News from the Wire

Citibank Singapore teams with Pay By Touch

Thursday, November 09, 2006 — 19:44:40 (EST)

SAN FRANCISCO, CA and SINGAPORE – November 9, 2006 – Pay By Touch, the global leader in integrated biometric authentication, personalized marketing and payment solutions, today announced that Citibank Singapore has rolled out Pay By Touch’s biometric payment services to its Citibank Clear Platinum cardholders. Effective today, cardholders are invited to enroll in the biometric credit card service, and pay for goods and services with the touch of a finger.%%N%%N"Today’s launch of our new biometric payment service in partnership with Pay By Touch gives our cardholders a whole new level of empowerment, marking a major milestone not just for Citibank but also for the card industry,” said Jonathan Larsen, CEO and Country Business Manager, Citibank Singapore Ltd. “With the credit card becoming very much a part of our daily lives, consumers want greater flexibility in making payments. We are proud to bring the world’s first cardless biometric payment service to Singapore. This is the ultimate in convenience – the ability to make credit card transactions with just a finger scan.” %%N%%N”The biometric credit card service from Citibank and Pay By Touch sets a new standard for speed, convenience and security,” said John Rogers, founder, Chairman and CEO, Pay By Touch. “Together, we have eliminated the need for cardholders to present their credit cards when paying for purchases. Instead, they simply press their finger to a biometric scanner and, in seconds, their transaction is complete.” %%N%%NThe new biometric payment service is available to Citibank Singapore’s Clear Platinum cardholders as part of the launch of its new Clear Platinum card. To start, Citibank Clear Platinum cardholders will be able to make cardless credit card transactions at retail outlets such as music and IT stores, as well as clubs, restaurants and cinemas. Participating merchants include Zouk, Gramophone epiCentre, Coffee Bean & Tea Leaf and Shaw Theatre. %%N%%NThe biometric payment service will be introduced to more merchants and other Citibank credit cards in the near future. %%N%%N“We are pleased to be working with Citibank Singapore to bring an innovative and differentiating feature to the new Clear Platinum card in a crowded, highly competitive marketplace,” said Drew Hyatt, Senior Vice President, Card and Authentication Services, Pay By Touch. “Already, millions of Americans love using Pay By Touch because it’s a faster, easier and more secure way to pay. We are confident that Singaporeans will feel the same.”%%N%%NThe biometric payment service is available free-of-charge to Citibank Singapore’s Clear Platinum cardholders. Enrolment takes minutes, and requires only a government-issued photo ID, a Citibank Clear Platinum credit card and a secure finger scan. Cardholders also create a seven-digit Personal Search Number, which facilitates the use of their scanned finger image to authenticate payment transactions. %%N%%NThe biometric enrollment kiosks will initially be made available at five locations: Citibank Singapore’s Orchard Road, Paragon, VivoCity and Parkway Parade branches and Zouk. More kiosks will be available at other branches and merchants in future. %%N%%NAbout Citibank%%N%%NCitibank is a member of Citigroup (NYSE: C), the leading global financial services company which has some 200 million customer accounts and does business in more than 100 countries, providing consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, and wealth management. Major brand names under Citigroup’s trademark red umbrella include Citibank, CitiFinancial, Primerica, Smith Barney, and Banamex. Additional information may be found at: www.citigroup.com.%%N%%NAbout Pay By Touch %%N%%NPay By Touch (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 3.3 million shoppers to quickly and securely access personal accounts using a finger scan to identify themselves, make purchases 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. Founded in 2002 and headquartered in San Francisco, Pay By Touch employs 700 professionals and holds more then 50 patents worldwide on secure, convenient and cost-effective transaction solutions. %%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.