NEWS RELEASE
October 7, 2010
ABA Media Contact: John Hall
(202) 663-5473
E-mail: jhall@aba.com

WASHINGTON — The American Bankers Association has extended its relationship with LexisNexis® Risk Solutions by endorsing the company’s full suite of employment screening products and services available through LexisNexis® Screening Solutions.  These products support a fast, accurate and secure hiring process using the proven depth and breadth of LexisNexis® data and industry compliant screening tools for financial services organizations, including electronic fingerprinting, financial sanctions searches and global screening for international hiring initiatives.

As part of the hiring process, financial services organizations must comply with unique regulations specific to their industry, such as guidelines included in the Federal Deposit and Insurance Act and the USA PATRIOT Act, in addition to federal hiring regulations such as the Fair Credit Reporting Act.  LexisNexis Screening Solutions complies with these guidelines and is self-certified under the European Union Safe Harbor Framework.

The LexisNexis® Screening Solutions Enterprise Edition platform—an interface designed to meet the screening needs of large, enterprise organizations—is the only provider of background screening services with the U.S. Department of Homeland Security's SAFETY Act Qualified Anti-Terrorism Technology designation.  SAFETY Act designation protects users of respective Enterprise Edition technology against lawsuits arising from a terrorism incident involving the use of this solution.  

To help financial employers accelerate and streamline all phases of the hiring process, the LexisNexis Screening Solutions product suite includes advanced online workflows to automate traditional manual hiring tasks.  In addition, the screening solutions easily integrate into existing human resource applications such as applicant tracking systems, to provide employers with one, easy interface for managing all aspects of the hiring process.

“ABA has enjoyed a strong working relationship with LexisNexis for many years and is a trusted company in our industry,” said Edward L. Yingling, ABA president and CEO.  “We’re pleased to recommend LexisNexis Screening Solutions to our members, because they can help financial institutions meet industry regulations, reduce the incidence of internal fraud, and generally make better informed decisions about their workforce.” 

“Considering our strong dedication to providing powerful, best-in-class screening tools that are unique to the financial services industry, this ABA endorsement further validates our commitment to serving financial organizations worldwide,” said Lee Rivas, vice president of sales, strategy and product development for LexisNexis Screening Solutions.  “From pre-hire through post-hire, our comprehensive selection of employment screening services can help financial institutions make better informed and more confident hiring decisions that improve both the top and bottom lines, while helping with compliance.”

LexisNexis Screening Solutions offer comprehensive verification and analysis of high risk elements like education, professional license, criminal records, employment history and professional standing.

About American Bankers Association
The American Bankers Association represents banks of all sizes and charters and is the voice for the nation’s $13 trillion banking industry and its 2 million employees.  The majority of ABA’s members are banks with less than $165 million in assets.  Learn more at www.aba.com. 

About Corporation for American Banking
Corporation for American Banking (CAB) is an affiliate of the American Bankers Association that endorses bank solutions on behalf of the Association, helping banks save money, make money, and operate more efficiently. Solutions range from mission-critical insurance, compliance and risk management programs to services that help banks stay competitive and efficient through technology and business growth platforms.  More than 6,000 banks use at least one ABA-endorsed CAB program.  These programs are also supported by State Bankers Associations through co-endorsement relationships.

About LexisNexis
LexisNexis® (www.lexisnexis.com) is a leading global provider of content-enabled workflow solutions designed specifically for professionals in the legal, risk management, corporate, government, law enforcement, accounting, and academic markets. LexisNexis originally pioneered online information with its Lexis® and Nexis® services. A member of Reed Elsevier [NYSE: ENL; NYSE: RUK] (www.reedelsevier.com), LexisNexis serves customers in more than 100 countries with 15,000 employees worldwide.

About LexisNexis Risk Solutions
LexisNexis® Risk Solutions is the leader in providing essential information that helps advance industry and society. Building on the legacy of proven LexisNexis® services from the past 30 years, our cutting-edge technology, unique data and advanced scoring analytics provide total solutions that address evolving client needs in the risk sector while upholding high standards of security and privacy. LexisNexis Risk Solutions serves commercial organizations and government agencies and is comprised of several affiliated corporations, each offering premier customer-focused solutions. For more information, visit risk.lexisnexis.com. LexisNexis Risk & Information Analytics Group has changed its name to LexisNexis Risk Solutions.

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