Core Insights - Equifax has launched Complete Income™, a new solution aimed at helping government agencies efficiently verify income for social service benefits, particularly for applicants with alternative income sources [1][2][4] - The solution will be available in August 2025 and is designed to streamline the income verification process for programs like Medicaid and SNAP [1][2] Group 1: Product Features - Complete Income provides automated income verifications through a single workflow, delivering two structured outputs: Social Service Verification Reports and the Income and Expense Connect Solution [1][3] - The Social Service Verification Reports include W-2 payroll information from over 4.4 million employers, while the Income and Expense Connect Solution incorporates bank deposit data from 92% of U.S. financial institutions [1][3] - The solution allows caseworkers to receive instant reports and alerts when applicants submit their alternative income and self-reported income and expenses, offering a comprehensive view of an applicant's financial situation [3][4] Group 2: Industry Context - The U.S. workforce has become increasingly complex, with nearly 35 million independent workers added in the past four years, complicating income verification for government agencies [2] - Traditional payroll records suffice for many applicants, but self-employed individuals present unique challenges that can delay benefits decisions [2] - The Complete Income solution addresses these challenges by providing a more efficient and secure method for income verification, enabling better-informed eligibility determinations [2][4] Group 3: Benefits to Stakeholders - The new solution enhances the experience for agencies, caseworkers, and applicants, allowing agencies to serve constituents more efficiently and caseworkers to focus on more impactful tasks [4] - Applicants benefit from a simplified process and faster benefits decisions, improving overall service delivery [4]