The Financial Industry Regulatory Authority (FINRA) has certified Telos ID as an official vendor of FINRA’s Electronic Fingerprint Submission (EFS) program. In announcing the news, Telos ID noted that the Security Exchange Act of 1934 requires the fingerprinting of every member and employee of a national securities exchange, and that Telos ID is now able to provide technology that allows organizations to remain compliant with the act.
“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,” said Telos ID President and General Manager Mark Griffin.
Telos ID’s IDVetting fingerprinting platform is an FBI-certified background check service that allows authorized customers to carry out an Identity History Summary Check (IdHSC). The tech creates a secure interface with the FBI to grant access to the FBI criminal history records of potential employees.
The new certification should make Telos ID more appealing to organizations that need to meet strict regulatory requirements. The company has previously provided background check and identification services for a number of government agencies, including census workers and the TSA. More recently, it also provided a similar service in collaboration with Office Depot.
August 21, 2019 – by Eric Weiss