150423 Sale of Livescan System to Large Federal Bank
Secure Outcomes Announces Sale of Livescan Fingerprinting System to Large Federal Bank
LS1100/LS-Lite Users include Law Enforcement, Public Schools, a Major Federal Airport, the U.S. Army, Fortune 500 Companies, Law Firms and many others.
For Immediate Release: Thursday, April 23, 2015
Evergreen, CO, April 23, 2015 -- Secure Outcomes Inc. announced today it has sold and delivered an LS-Lite digital livescan fingerprinting system to the Federal Home Loan Bank of Dallas where it will be used for internal fingerprinting of employees for sensitive positions.
The Federal Home Loan Bank of Dallas is one of the 12 federally sponsored meta-banks that form the FHL Bank System created by the Federal Government with the Federal Home Loan Bank Act of 1932. The FHL System has current total assets of almost $1 trillion and provides top-level stable funding to American financial institutions for home mortgage, small business and other economic development strategic lending.
Digital fingerprints and other information collected by the LS-Lite system at the FHL Bank/Dallas are automatically transmitted as encrypted traffic by the system to the FBI for lookup and background check processing. The background check results are quickly transmitted back to the bank to aid in sensitive position screening.
Secure Outcomes CEO Jack Harper said, “We are pleased that this very important federal bank has placed their trust in our livescan system. Our system will collect full-rolled forensic quality fingerprint sets; transmit that information to the FBI; and quickly receive back fingerprint-based identification and criminal history for use by the bank.”
Harper continued, “This is our first entrée into the banking sector, which is a fast growing market for digital fingerprinting. There are 6,800 commercial banks in the United States and the FBI does fingerprint-based Criminal History Record Information (CHRI) checks on employees of federally chartered or insured banks. Federal law prescribes penalties of up to $1.0-million per day for a bank hiring a known criminal. Our systems are designed to enable banks to meet the extensive federal/state fingerprinting requirements.”
About Secure Outcomes
Secure Outcomes designs and builds the industry’s easiest to use, most cost effective, and best supported digital livescan fingerprinting systems. Customers include over 100 law enforcement agencies, the U.S. Army, a major federal airport, a federal bank with over $38-billion in assets, numerous large public school districts, commercial fingerprint service companies and many others across the country.
The LS family of digital livescan fingerprinting systems collects, archives, and transmits forensic-quality fingerprint sets according to federal and international standards, regulations and protocols and is designed to inexpensively fulfill the demanding requirements of law enforcement, public schools, military, banks, commercial and local, state and federal government users.
The systems meet the published NIST (“National Institute of Standards and Technologies”) federal requirements for secure transmission and fingerprint scanning. They also include optional military-grade data encryption to further protect sensitive fingerprint and other information.
All Secure Outcomes systems are designed to operate anywhere in the world and are 100% programmed in Common Lisp, the artificial intelligence applications development language.
U.S Patent 8,331,775. Other patents pending.
Contact: Jack Harper, CEO