Experian launches payroll verification service

The solution provides connectivity to an employer’s payroll data to provide direct confirmation of a consumer’s gross and net income, as well as their employment status and tenure, in a matter of seconds. 

For lenders, the solution can be used as part of their affordability and credit checks when a new customer applies for financial products and services. Work Report is part of a suite of configurable verification services provided by Experian that helps a consumer to confirm their identity and consent to share verified credit information, income, and expenditure in a single data exchange.