Entrepreneurship & Small Business

Intuit to Share Payroll Data from 1.4M Small Businesses With Equifax

  • Last Updated:
  • Jul 2nd, 2021 3:24 pm
Deal Addict
Apr 29, 2018
2968 posts

Intuit to Share Payroll Data from 1.4M Small Businesses With Equifax

Financial services giant Intuit this week informed 1.4 million small businesses using its QuickBooks Online Payroll and Intuit Online Payroll products that their payroll information will be shared with big-three consumer credit bureau Equifax starting later this year unless customers opt out by the end of this month.

Intuit says the change is tied to an “exciting” and “free” new service that will let millions of small business employees get easy access to employment and income verification services when they wish to apply for a loan or line of credit.
Is it just me or does this sound like a really bad idea? Specially after they have had serious data breaches in the past involving highly sensitive data.

Source: https://krebsonsecurity.com/2021/07/int ... h-equifax/
Can't Stop. Won't Stop. Game Stop
2 replies
Deal Addict
Dec 13, 2007
2028 posts
Thanks for heads up!!! Those *****s silently introduce the changes without any big announcement. Awful. I'm so not sharing the data.
Deal Fanatic
Jul 13, 2012
8501 posts
Occupied Ottawa
Stuff like this should really, really be "opt in" instead of "opt out"...


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