Equifax® (NYSE: EFX) completed the acquisition of Midigator LLC, an American Fork, Utah-based provider of post-transaction fraud mitigation solutions.
The agreement to acquire Midigator was announced on July 26, 2022. The amount of the deal was not disclosed.
With this acquisition, Equifax further expands the company’s global presence in digital identity and fraud prevention solutions.
Founded in 2013, Midigator offers a technology platform designed to automate the dispute response process and to provide the real-time data businesses need to know why chargebacks are occurring in the first place and better understand their customers. The resulting granular, post-transaction data and digital signals complement the Equifax Kount dataset and augment its AI-driven preventative fraud solutions to combat the illegitimate chargebacks known as “friendly” fraud as well as criminal fraud activities.
Midigator, an Equifax company, is now part of the Equifax USIS business unit. The acquisition is not anticipated to have a material impact on 2022 Equifax financial results.
FinSMEs
28/08/2022