ATLANTA (May 16, 2005) — Radiant Systems, Inc. (NASDAQ: RADS) and Pay By Touch announce the debut of an integrated biometric payment solution at the NACSTech tradeshow in Nashville, TN, on May 16 - 18.%%N%%NThe synergy of Radiant’s core petroleum and convenience retail application with Pay By Touch’s consumer payment service will enable convenience stores to increase the speed of service with the touch of a finger, at the point of sale inside the store, and outside at the fuel island. Pay By Touch allows shoppers to safely and securely pay for purchases using a finger scan to access their electronic wallet. Once enrolled in the Pay By Touch service, consumers scan their finger and select a preferred payment method every time they pay. This end-to-end offering includes loyalty programs, payment programs, and age verification services in one comprehensive system. %%N%%N“Payment security and speed of service are both significant issues worldwide,” said Mark Schoen, president of Radiant’s global petroleum and convenience retail division. “Working with Pay By Touch is a logical step toward addressing growing security concerns as well as continuing to increase speed of service.” %%N%%N“Consumer demands for convenience are increasing at an unprecedented pace,” said Tim Finn, Senior Vice President of Petroleum and Convenience Store Sales for Pay By Touch. “ Our combined technology protects against identity theft, offers consumer convenience, and safeguards against false identification.” %%N%%NThis joint solution offers the best of Radiant’s industry-proven, point-of-sale application and Pay By Touch’s innovative biometric solution, which enhances the overall customer experience, lays the groundwork for a consumer biometric payment system, and ultimately enables merchants to offer a fast and secure way to pay for gas and other purchases. %%N%%NTo date, the Pay By Touch consumer biometric payment solution is being deployed in Piggly Wiggly Carolina Co. stores throughout South Carolina and Georgia, as well as in other major retailers throughout North America. Pay By Touch plans to launch in additional national retail chains later this year. %%N%%NVisit the Pay By Touch booth (# 548) and Radiant Systems booth (# 225) to demo this end-to-end biometric payment processing system. %%N%%NAbout Radiant Systems, Inc. %%NFounded in 1985, Radiant Systems, Inc. provides innovative store technology for the hospitality, petroleum and convenience store, and entertainment industries. Radiant’s point-of-sale, self-service kiosk, and back-office technology enables operators to drive top-line growth and improve bottom-line performance. Headquartered in Atlanta, Radiant (www.radiantsystems.com) has deployed its solutions in more than 50,000 sites worldwide.%%N%%NAbout Pay By Touch%%NPay By Touch is a biometric payment service that is free to consumers and allows for fast and secure payment of purchases or cashing of checks using a finger scan linked to their personal identification information, financial accounts, and loyalty programs. The privately-held company offers retailers a complete payment solution, from front-end biometric authentication, age verification, and check cashing, to back-end payment processing for ACH, debit card, and credit card transactions. Pay By Touch holds more than two-dozen U.S.-issued patents covering token-less biometric transactions. For additional information, visit www.paybytouch.com. %%N%%NSource: Company Press Release
The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information: bankcardlife.com?orid=33533&opid=1 .
Source: Company press release.
FIBT transitions to 4th generation of family leadership
AtoB, Maverik to offer discounts to fuel card customers
Trulioo transactions surge 34% for global marketplaces
UnionPay aims to make payments easier for global visitors to China
Installment payments boost global companies' revenue in Brazil
Aghanim offers instant payouts for mobile game developers
Alchemy Pay registered under Visa's Ramp Provider Program