Equifax 2004 Annual Report Download - page 11

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FOUNDATION฀FOR฀FUTURE฀SUCCESS
2004
•฀฀Launched฀triggering฀products฀in฀Marketing฀Services
•฀฀Created฀InterConnect฀and฀Equifax฀Accel™฀
enabling฀technologies
•฀฀Introduced฀Equifax฀Credit฀Rankings™฀for฀consumers฀
in฀the฀United฀Kingdom
•฀฀Developed฀consumer฀educational฀program,฀
“Take฀Control฀of฀Your฀Credit”
•฀฀Expanded฀Personal฀Solutions฀in฀Latin฀America
Flexibility
When conditions change, it takes courage to stop, change plans and
move on. Equifax has an impressive track record of responding
quickly and effectively to marketplace and legislative change. In 2004,
after the Fair and Accurate Credit Transactions Act (FACT Act) was
passed, Equifax led the industry in crafting a unique strategy to
successfully address FACT Act requirements. We worked with law-
makers to implement a staged rollout. We educated and trained our
customers about how the Act would impact them. We were able to
forge a partnership with customers to share the financial burden of
the Act with us through a regulatory recovery fee. Flexibility on the
part of Equifax and our customers enabled us to minimize the
financial impact of the Act on our business.
Surveying our accomplishments in 2004, appreciating all the opportu-
nities we have created through strategic business transformation and
reflecting on many of the leadership attributes within our organiza-
tion, I can say honestly that I have never been more optimistic about
the future of Equifax. Rich data assets, robust intellectual property
and powerful technological resources are in place. When all of this is
driven by our Company’s thirst for innovation and growth, and over-
laid with the integrity and talent of our people, everything Equifax
needs for continued success is here. And it is a powerful foundation
for future success.
2002-03
•฀฀Launched฀Equifax฀Small฀Business฀Enterprise,฀a฀unique฀
repository฀of฀trade฀and฀credit฀data
•฀฀Acquired฀Imperitek
•฀฀Acquired฀14฀credit฀bureaus฀
•฀฀Signed฀global฀outsourcing฀agreement฀with฀IBM
•฀฀Launched฀Personal฀Solutions฀business฀in฀Canada฀
and฀the฀United฀Kingdom
•฀฀Acquired฀complete฀ownership฀of฀Brazil’s฀largest฀
commercial฀credit฀company
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