Tom Chapman Is New Equifax President, Chief Operating Officer

Atlanta, August 13, 1997-- After driving the global expansion and domestic growth of Equifax's Financial Services Group to record highs, Thomas F. Chapman has been elected president and chief operating officer of Equifax Inc.

In announcing the change, Daniel W. McGlaughlin, vice chairman and CEO of Equifax said, "Tom Chapman has been instrumental both in the recent growth and profitability of the company and in bringing new, innovative solutions to an information market that is increasingly global."

Elected to his new position by the Board of Directors, Tom Chapman is responsible for the strategic direction and daily operations of Equifax that include sales and operating presence in more than 40 countries. Equifax employs some 10,000; its revenue is nearly $1.3 billion.

This is a critical time for Equifax," Chapman says. "Coming up on our 100th anniversary in early 1999, we've repositioned ourselves as a company whose information and processing solutions are more and more instrumental in shaping international commerce." Under that strategy, Chapman in 1993 took a business operation, Financial Services -- the size of the entire Equifax corporation in 1986 -- and doubled its revenue and profit.

Prior to being elevated to his new post, Chapman was executive vice president for Equifax. He joined Equifax in 1990 as a senior vice president with responsibility for credit reporting sales and marketing. When the Financial Services Group was formed in early 1993, he became group executive and executive vice president. Chapman was elected to the Equifax Board of Directors in January 1994.

Before joining Equifax, Chapman served for over 20 years with First Atlanta Corporation (Wachovia Corporation since 1985) as executive vice president. After leaving Wachovia in 1988, he was chief executive officer of Financial Environments Inc., a financial services consulting and marketing entity specializing in banking and image enhancement programs.

Within the Atlanta community, Chapman now is serving as Vice Chair-International of the Metro Atlanta Chamber of Commerce, responsible for driving Atlanta's post-Olympic international development program. He is also on the Chamber's Board of Directors and sits on its Executive Committee. In 1996 he served as the Chairman of the Metro Atlanta Chamber of Commerce Chairman's Committee Campaign.

Chapman earned a bachelor's degree in economics from Clemson University and graduated from the Advanced Management Program of The Harvard University Graduate School of Business.

Equifax is a world leader in providing financial information and processing solutions, with global operations in consumer and commercial credit information services, payment services, software, modeling, analytics and consulting and direct-to-consumer services. The company serves many industries including banking, finance, retail, credit card, telecommunications and utilities and health care. Equifax was founded in 1899 in Atlanta and today has 10,000 employees around the world. It operates globally in 17 countries, with sales in 40 countries. Equifax (NYSE: EFX) revenues for the 12 months ended June 30, 1997, were just under $1.3 billion.