Verification Exchange for Employers

 
Outsource your employees' employment income verification
 

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What is Verification Exchange for Employers?

This is a free service for employers that brings efficiency and data security to the employment income verification process. No more wasted time and resources responding to requests from employees to have employment reports forwarded to verifiers. 

Verification Exchange links to your employee payroll records and produces reports on behalf of each participating employer. The use of best practice data management technology protects against fraud and unauthorised access.

How it works

Provide your verification of an employee’s employment income in a few quick and easy steps

01.

Your payroll data is linked to the Verification Exchange

02.

When a 3rd party, approached by your employee for a service, needs proof of their employment or employment income, they contact the Verification Exchange

03.

Identification credentials of the 3rd party are verified, and consent of the employee is confirmed

04.

An Employment Income report is issued to the 3rd party

Verification Exchange follows the privacy by design principle and globally recognised best practices in data security management.

Value for you

Our online process eliminates your administrative burden of both answering queries and requests from employees or 3rd parties and producing reports on employee’s income and work history. Improve your efficiency and maintain data integrity with this automated end-to-end reporting solution.

Reduced resources

Soon after our service begins, you may notice an improvement in your workplace operations, including the freeing up of valuable resources. Our long-standing, trusted relationships with lenders and other verifiers makes the switch to automated employment income verification quick and easy.

How we keep data secure

Verification Exchange operates in compliance with Equifax’s global data security policies. To protect the integrity of data accessed through our online portals, we’ve incorporated numerous security measures including encryption, tokenisation and stringent identification requirements.

Superior Service

Your employee payroll data is linked to the Verification Exchange. We can then provide 3rd party verifier organisations with an employee’s employment income verification on your behalf. In addition, customer support is provided for all parties involved to help ensure a seamless process.

Data Quality

We are able to offer a quality service to employees and their third party (financial) service providers, as the Verification Exchange is linked directly to your employees' payroll data.  Equifax does not alter or correct information. This remains in the control of the employer. If an employee contends the accuracy of the data, Equifax is able to block the record for any verification and refer the employee back to the employer to resolve any errors.

Leadership in security is fundamental to our business. Verification Exchange leverages the Equifax security framework and treats security practices with utmost importance.

Frequently Asked Questions

You need to inform the 3rd party verifier to contact the Verification Exchange support team at support.au.ve@equifax.com or 1300 598 889.

We are able to offer a quality service to employees and their third party (financial) service providers, as the Verification Exchange is linked directly to your employees' payroll data.  Equifax does not alter or correct information. This remains in the control of the employer. If an employee contends the accuracy of the data, Equifax is able to block the record for any verification and refer the employee back to the employer to resolve any errors.

We only use personal information in the data for the limited purposes of delivering the Verification Exchange services as set out in our Terms of use and Collection Statement

Ready to get started?

See how it works with a free demonstration.

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