Press Release
National Student Clearinghouse, TALX Alliance Create Largest Source of Automated Verifications
HERNDON, VA, JULY 30, 2002 - The National Student Clearinghouse, the nation's largest, most trusted source for post-secondary student degree and enrollment verification services, announces today that it has formed a strategic alliance with TALX Corporation that combines both firm's capabilities into a single source of automated verifications for employment, income and academic credentials.
The exclusive alliance adds degree and enrollment verifications via DegreeVerify, the leading educational verification service, to The Work Number®, the leading employment and income verification service, creating the industry's largest, most comprehensive source of automated verifications.
The Clearinghouse's DegreeVerify currently provides degree verification services for 285 post-secondary institutions, which grant more than 20 percent of the nation's degrees. The Work Number provides employment and income verifications for over 700 employers, including more than half of the Fortune 100.
The Work Number clients will now have a single source for verifications, eliminating the need to enter repetitive data and providing the convenience of a single application for employment, income and education verifications. The alliance also expands client access options for DegreeVerify customers to include Intelligent Voice Recognition (IVR) in addition to the existing on-line web and Web Services options.
"We are pleased to extend The Work Number's capabilities by integrating seamless access to the Clearinghouse's education verification services," said Bill Canfield, CEO and president of TALX. "We believe the combination of the leading employment and income verification service with the leading educational verification service will allow both TALX and the Clearinghouse to extend their market leading positions."
"The Clearinghouse's exclusive partnership with TALX, the undisputed leader in employment and income verification, reaffirms our position as the leading provider of education verification services," said Dan Boehmer, president of the Clearinghouse. "More importantly, extending DegreeVerify access to The Work Number's impressive list of Fortune 1000 clients will play a key role in helping to achieve the Clearinghouse's goal of reducing credentials fraud by increasing the visibility and reach of our services."
About the National Student Clearinghouse
The National Student Clearinghouse, a non-profit organization founded by the higher education community, streamlines the student record verification process for colleges and universities, students and alumni, lending institutions, employers, and other organizations. The Clearinghouse maintains a comprehensive electronic registry of student records that provides a single, automated point-of-contact for organizations and individuals requiring timely, accurate verification of student enrollment, degree, and loan data.
Today, over 2,700 colleges, representing 91 percent of the nation's enrollment, participate in the Clearinghouse. Student loan providers, employers, student credit issuers, student health insurance providers, the federal government and others access the Clearinghouse's registry over 100 million times annually to conduct electronic student record verifications.
For more information about the National Student Clearinghouse, visit www.studentclearinghouse.org.
About TALX Corporation
TALX Corporation is a leading outsourced service provider for the human resource, benefits and payroll markets. TALX holds a leadership position in two key employment-related services – automated employment and income verification services via The Work Number® and unemployment cost management services through UC eXpress. TALX is also a leading provider of automated benefits enrollment services and a provider of automated time entry services. Based in St. Louis, Missouri, TALX empowers users to complete transactions independently utilizing available multimedia including Web, interactive voice response, speech recognition, fax and e-mail. TALX Corporation common stock trades on the NASDAQ Stock Market® under the symbol TALX. For more information about TALX Corporation call 314-214-7000 or access the company's Web site at
www.talx.com.
About The Work Number®
The Work Number is America's leading employment and income verification service. The database has more than 60 million employee records under contract from more than 700 organizations nationwide. Over 35,000 mortgage bankers, lenders, social services agencies and other verifiers regularly use The Work Number each month to obtain highly accurate and complete information on applicants. The database is updated directly from the employers' payroll records every pay period. The Work Number is available via the Web at
www.theworknumber.com.
Press Inquiries:
Kathleen Dugan
Marketing Director
703-742-4208
dugan@studentclearinghouse.org
