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January 17, 2006

Pay By Touch acquires BioPay

San Francisco-based biometric payment company Pay By Touch has bought BioPay for $82 million in stock and cash.

By CBR Staff Writer

Both companies use technology to allow consumers to pay for products using a finger scan identification tool. The deal will give Pay By Touch access to two million BioPay consumers across 42 states, as well as the company’s patent portfolio.

BioPay is the leader in biometrically authenticated check cashing and is established in many small to mid sized retailers, according to the company. Pay By Touch has recently signed agreements to launch its service in Supervalu stores across the US.

Pay By Touch and BioPay together bring buyers and sellers one step closer to making biometric transactions ubiquitous around the world, said John Rogers, CEO and chairman of Pay By Touch.

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