LexisNexis Screening Solutions endorsed by CAB.

• Position: ABA RESOURCES - Corporation for American Banking

LEXISNEXIS SCREENING SOLUTIONS, which includes fingerprint channeling to the FBI, has been endorsed by the Corporation for American Banking (CAB), an ABA subsidiary. The ABA fingerprint service will be sold to LexisNexis Screening Solutions.

The transfer of technology and intellectual property expands the ABA's existing alliance with LexisNexis Screening Solutions.

ABA said that it decided to transition its fingerprint service to LexisNexis because LexisNexis is the leader in background screening solutions for the financial services industry. LexisNexis can offer ABA members a more comprehensive suite of screening services that goes beyond fingerprinting, ABA added.

"Through this transition, we are enhancing our fingerprint solution suite to include an Internet results viewing feature and access to a new set of customers in the financial services marketplace," said Lee Rivas, vice president of sales, strategy and product development for LexisNexis Screening Solutions.

Financial services institutions must comply with regulations unique to the industry when hiring employees and opening accounts. Federal Deposit Insurance Act, the...