FINRA certifies Telos ID’s biometric background check service
Telos ID announced that its FBI-certified fingerprinting service IDVetting has met the technical standards needed to achieve the Financial Industry Regulatory Authority’s (FINRA) Electronic Fingerprint Submission (EFS) certification.
The Security Exchange Act of 1934 demands that, “every member of a national securities exchange, broker, dealer, registered transfer agent, registered clearing agency, registered securities information processor, national securities exchange, and national securities association shall require that each of its partners, directors, officers, and employees be fingerprinted.”
IDVetting is a comprehensive managed service providing customers with Identity History Summary Check, formerly known as Criminal History Record Checks. Telos ID can provide authorized customers with access to FBI criminal history records and continuous monitoring services for insider threat management using the FBI’s Rap Back service, which Telos ID notes it has implemented for numerous federal, state and local organizations.
“Through the EFS program, FINRA member firms have access to Telos ID’s managed service and retail fingerprinting network for submitting fingerprints electronically, which provides a faster and more secure transmission process while also increasing the assurance of receiving results within just minutes of submission,” explains Mark Griffin, president and general manager of Telos ID.
Earlier this month Office Depot announced an alliance with Telos ID to offer identification and background check services, including secure biometric fingerprinting, to government agencies and businesses across the U.S.