News from the Wire

Pay By Touch Wins IBM PartnerWorld Beacon Award

Wednesday, March 15, 2006 — 19:14:20 (EST)

SAN FRANCISCO, March 13, 2006 — Pay By Touch, the global leader of biometric technology solutions in authentication, personalized rewards, and payments, today announced it has been selected as a recipient of the IBM PartnerWorld Beacon Award, which honors IBM business partners for their innovation, customer satisfaction and outstanding achievements in providing on-demand business solutions. Pay By Touch was selected in the IBM Global Services Teaming Award category for Independent Software Vendors.%%N%%NIn their decision, judges highlighted IBM Global Services as an essential component of the Pay By Touch on-demand solution. The judges were impressed by Pay By Touch's market opportunity, consumer acceptance and ability to launch its service globally.%%N%%NWith its IBM-hosted consumer biometric solutions, Pay By Touch leads the retail market with implementations and pilot programs in top merchants across the United States and abroad. By using Pay By Touch's patented biometric technology, retailers benefit from lower-cost forms of payment, fraud reduction and lower chargeback rates.%%N%%N"Working with IBM Global Services to combine our unique biometric solutions with their POS and hosting capabilities is a winning combination -- providing merchants the innovation of Pay By Touch with the expertise and knowledge of IBM," said John Rogers, founder, chairman and CEO of Pay By Touch. "The partnership with IBM Global Services enables us to penetrate a broader market with a consumer friendly retail solution that is changing the way the world transacts."%%N%%N"Judges selected Pay By Touch as the winner in this category for bringing an innovative business solution that allows smaller and mid-sized businesses to compete on equal footing with larger businesses -- as well as for their ability to offer this solution to customers around the world," said Donn Atkins, general manager, IBM Global Business Partners. "Pay By Touch is combining its technology expertise with business insight to help their clients innovate on important business issues and realize real efficiencies."%%N%%NAbout IBM PartnerWorld Beacon Awards:%%NA team of leading industry journalists, analysts, and IBM executives selected the winner and finalists in 36 award categories from among more than 860 nominations. These IBM Business Partners will be honored during the IBM PartnerWorld 2006 Conference in Las Vegas, Nevada, March 12 - 15. For more information about the IBM PartnerWorld Beacon Awards please visit%%Nwww-1.ibm.com/partnerworld/pwhome.nsf/weblook/pub_awards_pwbeacon_nom.html%%N%%NAbout Pay By Touch%%NPay By Touch is the global leader of biometric authentication, personalized rewards, 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

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.