Verification Exchange
Verification Exchange is an Equifax service for obtaining verified employment income data with an individual’s consent.
What Verification Exchange is
Verification Exchange is an Equifax service for obtaining verified employment income data with an individual’s consent. Verifiers can submit requests through an integrated API or web portal, and service terms list secure web, API and batch portal channels. Standardised reports use employer payroll data and refresh each payroll cycle, giving lending teams income information directly from source instead of relying on document uploads. The Client Rules Engine turns complex data into tailored attributes and supports auditability, including income breakdowns and key employment details. Credentialled verifier organisations must obtain employee consent before access is granted. Equifax says encryption and access management protect data provision, storage and verifier access; its Australian businesses, including Verification Exchange, are covered by ISO 27001 certification, and the service maintains SOC 2 coverage. Historical income data may be held for up to three years. The paid verifier subscription has no listed price and is not available to individuals in the EU or UK.
Good
- Direct employer and payroll income data
- Reports refresh each payroll cycle
- API, web and batch access channels
- Consent and credentialling controls
- Audit trail supports income verification
Watch out
- No free plan
- Unavailable to EU and UK individuals
- Manual reports are not immediate
Who it suits
It is intended for verifier organisations assessing applicants, employers sharing employee information and payroll partners supplying data. It suits domestic employment-income checks requiring consent and API or web access.
Verdict
Verification Exchange focuses on consented, source-based employment-income verification for domestic users. Its API, reports and audit features suit organisations replacing payslip collection, subject to geographic and subscription constraints.
Plans and prices
From Verification Exchange's own pricing page, checked 8 Oct 2026.
| Plan | Price | What it gives you |
|---|---|---|
| Verifier subscription (Employment Income or Employment verification) | Priced on request | Fees are set in a subscription agreement · real-time and manual verification options · subscription tiers depend on data available |
The facts
Each one read from Verification Exchange's own pages, with the date it was checked.
What it does
- Access
- Verifiers can submit requests with the individual’s consent through an integrated API or web portal.checked 8 Oct 2026
- Access channels
- Verifier service terms list a secure web interface, API and batch portal as delivery channels.checked 8 Oct 2026
- Audience
- The service is presented for verifiers assessing applicants’ employment income, employers sharing employee information, and payroll partners serving employer clients.checked 8 Oct 2026
- Availability
- Verification Exchange is not offered to or available for individuals located in the European Union or the UK.checked 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.checked 8 Oct 2026
- Client Rules Engine
- Its Client Rules Engine simplifies complex data into tailored attributes and provides auditability.checked 8 Oct 2026
- Compliance
- The service can provide an audit trail that includes income breakdowns and key employment details.checked 8 Oct 2026
- Consent and screening
- Verifier organisations are credentialled, and employee consent is required before access to employee data is granted.checked 8 Oct 2026
- Data history
- The service holds historical employment income data for up to three years for an employee.checked 8 Oct 2026
- Data retention
- The service holds historical employment income data for up to three years for an employee.checked 8 Oct 2026
- Data source
- The service provides employment income data directly from source, replacing document uploads with data.checked 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.checked 8 Oct 2026
- Employer fee
- The service is described as fee free for employers.checked 8 Oct 2026
- Fraud mitigation
- Equifax says direct-from-source verification can help mitigate payslip fraud and overstated income.checked 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.checked 8 Oct 2026
- Integration
- Payroll providers can supply payroll data from participating employers to support employee-authorised verification requests.checked 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.checked 8 Oct 2026
- Payroll partner integration
- Payroll partners provide payroll data so the service can respond to employee-authorised verification requests for participating employers.checked 8 Oct 2026
- Purpose
- Verification Exchange provides instant, consumer-consented access to verified employment income data from source to support lending decisions.checked 8 Oct 2026
- Reports
- Standardised employment income reports are generated from employer payroll data and refreshed each payroll cycle.checked 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.checked 8 Oct 2026
- Support
- Verification Exchange support is available by email at [email protected] or by phone at 1300 598 889.checked 8 Oct 2026
Alternatives to Verification Exchange
- 1
MyEmployment
Free planAndroidiOSWebAPI7.2$59 one-time - 2
ADP Workforce Now
AndroidiOSWeb7.1 - 3
Clear Verify
Free planWeb6.8Free plan - 4
Smile API
Free planWebAPI6.5Free plan - 56.2
- 6
NSDC Trust Employment Verification
AndroidiOSWebAPI6.2