Freedom251 › Employment Verification Software
Verification Exchange
What Verification Exchange is
Verification Exchange is an Equifax service for obtaining employment income data directly from employers and payroll providers, with the individual’s consent. Verifiers submit requests through an integrated API or web portal, with secure web, API, and batch channels listed. Standardized reports use employer payroll data and refresh each payroll cycle. The Client Rules Engine converts complex information into tailored attributes and provides auditability, including income breakdowns and key employment details. Equifax says direct source data can help reduce payslip fraud and overstated income. Credentialed verifier organizations must obtain employee consent, while employers are described as fee free. Historical employment income data may be held for up to three years per employee. Encryption and access management cover data provision, storage, and verifier access; Equifax cites ISO 27001 coverage for its Australian businesses and SOC 2 coverage for the service. If requested data is unavailable digitally, a manual report may require employer contact and is not immediate. The service is unavailable to individuals in the European Union and UK.
Who it suits
It suits verifier organizations assessing employment income, employers sharing employee information, and payroll partners supplying data. Lending teams needing consented, direct-source income reports may find the API and web access relevant.
What it does well
- Reports refresh every payroll cycle
- API and web portal access
- Client Rules Engine supports auditability
- Employer access is fee free
- Direct-source data can reduce payslip fraud
What to know first
- No free plan
- Manual reports are not immediate
- Historical data held up to three years
- Unavailable to EU and UK individuals
Plans
| Plan | Billed and limits | Price |
|---|---|---|
| Verifier subscription (Employment Income or Employment verification) | Fees are set in a subscription agreement · real-time and manual verification options · subscription tiers depend on data available | On request |
As equifax.com.au lists them, read 8 Oct 2026. The maker's own page has the final word.
Verdict
Verification Exchange provides consent-based employment income verification through digital channels and standardized payroll reports. Its coverage depends on participating employers and payroll data, with manual handling when digital records are unavailable.
Facts from Verification Exchange's own pages
- Access
- Verifiers can submit requests with the individual’s consent through an integrated API or web portal. · equifax.com.au, 8 Oct 2026
- Access channels
- Verifier service terms list a secure web interface, API and batch portal as delivery channels. · equifax.com.au, 8 Oct 2026
- Audience
- The service is presented for verifiers assessing applicants’ employment income, employers sharing employee information, and payroll partners serving employer clients. · equifax.com.au, 8 Oct 2026
- Availability
- Verification Exchange is not offered to or available for individuals located in the European Union or the UK. · equifax.com.au, 8 Oct 2026
- Certifications
- Equifax says its ISO 27001 certification covers its Australian businesses, including Verification Exchange, and that the service maintains its own SOC 2 coverage. · equifax.com.au, 8 Oct 2026
- Client Rules Engine
- Its Client Rules Engine simplifies complex data into tailored attributes and provides auditability. · equifax.com.au, 8 Oct 2026
- Compliance
- The service can provide an audit trail that includes income breakdowns and key employment details. · equifax.com.au, 8 Oct 2026
- Consent and screening
- Verifier organisations are credentialled, and employee consent is required before access to employee data is granted. · equifax.com.au, 8 Oct 2026
- Data history
- The service holds historical employment income data for up to three years for an employee. · equifax.com.au, 8 Oct 2026
- Data retention
- The service holds historical employment income data for up to three years for an employee. · equifax.com.au, 8 Oct 2026
- Data source
- The service provides employment income data directly from source, replacing document uploads with data. · equifax.com.au, 8 Oct 2026
- Disputes
- When an employee disputes a record, Equifax can block it during the dispute period, while the employer remains responsible for correcting its payroll data. · equifax.com.au, 8 Oct 2026
- Employer fee
- The service is described as fee free for employers. · equifax.com.au, 8 Oct 2026
- Fraud mitigation
- Equifax says direct-from-source verification can help mitigate payslip fraud and overstated income. · equifax.com.au, 8 Oct 2026
- Fraud reduction
- The service helps reduce payslip fraud by giving verifiers access to employment income data directly from employers and their service providers. · equifax.com.au, 8 Oct 2026
- Integration
- Payroll providers can supply payroll data from participating employers to support employee-authorised verification requests. · equifax.com.au, 8 Oct 2026
- Manual verification limit
- When requested data is not digitally available, Equifax may contact employers directly, and the resulting manual report is not immediately available. · equifax.com.au, 8 Oct 2026
- Payroll partner integration
- Payroll partners provide payroll data so the service can respond to employee-authorised verification requests for participating employers. · equifax.com.au, 8 Oct 2026
- Purpose
- Verification Exchange provides instant, consumer-consented access to verified employment income data from source to support lending decisions. · equifax.com.au, 8 Oct 2026
- Reports
- Standardised employment income reports are generated from employer payroll data and refreshed each payroll cycle. · equifax.com.au, 8 Oct 2026
- Security
- Equifax says encryption and access management are used across data provision, storage, and verifier access, and that its Australian businesses, including Verification Exchange, are covered by ISO 27001 certification. · equifax.com.au, 8 Oct 2026
- Support
- Verification Exchange support is available by email at [email protected] or by phone at 1300 598 889. · equifax.com.au, 8 Oct 2026
Where Verification Exchange stands on Freedom251
- Employment Verification Software#24 of 28