Biometric Access Company

ACG has acquired an equity interest in Biometric Access Company (“BAC”), a systems solution provider that offers biometric identity verification solutions for retail financial transactions, time and attendance, payroll check cashing, and point-of-sale (“POS”) transactions. BAC designs, develops, and markets several hardware and software applications to provide complete user solutions. ACG’s acquisition is a co-investment with Perseus, LLC, a merchant bank and private equity fund management company headquartered in Washington, DC with approximately $2 Billion under management.  BAC’s solutions help retailers to increase customer loyalty, improve productivity at the POS, reduce operating expenses, reduce write-offs due to fraud, improve cash flow and significantly reduce financial transaction fees (Interchange Fees). BAC’s solutions offer benefits to retail consumers as well. Consumers’ number one concern with the use of credit and debit cards is identity theft (now the fastest growing crime in the U.S. with 750,000 new cases reported annually).  Consumer confidence in biometrics far exceeds confidence in a passport, photo ID, major credit card, birth certificate and signature combined.

http://www.biometricaccess.com/

Back to the Investments page