techDaily.info :: Cross Country Bank Using Cross Match Technologies Biometric Fingerprinting Solution to Speed Up Background Checks

Tuesday, January 06, 2009

Cross Country Bank Using Cross Match Technologies Biometric Fingerprinting Solution to Speed Up Background Checks

Posted: 11/7/2002

Posted By:	Cross Match Technologies		Contact:	Brian Warecki
Phone:	813-221-0030		Email:	bwarecki@hillandknowlton.com

PALM BEACH GARDENS, Fla., November 5, 2002―Cross Country Bank, a Delaware State Chartered bank and its affiliate, Applied Card Systems, are using the ID 1000 biometric fingerprinting system from Cross Match Technologies, Inc. to process background checks on employees in order to meet banking regulatory requirements.

Cross Match Technologies’ global industry-leading ID 1000 Live Scan identification system replaces traditional ink-on-paper fingerprints by electronically scanning a person’s fingerprints. The Live Scan system digitally formats the prints for rapid transmission via analog telephone lines to the American Bankers Association (ABA), which then transmits the fingerprints to the Federal Bureau of Investigation for screening through the agency’s national database.

The ABA has served as a “channeling agent” for background checks since 1982 and has most recently begun to offer the electronic submission of fingerprints, according to the ABA’s Tom Judd. “This process saves banks time and money,” he said, noting that banks face stiff penalties if they employ anyone whose background indicates a conviction for crimes involving breaches of trust or dishonest acts.

“As an industry innovator, Cross Country Bank was one of the very first institutions to submit fingerprints electronically to the ABA. With the Cross Match system, we now receive background reports in as little as eight days, whereas the traditional process using inked fingerprints on cards could take as long as 45 days,” said Mike Episcopo, Cross Country Bank’s Vice President of Compliance. “This significant turnaround improvement allows us to bring new hires into our orientation process much quicker and provides us more flexibility in our manpower planning,” Episcopo added.

Bank officials also note that the digital system dramatically shortens the time it takes to obtain a person’s fingerprints, as the digital images of the prints cannot be smudged. The fingerprinting method itself also allows for significant quality improvement since the image of the prints is viewable instantaneously on a computer monitor. A fingerprint can be easily reprinted multiple times until it is perfect if necessary. “Our rejection rate at the FBI using the paper and ink cards was running as high as seven percent. With the ID 1000 technology, we’ve dropped that to just about two percent, and we’re confident we can lower that even more as our operators gain experience in taking prints electronically,” said Gary Tabor, a corporate security official with Applied Card Systems.

“The decision by Cross Country Bank and Applied Card Systems to select our technologic solution is the tip of the iceberg for Cross Match Technologies as we continue to grow into this market,” said Theodore “Ted” Johnson, Chairman and CEO of Cross Match. “With the ABA now providing electronic fingerprint clearinghouse services for financial institutions, we believe our products will be in demand by this sector of the economy. As we’ve continually demonstrated, our system has emerged to be a Live Scan product of choice.”

About Cross Country Bank and Applied Card Systems

Cross Country Bank, headquartered in Wilmington, Delaware is recognized as one of the leading issuers of credit cards in the sub-prime market. Founded in 1986, the Bank has approximately three million customers. Applied Card Systems is the exclusive servicer for Cross Country’s credit card portfolio and has provided outsourcing solutions for the credit card industry since 1987. Applied Card has operations centers in Boca Raton, FL., Huntington, WV, Ashland, KY, Beckley, WV, and Glen Mills PA.

About Cross Match Technologies

Since its founding in 1996, Cross Match Technologies, Inc. has been at the forefront of applying forensic quality fingerprinting imaging technology towards the development of cost-effective biometric security solutions for law enforcement, federal, aviation, commercial and international organizations. Headquartered in Palm Beach Gardens, Florida, and offering the broadest product lines in the industry, Cross Match is recognized for setting new standards in fingerprint imaging components through its more than 40 patents and related intellectual properties. Additional information on Cross Match is available at www.crossmatch.net.

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