Equifax 2007 Annual Report Download

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2007 ANNUAL REPORT

Table of contents

  • Page 1
    2007 ANNUAL REPORT

  • Page 2
    ... and marketing information solutions, employment and income verification, as well as human resources business process outsourcing services. Leveraging one of the largest sources of consumer and commercial data, along with advanced analytics and proprietary technology, we create customized insights...

  • Page 3
    ... our largest customers. U.S. consumer online revenue grew through increased penetration of analytics and Enabling Technologies, offset by decreases in mortgage reporting, credit marketing and direct marketing services. • North America Commercial Solutions had a strong year with revenue climbing...

  • Page 4
    ... in 2007 was the acquisition of TALX Corporation, a leading provider of employment verification and other workforce solutions. The core asset of the TALX business is The Work Number® consumer employment and income database. Consumer credit, demographic and employment data offer a unique competitive...

  • Page 5
    ... credit. This transformation was recognized when Equifax was named as one of FORTUNE magazine's 2007 most admired companies - a well-deserved honor for the 7,000 Equifax employees world-wide. Sincerely, REVENUE BY INDUSTRY Financial Mortgage Consumer Commercial Retail Automotive Human Resources...

  • Page 6
    ... a lost opportunity into additional revenue and a more loyal customer. Equifax Settlement Services is another example of how we offer integrated solutions that incorporate new and existing products. Combining traditional mortgage closing functions with analytic and marketing data, this product suite...

  • Page 7
    ... idea: We solve client challenges so they can grow revenues and maximize their return on investment. We make this happen by introducing Equifax products and Enabling Technologies from one geographic market to another, sharing best practices among our global management team and executing at the local...

  • Page 8
    ... in the FORTUNE 500 Index. The TALX sweet spot is managing workforce information. The Work Number® database contains over 166 million employment records, and we are adding over one million new records per month. We use technology to enrich our solutions and empower our customers - much like Equifax...

  • Page 9
    ... 2004-2007 Revenue (in millions) Operating Income (in millions) $160 $40 $120 $30 $ 80 $20 STEVE ELY PRESIDENT, NORTH AMERICA PERSONAL SOLUTIONS "Listening to consumers and responding to their needs is at the heart of our business. We have unique capabilities to help consumers manage their...

  • Page 10
    ... risk decisioning platforms that support our unique data; and offering premier marketing solutions to clients." $40 $10 $20 $ 5 0 04 05 06 07 0 04 05 06 07 Both revenue and operating income have increased year-over-year. North America Commercial Information Solutions empowers businesses...

  • Page 11
    ...cer and Director Citrix Systems, Inc. Committee: Finance Jacquelyn M. Ward (1999) Retired Chairman and Chief Executive Officer Computer Generation, Inc. Committee: Compensation, Human Resources and Management Succession Date indicates year of election. CONTACTS Corporate Offices Equifax Inc. 1550...

  • Page 12
    ... obtain a copy of our 2007 Annual Report on Form 10-K, without charge, by writing to the Corporate Secretary, P.O. Box 4081, Atlanta, Georgia 30302, or online from our website, www.equifax.com. STOCK PRICES Quarter 2007 High Low 2006 High Low 2005 High Low First Second Third Fourth Year $0.04 0.04...

  • Page 13
    ... items" on the inside cover, to "adjusted earnings per share" on page 1, and to North America Personal Solutions operating income for 2006, excluding a litigation loss contingency, in the table on page 7 of this annual report, exclude certain items from the nearest equivalent presentation under...

  • Page 14
    ... total shareholder return with the Standard & Poor's Composite Stock Index (S&P 500) and our peer group, the Dow Jones U.S. General Financial Index. The graph assumes that the value of the investment in our Common Stock, the S&P 500 Index and the peer group was $100 on the last trading day of...

