Fairfield, NJ (PRWEB) June 22, 2008
Equifax, Talx and The Work Number to settle of charges of unfair business practices with the FTC, according to Jeffrey Schmidt, director of the FTC's Bureau of Competition, in a complaint (File No. 061 0209) filed by the FTC. "Talx acted illegally by acquiring virtually all of its competition." Copies of the FTC complaint and agreement can be found at http://www.ftc.gov/os/caselist/0610209/index.shtm.
TALX has agreed to stop enforcing certain non-compete agreements with its current and past employees. The company must also allow customers with multi-year contracts to terminate those contracts with only 90 days' notice.
"We are pleased to see this matter coming to an end. Hopefully this settlement will allow employers more choice in the employment and income verification and unemployment costs management area." said Jon Socolof President of Employment Record Service LLC.
"We have been seeing more interest in VerifyX.com, our own automated employment and income verification service as employers are becoming more concerned for their employees' privacy with The Work Number and more uncomfortable with the proximity of their employee data to Equifax's large consumer credit reporting business."
VerifyX™ is a registered trademark of Employment Record Service LLC, the leading outsource provider of employee record management services including a full range of applicant screening and credentialing, I-9 form compliance, Patriot Act, payroll employment and income verification (VerifyX™) and unemployment cost management services (UCCI™).
Employment Record Service LLC
Fairfield NJ 07004
800 775 2958