[39][40], In February 2023, it was announced Equifax had acquired the Barueri-headquartered credit bureau, Boa Vista Servios for $596 million. Using the ledger books of Atlanta's food retailers, the Woolford's copied out credit information on their customers on individual slips on paper, then arranged them into a book. The company would also no longer keep tabs on customers' buying histories for the purpose of placing shoppers in a range of categories from "luxury buyers" to "coupon clippers." 2017: Equifax is the victim of a massive cyber hack, which is believed to have exposed the personal, confidential information of about 145 million Americans. Equifax is a multinational American consumer credit reporting agency that is among the top three consumer credit reporting agencies. [47], According to Bloomberg, a person familiar with the breach believed this early-March intrusion may have been carried out by the same party that breached Equifax's computer systems again in May. Cator Woolford, John Kallassy Get Updates for Jobs and News Equifax Jobs Nearby Equifax Jobs Equifax Similar Companies Show More Find Jobs from Similar Companies Personalize your job search. All photos appear on this tab and here you can update the sort order of photos on memorials you manage. CatoGuy Woolford18993 . Best practices of the day recommended institutionalization. To view a photo in more detail or edit captions for photos you added, click the photo to open the photo viewer. [60][61][62][63] At that time, only 3 out of 65 top anti-malware products provided protection against the particular malware, meaning that many visitors were at risk of having their computers infected when visiting the Equifax website. [56], On October 8, 2017, Krebs reported that The Work Number, a website operated by Equifax's TALX division, exposed the salary histories for employees of tens of thousands of US companies to anyone in possession of the employee's Social Security Number and date of birth. The New Georgia Encyclopedia is supported by funding from A More Perfect Union, a special initiative of the National Endowment for the Humanities. The agency handles information on more than 88 million businesses and 880 million individuals globally. Equifax, one of the nations top three credit-reporting agencies, along with Experian and TransUnion, holds information on more than 400 million credit holders across the country. Your Scrapbook is currently empty. 1901: Retail Credit Company expands into the moral hazard market, selling credit information to life insurance companies. In addition, the agency sells fraud prevention and credit monitoring services to their customers. Following these failings, Equifax has faced several lawsuits as well as fines over the years. Photos larger than 8Mb will be reduced. To cover the costs of this effort, Woolford sold copies of the book to other merchants. Resend Activation Email. There is 1 volunteer for this cemetery. In 1904 a fourth office was opened in Kansas City, Missouri. Again, charges were droppedby that time (1982), national computer databases made information that was once available only regionally accessible nationwide. You may not upload any more photos to this memorial, This photo was not uploaded because this memorial already has 20 photos, This photo was not uploaded because you have already uploaded 5 photos to this memorial, This photo was not uploaded because this memorial already has 30 photos, This photo was not uploaded because you have already uploaded 15 photos to this memorial. Terms of the deal were not disclosed. Oops, some error occurred while uploading your photo(s). Name. Cator, a former bank employee, and Guy, a lawyer, employed simple notations to reflect merchants comments about their shoppers payment habits: Prompt, Slow, or Requires Cash. They published these findings as The Merchants Guide, sold it for $25, and offered individual credit reports. [47], Between May and July 2017, yet-identified hackers were able to use a known exploit on one of Equifax' web servers that had yet to be updated to access the credit records of more than 140 million Americans as well as some British and Canadian citizens before the breach was detected and shut down. Market Value. Another concern was growing consumer dissatisfaction. The same year, the company split operations between its two main clients, handling retail and insurance reports separately. [37][38] Equifax acknowledged reporting inaccurate credit scores, but insisted the errors had affected only a few people. In 2000, Equifax, along with Experian and TransUnion, was fined $2.5 million for blocking and delaying phone calls from consumers trying to get information about their credit. [8] By 1920, the company had offices throughout the United States and Canada. The company was founded by Cator Woolford and Guy Woolford in 1899 and is headquartered in Atlanta, GA. Read More Today's Range Now: $198.53 $197.52 $199.67 50 Day Range MA: $205.27 $193.14 $230.65 2 Week Range Now: $198.53 $145.98 $234.14 Volume 86,944 shs Average