  • Page 15
    ... on the closing sale price as reported on the New York Stock Exchange. At January 31, 2008, there were 129,644,930 shares of common stock outstanding. D O C U M E N T S I NC OR P OR AT E D BY R E F E R E NC E Registrant's definitive proxy statement relating to its annual meeting of shareholders...

  • Page 16
    ... of TALX Corporation, or TALX, on May 15, 2007, we became a leading provider of payroll-related and human resources business process outsourcing services in the United States of America, or U.S. We currently operate in three global regions: North America (U.S., Canada and Costa Rica), Europe (the...

  • Page 17
    ... Solutions International Canada Consumer Latin America The Work Number® TALX OCIS CMS DMS Europe Tax & Talent Management Services Online consumer credit reports Consumer scores and analytical services Enabling technology services (i.e., credit decisioning platforms) Consumer identity...

  • Page 18
    ...services, enable our customers to monitor default rates and proactively manage their existing credit card or other consumer loan accounts. OCIS customers access products through a full range of electronic distribution mechanisms, including direct real-time access, which facilitates instant decisions...

  • Page 19
    ...reporting and scoring, consumer marketing, risk management, fraud detection and modeling services, together with certain of our decisioning products that facilitate pre-approved offers of credit and automate a variety of credit decisions. Europe. Our European operation provides information solutions...

  • Page 20
    ... business decisions. Our North America Personal Solutions business is investing in data to enable consumers to more effectively manage their identity using online tools. Our TALX business will continue to add employee files in the TWN Services database. Areas of focus for investment in new sources...

  • Page 21
    ...for the misuse of such information or unauthorized access to data. Many of these provisions also affect our customers' use of consumer credit or other data we furnish. The information underlying our North America Commercial Services and Direct Marketing Services businesses is less regulated than the...

  • Page 22
    ... mortgage settlement service. A number of states in the U.S. have passed versions of security breach notification and credit file freeze legislation. A file freeze enables identity theft victims, or in certain states recipients of data breach notices or all consumers, to place and lift a freeze...

  • Page 23
    ... Chief Human Resources Officer Corporate Vice President and Chief Marketing Officer Corporate Vice President and Chief Information Officer President, U.S. Consumer Information Solutions President, TALX President, North America Personal Solutions President, International President, North America...

  • Page 24
    ..., GE Global Consumer Finance and GE Energy Services. Prior thereto, he worked as an information technology and management consultant with EDS and Andersen Consulting. Mr. Adams assumed his current position in January 2007. He joined Equifax in 1999 and has served as Group Executive, North America...

  • Page 25
    ... certain international markets, including the U.K, Canada and in Latin America, remain a core product. In general, our customers use our credit information and related services to process applications for new credit cards, automobile loans, home mortgages, home equity loans and other consumer loans...

  • Page 26
    ...reasonable cost may adversely impact our revenue growth and the price of our stock. We may suffer adverse financial consequences if Computer Sciences Corporation requires us to purchase its credit reporting business when the public equity or debt markets or other financing conditions are unfavorable...

  • Page 27
    ...breaches in connection with the delivery of our products and services via ePORT, our Personal Solutions website, or well-publicized security breaches not involving the Internet that may affect us or our industry, such as database intrusion, could be detrimental to our business, operating results and...

  • Page 28
    ... pending litigation. Risks Relating to Our Industry Changes in the legislative, regulatory and judicial environments may adversely affect our ability to collect, manage, aggregate and use data and may increase our costs of doing so. The credit reporting, direct marketing and employment verification...

  • Page 29
    ... our Latin America operations and located in Sao Paulo, Brazil and Santiago, Chile. Our building located in Wexford, Republic of Ireland, which was utilized by our European operations, was sold in January 2007. In July 2007, we purchased the two buildings which house our Atlanta, Georgia data center...

  • Page 30
    ... Corporation v. Equifax Inc., Experian Information Solutions, Inc., TransUnion LLC and VantageScore Solutions LLC, Fair Isaac Corporation filed a lawsuit in the U.S. District Court for the District of Minnesota, alleging that the national credit reporting companies and VantageScore Solutions LLC...

