8-KRegulation FDExhibits & Filings

EQUIFAX INC 8-K Report, Regulation FD Disclosure (Jun 11, 2008)

Filed June 11, 2008For Securities:EFX

Summary

Equifax Inc. (EFX) announced a significant strategic partnership with Fair Isaac Corp. (Fair Isaac) on June 10, 2008. This collaboration aims to develop and market advanced analytics and scoring solutions by combining Equifax's extensive consumer credit data with Fair Isaac's leading scoring technology. The joint venture will offer new FICO® analytic products to businesses and consumers, potentially enhancing revenue streams and market reach for both companies. Furthermore, this filing discloses that Fair Isaac has agreed to dismiss Equifax as a defendant in a previously filed lawsuit concerning VantageScore LLC. This dismissal, contingent on court approval, resolves ongoing litigation and removes a potential financial and operational overhang for Equifax. The partnership and litigation resolution signal positive developments for the company's future operations and strategic positioning.

Key Highlights

  • 1Equifax Inc. partners with Fair Isaac Corp. to develop and sell advanced analytics and scoring solutions.
  • 2The partnership will leverage Equifax's credit data and Fair Isaac's scoring technology.
  • 3Jointly marketed FICO® analytic products are planned for businesses and consumers.
  • 4Equifax and Fair Isaac are collaborating on the testing and rollout of the FICO® 08 model.
  • 5Fair Isaac will dismiss Equifax as a defendant in a lawsuit against VantageScore LLC.
  • 6The dismissal is part of a Settlement and Release Agreement, subject to court approval.
  • 7Terms of the partnership agreement were not disclosed.

Frequently Asked Questions

The partnership's main goal is to combine Equifax's consumer credit data with Fair Isaac's scoring technology to develop and market new advanced analytics and scoring solutions, including FICO® analytic products, for businesses and consumers.

Fair Isaac's agreement to dismiss Equifax as a defendant in the VantageScore LLC lawsuit is a positive development. It resolves ongoing litigation for Equifax, removing potential legal costs and uncertainties associated with the case, pending court approval.

No, the press release states that the specific terms of the partnership agreement between Equifax and Fair Isaac were not disclosed in this filing.

FICO® 08 is a credit scoring model developed by Fair Isaac. Equifax and Fair Isaac are working together to accelerate the testing and rollout of this specific model for Equifax's customers, in addition to their broader partnership to develop new analytic products.