Want CNET to notify you of price drops and the latest stories?
X
Apple Vision Pro Hands-OnBest Meal Delivery ServicesCNET CouponsEssential Summer GearBest Solar CompaniesAdobe Express Gets Generative AIBest Satellite Internet ProvidersMortgage Rates
ActivCard buys into banking security
ActivCard has acquired Aspace, which creates systems to identify banking customers over ATM networks and the Net.
Robert Lemos Staff Writer, CNET News.com
Robert Lemos
covers viruses, worms and other security threats.
Identity management firm
announced on Tuesday that it has acquired Aspace Solutions, which creates systems to identify banking customers over ATM networks and the Internet. ActivCard had owned 49 percent of the company and purchased the remaining 51 percent on Tuesday for a cash and stock payment of $9.7 million with a potential bonus of $9.7 million if certain milestones are reached.
The software created by Aspace helps banks authenticate customers regardless of how users access the system. ActivCard already provides some banks with identity management systems, such as Barclays in the United Kingdom and First Republic Bank in the United States.