  • Page 31
    ... for the month of December 2007. (2) Average price paid per share for shares purchased as part of our publicly-announced plan (includes brokerage commissions). (3) On February 14, 2007, in connection with our acquisition of TALX, the Board authorized and we publicly announced an increase in the...

  • Page 32
    ...in the second quarter of 2007 with ten- and thirty-year notes. We subsequently repurchased 17.9 million shares of Equifax common stock through December 31, 2007 for $718.7 million, as authorized by our Board of Directors. For additional information about the TALX acquisition, see Note 2 of the Notes...

  • Page 33
    .... North America Commercial Solutions revenue is principally transaction-based and is derived from the sale of business information, credit scores and portfolio analytics (decisioning tools) that enable customers to utilize our reports to make financial, marketing and purchasing decisions related to...

  • Page 34
    ...America. Canada Consumer's products and services are similar to our USCIS offerings, while Europe and Latin America are made up of varying mixes of product lines that are in our USCIS, North America Commercial Solutions and North America Personal Solutions reportable segments. Geographic Information...

  • Page 35
    ... to increased call volume and a second outsourced call center related to North America Personal Solutions. The 2006 increases in cost of services were primarily due to operating revenue growth and increased salary expenses due to higher headcount and our annual incentive program. The 2007 increase...

  • Page 36
    ... primarily due to increased interest expense driven by a higher level of debt during 2007 which was used to fund the acquisition of TALX and our share buy back activity in 2007. See Note 4 for additional information about debt agreements initiated or acquired during 2007. The 2006 decrease in other...

  • Page 37
    ...% 14% nm Our 2007 decline in net income was a function of growth in operating income from our International, North America Personal Solutions and North America Commercial Solutions segments, when compared to 2006, and from the acquisition of TALX, more than offset by increased interest expense and...

  • Page 38
    ...from new customers and products. U.S. Consumer Information Solutions Operating Margin The 2007 decline in operating margin was primarily a result of the fixed cost nature of the USCIS business in the midst of revenue declines in our Mortgage Reporting Solutions, Credit Marketing Services and Direct...

  • Page 39
    ...recorded in the third quarter of 2006. INTERNATIONAL Twelve Months Ended December 31, (Dollars in millions) Change 2007 vs. 2006 $ % 2006 vs. 2005 $ % 2007 2006 2005 Operating revenue: Europe Latin America Canada Consumer Total operating revenue % of Consolidated Revenue Total operating income...

  • Page 40
    ... our legacy North America Commercial Solutions product offerings. Online transaction volume for our commercial credit information products was 4.7 million in 2007, up from 3.6 million in 2006. The 2007 decrease in operating margin was primarily attributable to increased volume-related costs and...

  • Page 41
    ... level and are not directly associated with activities of a particular operating segment. These expenses include shared services, administrative, legal and equity compensation costs. The 2007 increase in general corporate expense was primarily driven by our acquisition of TALX; higher costs of...

  • Page 42
    ... owners of a company purchased by TALX pursuant to an earn-out agreement. Acquisition of Credit Reporting Business. On October 19, 2007, in order to continue to grow our credit data business, our Peruvian subsidiary purchased 100% of the stock of a credit reporting business located in Peru for...

  • Page 43
    ... our enabling technology capabilities. During the twelve months ended December 31, 2005, in order to continue to grow our credit data franchise, we also acquired the credit files, contractual rights to territories and customer relationships and related businesses of two independent credit reporting...

  • Page 44
    ... $ 7.2 Sources and uses of cash related to equity during the twelve months ended December 31, 2007, 2006 and 2005 were as follows: • Under share repurchase programs authorized by our Board of Directors, we purchased 17.9 million, 6.0 million and 4.2 million common shares on the open market during...

