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ATLANTA, Dec. 22, 2014 /PRNewswire/ -- Equifax Inc. (NYSE: EFX) today announced it has signed a significant multi-year, multi-million dollar partnership agreement with the UK Government for debt recovery services to be managed through TDX Group - an Equifax Company (TDX).

TDX, the United Kingdom's largest debt placement services and debt management platform company, was acquired by Equifax in January 2014.  TDX will partner with the UK Government through a new entity, Integrated Debt Services, Ltd.  The business will enable the government to externally purchase debt recoveries services as a single customer, and to access the full debt recovery market more efficiently and effectively. 

Integrated Debt Services, Ltd. will launch with six Government Departments as initial customers who have committed to using its capabilities as a single gateway to access the increased capacity and capability of the private sector.  On-boarding of initial customers and rollout will commence at different intervals beginning in spring 2015.  The scope of debt services to be contracted through Integrated Debt Services, Ltd. will include:

• Provision of analytics (data cleansing and enrichment services) where required by departments
• Provision and management of collection activity by debt collection agencies
• Litigation and enforcement services

"This is a strategic opportunity that is well-aligned with the strength of our TDX debt management capabilities and is a great initial step which will be supported by a series of commercial agreements to be signed in early 2015," said Equifax Chairman and CEO Rick Smith. "We are pleased with the UK Government's recognition of the expertise we will bring as a partner, enabling them to facilitate fair and effective collection of over £22 billion in outstanding debt to that country's government."

Founded in 2004, Nottingham-based TDX is the leading established Recoveries Management company in the UK.  Its model using technology and analytics that drive collection performance has delivered proven value to clients in the Private and Public sector, and today's announcement builds on an existing Public sector contract. TDX Group has established relationships with and access to more than 55 suppliers who provide services ranging from debt collection to enforcement services.

About Equifax
Equifax is a global leader in consumer, commercial and workforce information solutions that provide businesses of all sizes and consumers with insight and information they can trust. Equifax organizes and assimilates data on more than 600 million consumers and 81 million businesses worldwide.  The company's significant investments in differentiated data, its expertise in advanced analytics to explore and develop new multi-source data solutions, and its leading-edge proprietary technology enable it to create and deliver unparalleled customized insights that enrich both the performance of businesses and the lives of consumers.

Headquartered in Atlanta, Equifax operates or has investments in 19 countries and is a member of Standard & Poor's (S&P) 500® Index.  Its common stock is traded on the New York Stock Exchange (NYSE) under the symbol EFX. In the past year, Equifax has been named a Bloomberg BusinessWeek Top 50 company and ranked in the top 25 companies of the InfoWeek 500 and the FinTech 100. For more information, please visit www.equifax.com.

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SOURCE Equifax Inc.