ST. LOUIS, Jul 23, 2002 (BUSINESS WIRE) -- TALX Corporation (NASDAQ:TALX) a
leading business process outsourcer of human resource, benefits and payroll
services, and the National Student Clearinghouse, the leading educational
verification service, have formed a strategic alliance to provide degree and
enrollment verifications through The Work Number(R). Verifiers will be able to
obtain education verifications in addition to employment and income
verifications through The Work Number.
"Mortgage bankers, lenders, pre-employment agencies, employers and other
verifiers regularly use The Work Number each month to obtain highly accurate and
complete payroll-related information on applicants," said Bill Canfield,
president and CEO, TALX Corporation. "By making education verifications
available through The Work Number, we further improve the efficiency and speed
of verifications for our customers. More information is available at one web
The National Student Clearinghouse provides immediate online access to degree
and enrollment data from colleges and universities throughout the United States.
Degree verifications are available from more than 285 post-secondary
institutions representing over 20% of all degrees granted, while enrollment
verifications are available on 91% of the nation's students from more than 2,700
"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 credential fraud by increasing
the visibility and reach of our services."
About the National Student Clearinghouse
The National Student Clearinghouse, a non-profit association 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% of the nation's enrollment, participate in the
Clearinghouse. Student loan providers, employers, student credit issuers,
student health 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 The Work Number(R)
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.
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(R) 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(R) 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.
Statements in this press release expressing the expectations of management may
be forward-looking and involve uncertainties. TALX risk factors are detailed in
documents filed with the Securities and Exchange Commission.
CONTACT: TALX Corporation
Laura Browder, 314/214-7224
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