  • Page 45
    ..., 2007, and all have a maturity of one year or less. Guarantees are issued from time to time to support the needs of our operating units. In connection with the sale of our risk management collections business to RMA Holdings, LLC, or RMA, in October 2000, we guaranteed the operating lease payments...

  • Page 46
    ... Management business units within the TALX operating segment is generally higher in the first quarter due primarily to the provision of Form W-2 preparation services which occur in the first quarter each year. Revenue from our OCIS and Mortgage Reporting Solutions business units tends to increase...

  • Page 47
    .../territorial rights representing the estimated fair value of rights to operate in certain territories acquired through the purchase of independent credit reporting agencies in the U.S. and Canada. Our contractual/ territorial rights are perpetual in nature and, therefore, the useful lives are...

  • Page 48
    ... be exposed to increases or decreases in income tax expense that could be material. Pension and Other Postretirement Plans Our pension and other postretirement plans are accounted for using actuarial valuations required by SFAS No. 158, "Employers' Accounting for Defined Benefit Pension and Other...

  • Page 49
    ... service period. We reassess all assumptions used in calculating fair value each grant date. Judgments and uncertainties. The fair value of our stock options is calculated using the binomial model which incorporates assumptions regarding anticipated employee exercise behavior, expected stock price...

  • Page 50
    ... to our revenue and pre-tax operating profit for 2007 and 2006. Interest Rate Risk Our exposure to market risk for changes in interest rates relates to our variable-rate, long-term Senior Credit Facility and commercial paper borrowings. We attempt to achieve the lowest all-in weighted-average cost...

  • Page 51
    ... Internal Control over Financial Reporting Report of Independent Registered Public Accounting Firm on Internal Control over Financial Reporting Report of Independent Registered Public Accounting Firm Consolidated Statements of Income for each of the three years in the period ended December 31, 2007...

  • Page 52
    ... statements of income, shareholders' equity and comprehensive income, and cash ï¬,ows for each of the three years in the period ended December 31, 2007 of Equifax Inc. and subsidiaries and our report dated February 26, 2008 expressed an unqualified opinion thereon. Atlanta, Georgia February 26...

  • Page 53
    ... Plans, an amendment of FASB Statements No. 87, 88, 106 and 132R, in 2006. We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the effectiveness of Equifax Inc.'s internal control over financial reporting as of December 31, 2007...

  • Page 54
    ...ONS OL I DAT E D STAT E M E N T S OF I NC OM E Twelve Months Ended December 31, (In millions, except per share amounts) 2007 2006 2005 Operating revenue Operating expenses: Cost of services (exclusive of depreciation and amortization below) Selling, general and administrative expenses Depreciation...

  • Page 55
    ..., net of allowance for doubtful accounts of $8.9 and $8.7 at December 31, 2007 and 2006, respectively Prepaid expenses Other current assets Total current assets Property and equipment: Capitalized internal-use software and system costs Data processing equipment and furniture Land, buildings...

  • Page 56
    ... credit facilities Payments on long-term debt Proceeds from issuance of long-term debt Treasury stock purchases Dividends paid Proceeds from exercise of stock options Excess tax benefits from stock-based compensation plans Other Cash used in financing activities Effect of foreign currency exchange...

  • Page 57
    ... 31, 2006 Net income Other comprehensive income Shares issued under stock plans Shares issued under benefits plans Treasury stock traded for option price Treasury stock exchanged for minimum tax withholdings Equity consideration issued for TALX acquisition Treasury stock purchased ($40.12 per...

  • Page 58
    ... $(157.8) Twelve Months Ended December 31, (In millions) 2007 2006 2005 Net income Other comprehensive income: Foreign currency translation adjustment Recognition of prior service cost and actuarial losses related to our pension and other postretirement benefit plans Change in cumulative loss...

  • Page 59
    ... of Operations. We collect, organize and manage various types of financial, demographic, employment and marketing information. Our products and services enable businesses to make credit and service decisions, manage their portfolio risk, automate or outsource certain payroll, tax and human resources...

