Equifax Partners AVS Systems - Analyst Blog


Equifax Inc. ( EFX ) recently announced that it has entered into a partnership with Canada based AVS Systems, a provider of automated registry services.  The company's automated platform offers lien management, compliance solutions and data mining services.

Through its PPSA Connect web-based portal, AVS technology enables online lien management (registration, notification, renewal, discharges) and lien registry searches (lien searches, corporate verification, corporate registry report, secured party notices).

AVS's new offerings namely PPSA Connect and Business Confirm are intended for companies that have an extensive IT infrastructure, which requires a certain level of compliance and enterprise integration.

With access to this critical and time sensitive information, businesses are better equipped to meet their needs with greater flexibility and security.

We believe that the partnership will help Equifax to penetrate the lien management market going forward. Moreover, the integrated product offering will prevent instances of data breaches and internal fraud, which in turn will enhance user acceptance and satisfaction.

Lately, Equifax has been entering into partnerships to expand its product portfolio, which will boost its market share going forward. In September, Equifax signed a deal with iovation to develop a solution to protect against fraud. The solutions will mobile users from theft, account takeover and other deceitful activities.

Equifax' focus on product innovation, broadening of data assets through acquisitions and continued share gains in North America are encouraging. We believe Equifax is well positioned to benefit from its leadership in important markets and strength in international markets.

Given the company's strong correlation with the consumer and financial markets as well as its U.S. and European exposure, we see a gradual improvement in results. Competition from Fiserv Inc. ( FISV ) and Automatic Data Processing, Inc. ( ADP ) is however a concern.

Currently, Equifax has a Zacks Rank #3 (Hold). A better-ranked stock in the technology sector is SanDisk Corp. ( SNDK ) with a Zacks Rank #1 (Strong Buy).

AUTOMATIC DATA (ADP): Free Stock Analysis Report

EQUIFAX INC (EFX): Free Stock Analysis Report

FISERV INC (FISV): Free Stock Analysis Report

SANDISK CORP (SNDK): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

This article appears in: Investing , Business , Stocks

Referenced Stocks: ADP , EFX , FISV , SNDK



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