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View Full Version : Fingerprinting ... in the Financial Industry???

TigerEROS
Jan 26th, 2006, 10:37 PM
This must be a first in North American history!!!

Computershare Trust Company of Canada, a Transfer Agent for securities, requires ALL EMPLOYEES to provide their finger prints!!!

Never heard this crap before.

As to my knowledge, these employees deal with physical stock certificates. Why fingerprint these employees?????

I would figure that the bank employees (ie. tellers or any other individuals dealing with cash directly) should be fingerprinted instead of these people.

This company is Australian owned.

They agree that the fingerprints would be destroyed if an employee leaves. But why this procedure? All employees must go through a Criminal Record check before being hired. If someone has a Criminal Record ... he/she would not be hired at all! Fingerprints are for people who have committed a crime and therefore would have a Criminal Record.

What the HELL is this company doing???

The other Canadian Transfer Agents (CIBC Mellon, Equity Transfer Services, National Bank of Canada, Pacific Corporate Trust Company, Valiant Trust Company, and Olympia Trust Company) do not require fingerprinting of employees.

The ONLY ONE ... COMPUTERSHARE!!!

No where in IDA and OSC rules and regulations requires employees to provide fingerprints.

Is Computershare violating human rights??? I think so!!!

BTW, they "fired" four employees on the grounds of declining to provide fingerprints.
TigerEROS
Jan 26th, 2006, 11:07 PM
I don't think this was brought to the attention of the ENTIRE FINANCIAL INDUSTRY or the MEDIA!

Computershare apparently is hiding something away from everyone!
FastFokker
Jan 26th, 2006, 11:10 PM
Some guy posted a thread on here a while ago about how his work is implimenting finger print scanning for security.. and he was not a happy camper.

http://www.redflagdeals.com/forums/showthread.php?t=232680
TigerEROS
Jan 26th, 2006, 11:16 PM
Nice job!!!

The ONLY agencies that have the right to hold fingerprints for use would be the Police (including the RCMP), the CIA and the FBI.

NOT a Securities Transfer Agent called Computershare!

Absolutely a JOKE! RUBBISH!
emoci
Jan 26th, 2006, 11:48 PM
ACTUALLY MACDONALDS, OR at least the one my younger brother works at now has a fingerprint system to clock in and out. A lot of security agencies do fingerprint, GTAA employees, even the guys that sell at dutyfree at the airport are required to provide prints.
FastFokker
Jan 27th, 2006, 12:00 AM
The ONLY agencies that have the right to hold fingerprints for use would be the Police (including the RCMP), the CIA and the FBI.
Why would the CIA and FBI have the right to keep my fingerprints in their files?
leungly
Jan 27th, 2006, 01:12 AM
I'm thinking he meant keep files of Americans in general. I don't think the CIA or FBI keep prints of ordinary canadian citizens, possibly if one has a record or is suspect somehow.
TotallyKiller
Jan 27th, 2006, 03:56 PM
Bottom line. If they have implemented biometric authentication you'll need to give up the prints or you won't have access. I'm not surprised that they do this especially in the financial industry.
jerryhung
Jan 27th, 2006, 06:17 PM
some data centers also require them
not really in financial industry either

what can you do anyway?
flyinggonzo
Jan 28th, 2006, 01:27 AM
What's the issue? All I see is a big rant with lots of punctuation.
FastFokker
Jan 28th, 2006, 12:31 PM
Conspiracy theory I guess.

If you have nothing to hide, who cares? I am very much against the collection of electronic data myself, but I am willing to bend when it comes to my job.

When it comes to a third party I don't know or don't know what they will do with the data, I am very hesitant to release any kind of personal information or trackable data.
Azxster
Jan 28th, 2006, 02:51 PM
If you don't like the environment, don't work for them.
spawnr
Jan 28th, 2006, 03:53 PM
Employment at will. Don't like it, don't work for them.


As bad as it sounds, this is the future. Wait tell RFID starts to get fully integrated.
dark169
Jan 28th, 2006, 04:27 PM
a company has the right to ask for a finger print, you have the right to refuse, they have the right to not hire you :lol:

Whats the big deal, under privacy laws you can request a copy of every peice of infomation the company has about you when you leave.

Persoanlly I can see an advantage to this, you already don't hire criminals there for you know none of your employees woudl have finger prints in any sort of police file. so when you get robbed (or what ever) and the person who did it flees you have on file their finger prints which can be used as evidence. It may even jsut be a deterant.

Its like drug testing, if its a requirement of the job your free to find a new job.