Volume 775,271 shs Market Capitalization $24.46 billion P/E Ratio 35.14 Equifax was widely criticized for the hack and for how it responded after the matter. This account has been disabled. One of Atlanta's most meaningful hidden gems, the Cator Woolford Gardens provides a beautiful event space for life's special moments with all proceeds directly supporting the Frazer Center's mission of fostering inclusion and celebrating diversity in the Atlanta community. In 1979 the company took a big step in that direction, acquiring Elrick & Lavidge, a Chicago firm that performed marketing surveys, and merging it into the company's Marketing Information Services subsidiary. Over the years the company has produced several profitable data-gathering and transaction-processing progeny, including Certegy, which became a separate entity in 2001, and ChoicePoint, which became a separate entity in 1997. The increased competition resulted in a serious slump in Retail Credit's life insurance and credit reporting activities in 1921. or don't show this againI am good at figuring things out. Guy Woolford and his brother, Cator, founded Retail Credit Company, which became Equifax in the 1970s. After a month the task had grown so large that two additional men were hired to assist the Woolfords, and one week later a woman was employed as well. Most of the credit work was then being done by a subsidiary, Retailers Commercial Agency. Soon offices in Chicago and San Francisco came on line. Equifax. The agency has recorded a very big growth over the years, and they have total assets worth $7.23 billion. Equifax also confirmed at least 209,000 consumers' credit card credentials were taken in the attack. In addition, the company modified the processes for correcting mistakes in its files, making it easier for consumers to set the record straight. [25][26] An Equifax manager, Sudhakar Reddy Bonthu, also pleaded guilty to insider trading and received a sentence of 8 months of home confinement. cemeteries found within miles of your location will be saved to your photo volunteer list. In 1994 the company also greatly expanded its international operations through acquisitions and joint ventures, gaining a presence in 12 countries, including Argentina, Chile, Spain, the United Kingdom, and Australia. [11] RCC also investigated insurance claims and made employment reports when people were seeking new jobs. [46] Additionally, the security researchers said they were able to gain shell access on Equifax's servers and discovered and reported to Equifax additional vulnerabilities. The researcher requested anonymity out of professional concerns. Similarly an agency that had previously limited its activities to claims inspection also joined the fray. cemeteries found within kilometers of your location will be saved to your photo volunteer list. [32][33][34], On 19 December 2019, a federal judge in Atlanta awarded class-action attorneys representing consumers approximately $77.5 million, suggesting that individual consumers might expect to receive around six or seven dollars. [36], On 2 August 2022, a week after its CEO Mark Begor was deemed "uniquely qualified to lead the Company" and was granted a $25 million bonus package by Equifax's board, the Wall Street Journal reported that Equifax had sent millions of incorrectly calculated credit scores to lenders. Try again later. In April 1903 Retail Credit closed its Augusta office, after clearly noting signs that the branch would not become profitable. We see them around but we don't know what goes on behind the scenes. These included insecure systems reported in 2016. In 1975 the agency changed its name from Retail Credit Company to Equifax. [35], In July 2020, Equifax reported that, after purchasing Ansonia Credit Data (Ansonia), a major source of consumer credit, payments, and invoice receivables (AR) data used by financial companies and other borrowers and businesses in the shipping and logistics sectors, the firm has expanded its position in commercial payment technology solutions. Today the facility operates as Morningstar Treatment Services, which serves children with intellectual disabilities. Copyright (c) 2022 Company-Histories.com. [62], On October 13, 2017, the attack was revealed to have been performed by hijacking third-party analytics JavaScript from Digital River brand FireClick. The Cator Woolford Gardens is a mission-driven event space for life's most important moments . Woolford was sympathetic to Roosevelts illness, and he became one of the founders of the Georgia Warm Springs Foundation (later, Roosevelt Warm Springs Institute for Rehabilitation). [citation needed] The company also had a division selling specialist credit information to the insurance industry but spun off this service, including the Comprehensive Loss Underwriting Exchange (CLUE) database as ChoicePoint in 1997. Equifax collects and also aggregates information on more than 88 million businesses and more than 880 million individuals worldwide. [6], Equifax operates or has investments in 24 countries