) 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
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
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
AUTOMATIC DATA (ADP): Free Stock Analysis
EQUIFAX INC (EFX): Free Stock Analysis Report
FISERV INC (FISV): Free Stock Analysis Report
SANDISK CORP (SNDK): Free Stock Analysis
To read this article on Zacks.com click here.
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
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
Automatic Data Processing, Inc.
) is however a concern.
Currently, Equifax has a Zacks Rank #3 (Hold). A better-ranked
stock in the technology sector is
) with a Zacks Rank #1 (Strong Buy).