News from the Wire

Pay By Touch engages eBank Systems to bring Its biometric check-cashing service to community financial institutions

Thursday, March 08, 2007 — 12:12:10 (EST)

LUBBOCK, Texas and SAN FRANCISCO, March 8 -- Pay By Touch, the leader in biometric payments and personalized marketing, and eBank Systems, Inc., a leading provider of software and core services to community banks, today announced the formation of a reseller agreement.%%N%%NUnder the alliance, eBank will market and sell Pay By Touch's Paycheck%%NSecure(R) service -- a popular biometric check-cashing system -- to its%%Nexisting customer base of more than 30 community banks and financial%%Ninstitutions as well as new prospects.%%N Paycheck Secure, powered by Pay By Touch(R), lets people cash checks%%Nusing a simple finger scan to authenticate their identity. Already, more%%Nthan 3 million consumers are using Paycheck Secure in 2,000 retail%%Nlocations across 41 states.%%N "We are very excited to be working with eBank to provide their%%Ncustomers with a secure and easy-to-use check-cashing solution that can%%Nhelp them attract new customers," said John Rogers, Founder, Chairman, and%%NCEO of Pay By Touch. "Paycheck Secure, powered by Pay By Touch, can help%%Nbanks generate additional non-interest, fee-based revenue while decreasing%%Nthe risk of fraud and meeting applicable regulatory compliance%%Nrequirements."%%N "At eBank, we are committed to helping community financial institutions%%Nrealize their full potential," said Dave Boren, CEO, eBank. "Reducing fraud%%Nis a major issue for banks and credit unions alike. We are pleased to offer%%NPaycheck Secure, an efficient and secure way for financial service%%Nproviders to serve more customers."%%N The one-time sign-up for the Paycheck Secure service is quick and easy%%Nto complete. To enroll new customers, banks digitally scan the consumer's%%Ngovernment-issued photo I.D., take an electronic photograph and capture two%%Nfingerprints, creating a unique customer profile for each individual. At%%Nsubsequent visits to the bank, the customer need only place his/her finger%%Non the scanner to safely and securely cash payroll and government checks.%%N eBank offers a full suite of technology and core service products for%%Ncommunity banks including data processing, item processing, teller%%Napplications, check imaging, telephone and internet banking, document%%Nimaging, and loan processing platforms.%%N About eBank Systems, Inc.%%N eBank Systems, Inc. is a Lubbock, TX based technology and core service%%Nprovider for financial institutions in the Southwestern United States.%%NeBank offers a full suite of products for community banks including core%%Ndata processing, item processing, teller applications, check imaging,%%Ntelephone and internet banking, document imaging, and loan processing%%Nplatforms. eBank's signature product, Trinisys, is a state of the art core%%Ndata processing system designed to streamline the operations of financial%%Ninstitutions. eBank was founded in 1997 by Mr. Dave Boren, the current CEO%%Nof eBank.%%N You may learn more by visiting our website at www.ebanksystems.com.%%N About Pay By Touch%%N Pay By Touch (www.paybytouch.com) is the global leader in biometric%%Nauthentication, personalized marketing and payment solutions. Already, more%%Nthan 3.6 million consumers are using Pay By Touch services to identify%%Nthemselves, make purchases, cash checks and get personalized savings with%%Nthe touch of a finger. Pay By Touch services are free for consumers to use%%Nand available in more than 3,000 retail locations across 44 states, the UK%%Nand Singapore. Pay By Touch also provides robust data management and%%Npayment processing solutions for ACH (electronic checking), card-present%%Nand card-not-present debit and credit transactions for retail clients.%%NFounded in 2002 and headquartered in San Francisco, Pay By Touch employs%%N800 professionals and holds more than 60 patents worldwide on secure,%%Nconvenient and cost-effective transaction solutions.%%N%%NSOURCE Pay By Touch

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Source: Company press release.