Equifax, Inc. · NYSE:EFX
Equifax — Uncertain Times: Navigating a New Era of Eligibility webinar (June 2025)
23 slides from Equifax's conference presentation, Jun 26, 2025
Slide 1: Uncertain Times: Navigating a New Era of Eligibility
Uncertain Times: Navigating a New Era of Eligibility Webinar | Thursday, June 26 2025
Slide 2: Thanks for joining our webinar!
Thanks for joining our webinar! Welcome! Questions? Recording Thank you for joining our Please enter your questions This webinar is being webinar. Stay tuned for in the chat box on your recorded. You will receive an more from Equifax screen at any point during email with a link to view the Governmen
Slide 3: Critical items we'll discuss today
Critical items we’ll discuss today: ● Trump administration priorities im p a ctin g so cia l se rvice s ● Da ta tre n d s a m o n g a p p lica n t p o p u la tio n s ● Ho w a ge n cie s a re a d d re ssin g ch a n ge s wh ile su p p o rtin g co n tin u ity o f b e n e fits ● Sim p le , se cu re in c
Slide 4: Meet the Panelists
Meet the Panelists Todd Byrnes Ali Appleton Solutions Consultant, Equifax; former Associate Commissioner, VP, Government Relations, Equifax ali.appleton@equifax.com Texas HHSC linkedin.com / in/ na lys onga bel todd.byrnes@equifax.com linkedin.com/in/todd-byrnes-706b73251 Stephanie Cummings Aubrey N
Slide 5: Today's Landscape: Trump administration priorities
Today’s Landscape: I. Trump administration priorities impacting social services PROPRIETARY | 5
Slide 6: What are we watching for?
The Trump administration is emphasizing go ve rn m e n t e fficie n cy a n d stre a m lin in g fe d e ra l o p e ra tio n s, in clu d in g th o se re la te d to so cia l What are we watching p ro gra m s. for? I. How will the Reconciliation Bill and Reconciliation Bill (current draft) other bills im
Slide 7: How could these changes be implemented by the administration or Congress?
How could these changes be implemented by the administration or Congress? Here are some examples: Reconciliation Bill ● The House-passed megabill of Trump’s tax cut and spending priorities is making its way through Congress. ● Senate unveiled its version of reconciliation, which - in a surprise - in
Slide 8: Poll 1: Understanding Agency Priorities
Poll 1: Understanding Agency Priorities Which of the following is the biggest challenge you’re facing in administering Social Service Programs? ○ A) Adapting to new work requirements ○ B) Managing increasing caseloads ○ C) Verifying non-traditional income ○ D) Ensuring timely benefit delivery ○ E) R
Slide 9: Today's Landscape: Data trends among applicant populations
Today’s Landscape: I. Trump administration priorities impacting social services I. Data trends among the applicant populations PROPRIETARY | 9
Slide 10: Understanding the Fluctuations in Income and Employment for Benefit Applicants
Understanding the Fluctuations in Income and Employment for Benefit Applicants Based on a 2025 Equifax study: Income Changes ● 15% experienced an average monthly Rapid income shifts income decrease of more than 40%. and job changes can ● 21% experienced an average monthly impact benefit income incre
Slide 11: Emerging Trends in the US Labor Market
Emerging Trends in the US Labor Market 1099 and Gig workers are a growing part of the US labor force… 3X Gig economy is growing 3x faster than the total workforce¹ 1099 / Gig Workers Traditional Workers 39% of Americans are now working a side job in addition to their full- time job to pay their bill
Slide 12: Non W-2 or Traditional Workers: A growing population in need of support
Non W-2 or “Traditional” Workers: A growing population in need of support 1099 and Gig workers often deal with high touch income verification processes Household Assistance Healthcare Assistance 15% Gig workers receive public assistance1 >25% App-based Gig workers get health insurance through Medica
Slide 13: Poll 2: Current State of Income Verification
Poll 2: Current State of Income Verification How does your agency primarily verify non-traditional income (e.g. Gig workers, self-employed) for benefit applicants today? ○ A) Applicant self-attestation ○ B) Applicant provided documents (ledgers, business records, tax forms, etc.) ○ C) Third-party co
Slide 14: Today's Landscape: Addressing changes while supporting continuity of benefits
Today’s Landscape: I. Trump administration priorities impacting social services I. Data trends among applicant populations I. Addressing changes while supporting continuity of benefits PROPRIETARY | 14
Slide 15: Data insights provide value throughout the Social Service benefit lifecycle
Data insights provide value throughout the Social Service benefit lifecycle Program Integrity Annual Renewals Life Events and Mid-Year Reviews Initial Determination That May Impact of Benefit Eligibility Eligibility Unique data sets and solutions: Income & Incarceration Address & Employment Pointer
Slide 16: Transforming the Income Verification Experience
Transforming the Income Verification Experience Simple, secure income ve rifica tio n b e yo n d W-2s PROPRIETARY | 16
Slide 17: Equifax Study: Agency Perspective
Equifax Study: Agency Perspective 7 out of 10 managers within 46% o f b e n e fit d e cisio n m a ke rs go ve rn m e n t a ge n cie s la ck a cce ss to n o te d d ire ct a cce ss to applicant re co rd s o f in co m e e a rn e d o u tsid e o f income data as their primary tra d itio n a l e m p lo ym
Slide 18: Equifax Study: Applicant Perspective
Equifax Study: Applicant Perspective 48% of a p p lica n ts sa y th e y 34% of applicants expressed concerns worry th e y m igh t m a ke regarding security and privacy errors on the application.¹ re la te d to th e ir in co m e in fo rm a tio n . 87% o f a p p lica n ts su rve ye d sta te d th e y a
Slide 19: Complete Income
Complete Income™ A more complete financial picture of applicants With Complete Income, Social Services agencies can verify earned income from W-2 and self-employment, as well as unearned income and related self-employment expenses for benefit applicants. See instant payroll data, bank-connected depo
Slide 20: Actionable insights: How can we better support you?
Actionable insights: How can we better support you? 1. Co n n e ct with u s fo r a n in co m e a n d e m p lo ym e n t d a ta a n a lysis o n yo u r b e n e fit p o p u la tio n to ga u ge so lu tio n im p a ct 2. Sch e d u le a d e m o , o r b e ta te st th e Co m p le te In co m e so lu tio n 3. S
Slide 21: Questions?
Questions? PROPRIETARY | 21
Slide 22: Next Steps
Next Steps 1 SURVEY 2 CONTACT Complete the survey through Want to talk to someone about the webinar console your verification needs? Click on the “Want to Get In Touch” button on your webinar console or contact us at: theworknumber.com/contact 22 PROPRIETARY 22
Slide 23: poweungthe world with knowledge”
poweungthe world with knowledge”
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