results, just instantly—in cleartext, through a web app," they said.These led to the enactment of the Fair Credit Reporting Act in the same year which gave consumers rights regarding information stored about them in corporate databanks.It is alleged that the hearings prompted the Retail Credit Company to change its name to Equifax in 1975 to improve its image.In October 2010, Equifax acquired Anakam, an identity verification software company.
By the 1960s, Retail Credit Company was one of the nation's largest credit bureaus, holding files on millions of American and Canadian citizens.
Equifax, and other credit monitoring agencies are required by law to provide US residents with one free credit file disclosure every 12 months; the website incorporates data from US Equifax credit records.
Equifax also offers fraud prevention products based on device fingerprinting such as "Fraud IQ Authenticate Device".
In the same year, Equifax spun off its payment services division, forming the publicly listed company Certegy, which subsequently acquired Fidelity National Information Services in 2006.
Certegy effectively became a subsidiary of Fidelity National Financial as a result of this reverse acquisition merger (See Certegy and Fidelity National Information Services for further information).about virtually every phase of a person's life; his marital troubles, jobs, school history, childhood, sex life, and political activities." The company was also alleged to reward its employees for collecting negative information on consumers.