Equifax® (NYSE: EFX) completed the acquisition of Midigator LLC, an American Fork, Utah-based provider of post-transaction fraud mitigation solutions.
The Midigator acquisition agreement was Announcement on July 26, 2022. The value of the deal has not been disclosed.
With this acquisition, Equifax further expands the company’s global presence in digital identity and fraud prevention solutions.
Midigator was founded in 2013 and provides a technology platform that automates the dispute resolution process. It also gives businesses the data they need in real time to understand why chargebacks occur and how to better serve 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.
Equifax has now acquired Midigator, a Equifax company. The acquisition will not have any material impact on the 2022 Equifax financial results.