Equifax Closes Russia Transaction

PRNewswire -- Equifax (NYSE:EFX) today (July 2, 2008) confirmed it has completed its acquisition of a 28 percent equity stake in Global Payments Credit Services LLC (GPCS), a leading credit information company in Russia. Equifax is acquiring its interest from Global Payments Europe, s.r.o., a subsidiary of Global Payments Inc. (NYSE:GPN) , and Home Credit & Finance Bank of Russia (Home Credit). GPCS and its shareholders will now submit the appropriate notifications as required by the Russian Federation. As previously announced, GPCS will be re-branded 'Equifax' and Equifax will assume responsibility for operations.