Tulsa, OK (PRWEB) December 17, 2004
USIS and First Advantage (NASDAQ: FADV) recently announced their strategic agreement to jointly provide the USMA National Theft DatabaseÂ to retailers across the country.
In this agreement, USIS will open its retail theft database product to First Advantage and its clients. The database, which was exclusively offered by USIS and previously unshared, contains client contributed incident records of confirmed employee theft and shoplifting. This collaboration will advance the growth of the database through contributions of information by both companiesÂ vast retail client bases. Participating clients will benefit from greater access to information key to their employment candidate selection and loss prevention efforts.
ÂWe are pleased to partner with First Advantage in this groundbreaking agreement which provides an unrivaled loss prevention option to retail companies across the country,Â said Jim Collins, president of USIS Commercial Services. ÂWe believe that this arrangement will have a tremendous benefit to all retailers who participate and share information through the USMA National Theft Database Â this partnership is the right thing to do for the retail industry.Â
ÂOur collaboration will enhance First AdvantageÂs delivery of insightful information to our corporate retail clients, which include some of the largest, most prominent retailers in the industry,Â said Bart Valdez, president of First Advantage Employment Screening Services division. ÂFirst Advantage is committed to providing our customers with the information they need to make intelligent decisions in the employment process. By contributing to and accessing the proprietary data held in the USMA National Theft Database, First Advantage is able to provide our clients with a new layer of screening for even more comprehensive programs.Â
About the USMA National Theft Database
The USMA National Theft Database began by retailers who started sharing theft data to prevent the hiring of known thieves. Today, thousands of locations throughout the United States, including one-third of the nationÂs largest retailers, contribute and share information through the USMA National Theft Database. The database houses information on nearly one million cases of theft and fraud, which include employee theft, shoplifting, refund/credit card fraud and the passing of bad checks. According to the National Retail Security Survey, as many as 86 percent of retail theft is not criminally prosecuted. Retailers gain value from the product because they are able to identify individuals who have admitted to stealing, but whose incidents may not show up in a typical criminal search.
The USMA National Theft Database operates on the following efficient and streamlined system:
Â Member companies submit theft information
Â Records contain admissions of theft
Â Employers screen applicants against the database; if a record indicates that an applicant has admitted to stealing from a member company, the case information is re-verified before being disseminated, making it fully compliant with the Fair Credit Reporting Act
Â Employers then have a legally sound basis on which to make hire/no hire decisions
Over the past few years, USMA National Theft Database screening has identified nearly 45,000 applicants with records of theft, saving retailers millions.
USIS (US Investigations Services) is the largest background services company in North America, conducting more than 20 million background screens each year for over 30,000 business and more than 100 Federal agencies, including those involving national security. Our company is trusted to screen individuals who have access to the President of the United States, who fly and service commercial airplanes, and who work at Fortune 500 companies. In addition, USIS is a major source for criminal records, motor vehicle reports and other records for dozens of third party providers, including many of our competitors. With more than 50 years of experience, USIS has the knowledge and experience to offer solutions designed to meet each employerÂs unique needs. USIS has tremendous human resources available with a vast network of more than 5,000 investigators and record researchers in more than 185 locations throughout the United Sates, Puerto Rico, Guam and the U.S. Virgin Islands. For m!
ore information about USIS, please visit http://www.usis.com.
About First Advantage
First Advantage Corporation (NASDAQ: FADV) provides best in class single-source solutions for global risk mitigation and enterprise and consumer screening needs. Incorporating state-of-the-art technology, proprietary systems and data resources, First Advantage is a leading provider of employment background screening, drug-free workplace programs and other occupational health testing, employee assistance programs, resident screening, motor vehicle records, investigative services, computer forensics, electronic discovery services, supply chain security, corporate tax and incentive services, and consumer location services. First Advantage ranks among the top three companies in all of its major business lines. First Advantage is headquartered in St. Petersburg, Fla., and has more than 1,700 employees in offices throughout the United States and abroad. Further information about the company is available at http://www.FADV.com.
First Advantage is a majority-owned subsidiary of The First American Corporation (NYSE: FAF), a Fortune 500 company that traces its history to 1889. First American is the nationÂs largest data provider, supplying businesses and consumers with information resources in connection with the major economic events of peopleÂs lives. Additional information about the First American Family of Companies can be found at http://www.firstam.com.
This press release was distributed through eMediawire by Human Resources Marketer (HR Marketer: http://www.HRmarketer.com) on behalf of the company listed above.
# # #