  • Page 60
    ... data acquisition and royalty fees; (2) customer service costs, which include: personnel costs to collect, maintain and update our proprietary databases, to develop and maintain software application platforms and to provide consumer and customer call center support; (3) hardware and software expense...

  • Page 61
    ...to seven years. Upon sale or retirement of an asset, the related costs and accumulated depreciation are removed Twelve Months Ended December 31, 2007 2006 2005 Weighted-average shares outstanding (basic) Effect of dilutive securities: Stock options Long-term incentive plans Weighted-average shares...

  • Page 62
    ... of acquired credit files, on a straight-line basis. All of our other purchased intangible assets are also amortized on a straight-line basis. Useful Life Asset (in years) Purchased data files Acquired software and technology Non-compete agreements Proprietary database Customer relationships Trade...

  • Page 63
    ... of foreign subsidiaries at the year-end rate of exchange and revenue and expenses at the monthly average rates during the year. We record the resulting translation adjustment in other comprehensive income, a component of shareholders' equity. We also record gains and losses resulting from...

  • Page 64
    ... and analytics to support customer 2. ACQUISITIONS 2007 Acquisitions. On October 19, 2007, in order to continue to grow our credit data business, our Peruvian subsidiary, which is reported in our International operating segment, purchased 100% of the stock of a credit reporting business located in...

  • Page 65
    ...integration areas) and customer relationships and related businesses of two independent credit reporting agencies in the U.S. (also referred to as Affiliates) and one in Canada that had housed their consumer information on our system. The acquisitions in 2005 had a total cash purchase price of $129...

  • Page 66
    ... for the twelve months ended December 31, 2007 are as follows: U.S. Consumer Information Solutions North America Personal Solutions North America Commercial Solutions International TALX Total Balance, January 1, 2007 Acquisitions Adjustments to initial purchase price allocation Foreign currency...

  • Page 67
    ... to as the Senior Credit Facility, to increase the borrowing limit from $500.0 million to $850.0 million. Borrowings may be used for general corporate purposes, including working capital, capital expenditures, acquisitions and share repurchase programs. The Senior Credit Facility expires in July...

  • Page 68
    ... existing Board authorization. At December 31, 2007, $219.5 million in commercial paper notes were outstanding, at a weighted-average fixed interest rate of 5.5% per annum, all with maturities of less than 90 days. 4.25% Notes. Upon our July 26, 2007 acquisition of our Atlanta, Georgia data center...

  • Page 69
    ... minimum payment obligations for non-cancelable operating leases exceeding one year are as follows as of December 31, 2007: Years Ending December 31, (In millions) due to factors such as the volume of data processed; changes in our servicing needs as a result of new product offerings, acquisitions...

  • Page 70
    ...31, 2007, and all have a maturity of one year or less. Guarantees are issued from time to time to support the needs of our operating units. In connection with the sale of our risk management collections business to RMA Holdings, LLC, or RMA in October 2000, we guaranteed the operating lease payments...

  • Page 71
    ...the local province. The likelihood and potential amount of such claim is unknown at this time. We cannot predict when this tax matter will be resolved. 6. INCOME TAXES We record deferred income taxes using enacted tax laws and rates for the years in which the taxes are expected to be paid. Deferred...

  • Page 72
    ...) December 31, 2007 2006 Deferred income tax assets: Employee pension benefits Net operating and capital loss carryforwards Unrealized foreign exchange loss Foreign tax credits Employee compensation programs Reserves and accrued expenses Deferred revenue Other Gross deferred income tax assets...

  • Page 73
    ...twelve months by a range of zero to $17.9 million, related primarily to issues involving the Brazilian and U.K. operations. 7. STOCK-BASED COMPENSATION We have two active share-based award plans that provide our officers and certain employees with stock options and nonvested stock. These plans are...

