The Access Group’s Paycircle payroll clients, in partnership with Experian, have the option to provide even greater digitisation of their payroll processes while employees keep control of their data and personal finances.
Experian’s Work Report service will enable employees the option to consent to share their payroll information with another organisation digitally for a range of financial services, including mortgages.
Each time your employees initiate a credit application (e.g., credit card, mortgage etc) they will need to consent to Experian Work Report to access payroll data. Once your employees have consented, Experian Work Report can then access employee’s specific payroll data from Paycircle Payroll. Experian Work Report then passes the data to that single Consumer Service Provider (e.g., a bank) on a transaction-by-transaction basis. As an employer and Paycircle client, you control whether this feature is enabled for your employees or not.
Further information can be found in our FAQ.