SAFLINK DoD Biometrics

WA-based SAFLINK Corporation has been selected to participate in the second component of the Department of Defense “Common Access Card” project to develop and evaluate biometric technical demonstration scenarios that will assist the DoD in developing applications using a biometric template stored on the “CAC”. The total expected value of the award to SAFLINK for the development and delivery of biometric security software is approximately $108,000.

SureFire Merger

Montreal-based SureFire Commerce has signed a merger agreement with privately-held Munich, Germany-based Electronic Billing Systems AG. Initially, SureFire will acquire 51% of EBS in exchange for approximately 28 million newly issued shares of SureFire, representing approximately 21% of SureFire. It is contemplated that upon completion of the transaction, SureFire will acquire 100% of EBS in exchange for common shares of SureFire representing approximately 63% of the common shares of SureFire Commerce on a fully diluted basis. Based on current run rates, SureFire expects the combined entity will generate approximately $90 million dollars in revenue, with operating profit before minority interests of more than $15 million dollars in the first year. The deal is expected to close in early January.

FICO & CCCS

Fair, Isaac has announced a new program whereby, for the first time, consumers engaged in credit counseling will benefit directly from the actionable power of FICO scores. FI has teamed with nonprofit Consumer Credit Counseling Service of Santa Clara & Ventura Counties. The nonprofit agency also will offer its Web visitors online access to FICO-powered products and services. CCCS’s Web site, www.gotdebt.org, offers consumers their current FICO score online along with the underlying Equifax credit report. An accompanying personalized explanation of their score includes suggestions for improving their score over time. Additional features help customers explore the possible score impact of various credit actions they might take, and tell visitors what interest rates lenders are offering based on FICO scores for 12 different types of mortgage and auto loans. Fair Isaac did not indicate if other deals are in the works.