PayPal and Equifax Team Up to Provide Credit Alerts and ID Protection Hotline

businesswire:

Equifax (NYSE:EFX) and PayPal today announced a new credit alert program that provides PayPal account holders in the United States with free monitoring of their credit records. Through this relationship, PayPal users receive free early warnings alerting them to activity on their Equifax credit report.

PayPal users can monitor their personal and financial information through the following Equifax products:

– Credit Alert Emails: Credit alert emails inform a PayPal user when there is an inquiry into the user’s Equifax credit file. This alert provides a notification within 24 hours if someone tries to establish credit in the user’s name.

– Balance-Change Alerts: A balance-change alert tells PayPal users if their credit card balances increase by a defined amount.

– Identity Theft Hotline: The identity theft hotline is a toll-free identity protection hotline that provides tips and valuable information for PayPal users who suspect they have been subject to identity theft.