Physical Inspections / Business Verifications
Business Verifications
Recent media attention regarding the potentially fraudulent handling of sensitive personal information has caused heightened concern from consumers, businesses, and legislators. Providers of this sensitive information (global information solution companies such as Experian, Equifax and Transunion) require performance of a "Business Verification" or "Physical Site Inspection" prior to providing this sensitive personal information.
Business Verifications and Physical Site Inspections help information sellers ensure that sensitive information is maintained and distributed in a safe and secure environment by buyers. Successful Business Verifications indicate that the potential buyers of the information have a legitimate and permissible purpose for access and use of the data, and intend to use the information in a manner consistent with the requirements of state and federal laws and appropriate business practices.
In the past, field verifications were often conducted by the Reseller of the information, or by an agent hired by the Reseller. Companies like Experian and professional associations such as NAPBS (National Association of Professional Background Screeners) have recently standardized the verification process and now require that Business Verifications are performed by independent certified agencies such as TrendSource, Inc.
Should you have any additional questions about a Business Verification or Physical Site Inspection scheduled to be completed at your business, please contact the Credit Bureau from whom you have requested the information or service.
If you are a reseller for Experian, Transunion or Equifax and would like to order Business Verifications, Physical Site Inspections or inquire about other services provided by TrendSource, Inc., please click here.