https://news.ycombinator.com/user?id=giddyOnDown1Hacker News RSShttps://hnrss.org/hnrss v2.1.1Tue, 14 Apr 2026 16:55:29 +0000From what I recall at my time there, banks use it as supplemental source of creditworthiness validation. The government also pays for the data to verify eligibility for welfare and other social services. Employers...I don't think were a major revenue source although I wouldn't be surprised if some used it to inform their salary thresholds.

]]>Fri, 07 Jan 2022 08:28:47 +0000https://news.ycombinator.com/item?id=29836510giddyOnDown1https://news.ycombinator.com/item?id=29836510https://news.ycombinator.com/item?id=29836510Used to work there as a software developer and was somewhat acquainted with the business model. If you're employed and your employer outsources HR functionality to payroll providers (e.g. PayChex, ADP, etc.), there are contractual agreements to provide it to EWS, whose business model is literally more payroll records = $$$ = stock prices go up.

]]>Fri, 07 Jan 2022 08:15:37 +0000https://news.ycombinator.com/item?id=29836425giddyOnDown1https://news.ycombinator.com/item?id=29836425https://news.ycombinator.com/item?id=29836425