  • Page 74
    ..., 2007, our total unrecognized compensation cost related to nonvested stock was $12.7 million with a weighted-average recognition period of 1.8 years. The following table summarizes information about nonvested stock grants for the twelve months ended December 31, 2006 and 2005: Year Number of Shares...

  • Page 75
    ... times the exercise price of the Right. If Equifax were acquired in a merger or other business combination, each Right would entitle its holder to purchase the number of the acquiring company's common stock having a market value of two times the exercise price of the Right. In either case, our Board...

  • Page 76
    ... or more of these plans. We also maintain certain healthcare and life insurance benefit plans for eligible retired employees. The measurement date for our defined benefit pension plans and other postretirement benefit plans is December 31st of each year. Pension Benefits. Pension benefits are...

  • Page 77
    ... $ 1.6 Components of Net Periodic Benefit Cost. (In millions) 2007 Pension Benefits 2006 2005 2007 Other Benefits 2006 2005 Service cost Interest cost Expected return on plan assets Amortization of prior service cost Recognized actuarial loss Special termination benefit Total net periodic...

  • Page 78
    ... Rate of compensation increase Weighted-Average Assumptions Used to Determine Net Periodic Benefit Cost at December 31, (In millions) 6.23% 4.30% Pension Benefits 2006 2005 5.86% 4.28% 6.04% N/A Other Benefits 2006 5.84% N/A 2007 2007 2005 Discount rate Expected return on plan assets Rate...

  • Page 79
    ... such as (1) Equifax common stock or securities, except as might be incidental to any pooled funds which the plan may have, (2) commodities or loans, (3) short sales and the use of margin accounts, (4) put and call options, (5) private placements, and (6) transactions which are "related-party" in...

  • Page 80
    ... that allow for certain management employees and the Board of Directors to defer the receipt of compensation (such as salary, incentive compensation, commissions, and/or stock from the exercise of stock options or vested shares) until a later date based on the terms of the plans. The benefits under...

  • Page 81
    ... America Information Services as well as our October 2006 acquisition of Austin-Tetra. International consists of our consumer business in Canada and all of our businesses in Europe and Latin America. North America Personal Solutions remained unchanged. Our financial results for the twelve months...

  • Page 82
    ...Twelve Months Ended December 31, 2007 2006 2005 Operating revenue: Online Consumer Information Solutions $ 639.0 Mortgage Reporting Solutions 66.1 Credit Marketing Services 156.4 Direct Marketing Services 108.2 Total U.S. Consumer Information Solutions 969.7 Europe 183.8 Latin America 182.5 Canada...

  • Page 83
    (In millions) December 31, 2007 2006 (In millions) Twelve Months Ended December 31, 2007 2006 2005 Total assets: U.S. Consumer Information Solutions International North America Personal Solutions North America Commercial Solutions TALX General Corporate Total assets $ 973.6 652.0 15.5 78.2 1,...

  • Page 84
    ... were impacted by certain events, as follows: • During 2007 and 2006, we made several acquisitions, including TALX and a credit reporting business located in Peru during 2007 and Austin-Tetra during 2006. For additional information about these acquisitions, see Note 2 of the Notes to Consolidated...

  • Page 85
    ...ethics/main.shtml, or in print upon request to the Corporate Secretary, Equifax Inc., P.O. Box 4081, Atlanta, Georgia, 30302. We will post any amendments to the code of ethics and business conduct, and any waivers that are required to be disclosed by the rules of either the SEC or the New York Stock...

  • Page 86
    ... MANAGEMENT AND RELATED STOCKHOLDER MATTERS Information required by Item 12 of Part III is included in the section of our 2008 Proxy Statement captioned "Stock Ownership" and is incorporated herein by reference. Securities Authorized for Issuance Under Equity Compensation Plans Information required...

