News from the Wire

Pay By Touch announces 3 million members

Wednesday, September 27, 2006 — 16:56:32 (EDT)

SAN FRANCISCO – September 27, 2006 – Pay By Touch, the leader in integrated biometric authentication, personalized marketing and payment solutions has achieved a major milestone with the enrollment of three million members. The Pay By Touch biometric payment system is quickly gaining traction with consumers who find it more secure, faster and easier to use than traditional payment systems. %%N%%NMajor retailers nationwide have implemented Pay By Touch in their stores to improve customer service, speed up the checkout line and reduce risks associated with fraud. %%N%%NChicagoan Mary Rodriguez is being celebrated as Pay By Touch’s three millionth member, after signing up at a Jewel-Osco grocery store located in Chicago, IL. To commemorate the milestone, Pay By Touch will deposit $1,000 in Rodriguez’ new Pay By Touch digital wallet, which can be accessed with the touch of a finger at more than 200 stores in the Chicagoland area. %%N%%N“I was excited to try the Pay By Touch system because I was really curious about how it works, and my kids think the whole idea is ‘cool,’” said Rodriguez, a mother of three and teacher in the Chicago Public School System. “When I learned that it was actually safer than using my debit card, and saw how much easier it was than digging through my purse, I knew it was for me.” %%N%%N“We are extremely pleased to welcome Mary as a Pay By Touch member. With the touch of a finger, she joined the three million consumers that are already enjoying the convenience and security of biometric payment,” said John Rogers, Pay By Touch's founder, chairman and CEO. “Chicagoans are busy, hardworking people who understand that Pay By Touch makes life easier.” %%N%%NThe Pay By Touch system uses a simple finger scan to authorize an electronic withdrawal from a customer's existing checking account. Each fingerprint is unique, which helps prevent fraud or identity theft, and since there is nothing to carry, there is nothing to be lost or stolen. %%N%%NA one time enrollment in the secure program takes only a few minutes to complete online or in person at participating stores. Members can link both their checking accounts and their merchant loyalty membership cards to the Pay By Touch system. Once enrolled, Pay By Touch members are able to use the Pay By Touch system at any participating store. %%N%%NAbout Pay By Touch %%N%%NPay By Touch (www.paybytouch.com <www.paybytouch.com>) is wowing the world one touch at a time as the leader in biometric authentication, personalized marketing and payment solutions. To date, the company’s patented biometric services enable three million shoppers to quickly and securely access personal accounts using a finger scan to identify themselves, make purchases, earn rewards and cash checks at 2,400 locations nationwide. It also provides robust payment processing solutions for ACH (electronic checking), card-present and card-not-present debit and credit transactions for 138,000 retail clients and manages personalized rewards programs for 130 million opt-in consumer profiles. Founded in 2002 and headquartered in San Francisco, Pay By Touch employs 700 professionals and holds 50 patents worldwide on secure, convenient and cost-effective transaction solutions. %%N%%NSource: Company press release

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Source: Company press release.