in the Americas, Europe, and Asia Pacific. Equifax had quickly built up a significant presence in the emerging Brazilian market through a total investment of more than $350 million. It has been recognized in the Top 100 list of the Worlds Most Innovative Companies by Forbes. Make sure that the file is a photo. Other services offered by Equifax include selling credit monitoring to their customers as well as fraud prevention services. There are no volunteers for this cemetery. Where It All Started Try again. In Canada, Equifax purchased Collective Credit Bureaus Ltd. and Creditel of Canada Limited, a credit reporting agency. Save my name, email, and website in this browser for the next time I comment. St. James Press, 1999. Your new password must contain one or more uppercase and lowercase letters, and one or more numbers or special characters. Edit a memorial you manage or suggest changes to the memorial manager. were exposed as in the MayJuly breach, according to Motherboard. Equifax (EFX) has a Smart Score of 9 based on an analysis of 8 unique data sets, including Analyst Recommendations, Crowd Wisdom, and Hedge Fund Activity. Are you sure that you want to delete this memorial? That year also saw Equifax introduce a record 25 new products. 28. This heightened activity was fueled by the 1993 decision to subcontract the running of Equifax's computer operation to IBM, a move that freed Equifax's large technical staff to develop new ways of packaging the company's data in consultation with its customers. (adsbygoogle = window.adsbygoogle || []).push({}); You have entered an incorrect email address. "[71][77], In April 2014, Equifax was sued in New York federal court by God Gazarov, who claimed the company erroneously reports him as having no credit history because of his unusual first name. Founder of the Retail Credit Company of Atlanta, Ga., now Equifax, one of the three major credit-rating agencies in the US. The trouble-plagued ChoicePoint made headlines in 2005 for leaking consumers confidential information to identity thieves. In the first full year of U.S. military involvement, the company lost 1,200 workers. While this type of operation was inherently local, Retail Credit had become interested in activities that could be pursued on a broader scale. Likewise, Equifax gained the capability to provide additional types of information to clients. 1979: Retail Credit Company changes its name to Equifax. 1986: The company amasses data on more than 150 million consumers in 28 states. Learn more about managing a memorial . Retail Credit Company's information holdings and willingness to sell its information attracted criticism in the 1960s and 1970s. They started their credit investigations by going door-to-door among merchants, asking about their customers and noting the findings in ledgers. [14] Equifax formerly offered digital certification services, which it sold to GeoTrust in September 2001. [69][70], In July 2013, a federal jury in Oregon awarded $18.6 million to Julie Miller of Marion County against Equifax for violations of the Fair Credit Reporting Act. Founded by brothers. In the following year, the company's capacity grew 40 percent, to cover all 50 states. cemeteries found in Woolford, Dorchester County, Maryland, USA will be saved to your photo volunteer list. Reese, Krista. [75] A federal judge reduced the award to $1.62 million in 2014. Along withTransUnionand Experian, Equifax helps make up the big three of the credit reporting bureaus. Cator actually got the idea from his grocery business, where they collected customers' names and evidence of creditworthiness. Its customers included retailers, government agencies, healthcare providers, insurance firms, and credit unions, among many others. Failed to report flower. Credit books for Athens, Rome, Columbus, Macon, and Augusta were developed and marketed and a branch office was opened in Augusta. [77] An Equifax "spokesperson told the Post-Dispatch that Equifax blocked the Heartland account information from appearing on Haman's credit report after a reporter's inquiry. In addition to formation of a technology division, brought about by the consolidation of the company's activities in that field, Equifax also acquired Telecredit, Inc., a Los Angeles credit bureau that provided check and credit card authorization services, for $457 million in 1990. Their downtown office quickly expanded, as the brothers offered life and auto insurance. Two brothers, Cator and Guy Woolford, created the company. As an Equifax executive explained in Business Week, "People see the use of this information as a privacy problem if it goes beyond credit purposes." Cator actually got the idea from his grocery business, where they collected customers' names and evidence of credit worthiness. Funding from a more Perfect Union, a credit cator woolford equifax agencies reporting.. Noting signs that the branch would not become profitable available only regionally accessible nationwide from his business! 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