  • Page 87
    ...Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities indicated on February 27, 2008. /s/ RICHARD F. SMITH Richard F. Smith Chairman and Chief Executive Officer /s/ LEE ADREAN Lee Adrean Corporate Vice President...

  • Page 88
    ...INDEX Exhibit Number Description 2.1 Plan of Acquisition, Reorganization, Arrangement, Liquidation or Succession Agreement and Plan of Merger dated February 14, 2007, among Equifax Inc., TALX Corporation and Chipper Corporation (incorporated by reference to Exhibit 2.1 to Equifax's Form 8-K filed...

  • Page 89
    ....28 10.29 10.30 Equifax Inc. Non-Employee Director Stock Option Plan and Form of Non-Employee Director Stock Option Agreement (incorporated by reference to Exhibit 10.16 to Equifax's Form 10-K filed March 31, 1999). Equifax Inc. Supplemental Executive Retirement Plan (incorporated by reference to...

  • Page 90
    ...). TALX Corporation 2005 Omnibus Stock Plan (incorporated by reference to Exhibit 10.11 to Equifax's Form 10-Q filed August 1, 2007). Material Contracts Agreement for Computerized Credit Reporting Services and Options to Purchase and Sell Assets dated as of August 1, 1988 among The Credit Bureau...

  • Page 91
    ... Step) Receivables Sale Agreement dated as of September 7, 2004, among Equifax Inc., Equifax Information Services LLC, Equifax Direct Marketing Solutions LLC, Equifax Information Services of Puerto Rico Inc. and Compliance Data Center, Inc., as Originators, and Equifax Capital Management, Inc., as...

  • Page 92
    ...) Description Deductions Reserves deducted in the balance sheet from the assets to which they apply: Trade accounts receivable Deferred income tax asset valuation allowance $ 8.7 74.8 $83.5 $7.3 0.2 $7.5 $ - 8.6 $8.6 $ (7.1) (22.8) $(29.9) $ 8.9 60.8 $69.7 2006 Column A Column B Balance at...

  • Page 93
    ... Equifax Real Estate Mortgage Solutions, LLC (Georgia), which owns 59.4% of Total Credit Services, L.P. (Delaware), along with FT/E Mortgage Solutions, LLC, which owns 1%. Registrant's subsidiary Equifax Information Services LLC owns 25% of Online Data Exchange LLC (Delaware), 33% of Central Source...

  • Page 94
    ... Plan, TALX Corporation Amended and Restated 1994 Stock Option Plan, and TALX Corporation Outside Directors' Stock Option Plan (File No. 333-142997); and Registration Statement on Form S-3 pertaining to the shelf registration of Equifax Inc. debt securities (File No. 333-144009). Atlanta, Georgia...

  • Page 95
    ... design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and b) Any fraud, whether or not material, that involves management or other employees who have...

  • Page 96
    ... design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and report financial information; and b) Any fraud, whether or not material, that involves management or other employees who have...

  • Page 97
    ...-OXLEY ACT OF 2002 In connection with the Annual Report of Equifax Inc. (the "Company") on Form 10-K for the year ended December 31, 2007, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Richard F. Smith, Chairman and Chief Executive Officer of the...

  • Page 98
    ... 906 OF THE SARBANES-OXLEY ACT OF 2002 In connection with the Annual Report of Equifax Inc. (the "Company") on Form 10-K for the year ended December 31, 2007, as filed with the Securities and Exchange Commission on the date hereof (the "Report"), I, Lee Adrean, Chief Financial Officer of the...

  • Page 99
    ... Corporation in January 2005 and served as its Chief Staff Officer during 2004. He is also a director of New York Life Insurance Company. Newly Appointed Board Member Mark B. Templeton Director since February 2008. President and a director of Citrix Systems, Inc., a global software development...

  • Page 100
    Equifax Inc. 1550 Peachtree Street, N.W. Atlanta, Georgia 30309 Telephone (404) 885-8000 www.equifax.com Form #3201-07