SecureIDNews | FTC signs off on Digimarc, L-1 deal

Wednesday, June 18, 2008

The Federal Trade Commission signed of on the sale of Digimarc’s driver license unit to L-1 Identity Solutions. This erases concerns that antitrust issues would hold up the deal, says Jeremy Grant, senior vice president and identity solutions analyst at the Stanford Group Company.

The ruling could have slipped till July, which would have delayed the deal, but not it will probably close by September 1, Grant says. An upcoming filing by Digimarc – expected in the next 1-2 weeks – will provide details of what the spin-off will look like, he adds. After the merger the new combined company will have about 90% of the U.S. driver license contracts.

McDonald's, Barclaycard ready NFC awareness campaigns

McDonald’s and Barclaycard are gearing up to launch NFC awareness campaigns aimed at spurring the adoption of contactless payment technology, according to MarketingWeek.

Barclaycard, which holds the highest share (71%) of the UK contactless market, reports that contactless transactions have doubled in the last year, but are still “nowhere near” where they want to be, according to Tom Gregory, Barclaycard’s head of digital payments.

Security feature protects identity cards post-issuance

In an effort to protect laser-engraved polycarbonate documents, Swiss-based Trueb Group has released a new security feature called tru/window LOCK. This technology can protect travel and identity documents like passports and national ID cards.

SutiSoft introduces multiple options for eSignature solution

California-based hosted and enterprise solution provider SutiSoft has announced new and different signing options for SutiSign, its electronic signature product that enables electronic signing of documents.

Quantum cryptography could be the real deal for smart phone security

Using smart phones for online banking and shopping has been promoted as the next big thing, but adoption has been slow, partly due to the fact that smart phones have security issues. Scientific American reports that this might change with the development of quantum cryptography.

British Columbia moves forward on CareCard upgrade

British Columbia is moving forward with plans to upgrade its CareCard program. According to The Vancouver Sun, the new card will provide access to a variety of regional services including electronic health records, driver license and school registration for children.

Identive acquires majority stake in German cashless payment provider

Identive Group Inc. has announced a deal to acquire a majority stake in Hamburg, Germany-based payment solution AG, a cashless payment system provider for stadiums, arenas and other types of entertainment venues.

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FTC signs off on Digimarc, L-1 deal