News from the Wire

Pay By Touch Honored with 2006 INNY Award

Thursday, February 16, 2006 — 13:14:28 (EST)

San Francisco – February 16, 2005 – Pay By Touch™, the leading provider of biometric authentication, rewards marketing and payment solutions, today announced it has received the INNY Award from The Tech Museum of Innovation (“The Tech”). INNY Awards are presented to a premier group of innovations The Tech believes will impact people’s lives and inspire the innovator in everyone. %%N%%NAs a recipient of the award, Pay By Touch’s innovative consumer biometric authentication technology will be featured in The Tech Museum of Innovation in San Jose, Calif. Pay By Touch received the award following a successful week at DEMO 2006, where the company launched Pay By Touch Online, a new identification and payment service that gives consumers a convenient and secure way to identify themselves and make purchases on the Internet. %%N%%N"The Tech seeks to provide visitors with unique museum experiences that will encourage them to become the next generation of innovators," said Sheila Grinell, interim CEO of The Tech Museum and presenter of the INNY Awards. "We're really excited to showcase INNY Award winning products at The Tech so visitors can experience these new technologies first-hand.” %%N%%NWith Pay By Touch, consumers conveniently and securely access their personal accounts using a finger scan to identify themselves, make purchases, cash checks, and earn discounts and rewards. The company has already seen significant adoption of its biometric authentication and identification services in the retail industry, with more than 2.3 million enrolled users in more than 2,000 locations coast to coast. Throughout 2006, the company plans to extend its biometric portfolio into new vertical markets such as health care, quick-service restaurants, hospitality, gaming, travel and transportation, vending, and financial services. %%N%%N“Pay By Touch is changing the way the world transacts,” said John Rogers, founder, chairman, and CEO of Pay By Touch. “We are truly honored to showcase our innovative payment service at The Tech, because it brings this significant payment shift into perspective. More consumers will have an opportunity to experience a revolutionary technology that we expect will become common practice for everyone within the next few years.” %%N%%NAbout The Tech Museum of Innovation %%NLocated in the heart of downtown San Jose, Silicon Valley, Calif., The Tech Museum of Innovation, a non-profit organization, engages people of all ages and backgrounds in exploring and experiencing technologies affecting their lives and aims to inspire the innovator in everyone. For more information, visit www.thetech.org or call (408) 294-TECH. %%N%%NAbout Pay By Touch %%NPay By Touch is the global leader of biometric authentication, rewards marketing, and payment solutions. The company’s patented biometric products and services enable shoppers to conveniently and securely access personal accounts using a finger scan to identify themselves, make purchases, cash checks, and earn rewards. Pay By Touch also provides robust payment processing solutions for ACH, card-present and card-not-present debit and credit transactions. To date, Pay By Touch services over 154,000 retail clients, manages personalized rewards programs for more than 130 million opt-in consumers, and has more than 2.3 million shoppers using biometric authentication products and services at 2,000+ locations coast to coast. Founded in 2002, Pay By Touch is a privately held company headquartered in San Francisco that employs more than 500 professionals and holds more than two-dozen U.S. issued patents. For additional company information, visit www.paybytouch.com . %%N%%NSource: Company Press Release

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Source: Company press release.