ChoicePoint Acquires Bridger Systems
NU Online News Service, Oct. 3, 2:51 p.m. EDT?ChoicePoint, a provider of identification and credential verification services, said it has acquired Bridger Systems Inc., a risk management software research and development company based in Bozeman, Mont.
ChoicePoint, based in Alpharetta, Ga., said the acquisition would allow its information services to comply with the Patriot Act requirements for the financial services industry by combining its authentication and due-diligence expertise with Bridger Systems' technology solutions.
ChoicePoint said it would begin to consolidate the entire Bridger suite of products into the offerings of the ChoicePoint Public Records Group, to create a comprehensive set of solutions for identity verification and compliance with new anti-terrorism laws.
Terms of the acquisition were not disclosed.
The Patriot Act requires financial institutions to verify and identify all new customers, maintain records relating to information used to verify customer identities, and check customer names against government-maintained lists of suspected terrorists.
The Act requires banks and other financial institutions to verify the identity of account holders, and expands and strengthens the tools used by law enforcement to prevent financing of terrorism, identity theft and money laundering, ChoicePoint said.
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