SAN FRANCISCO, CA, June 5, 2006 –Pay By Touch, the global leader of biometric authentication, personalized rewards and payment solutions, today announced plans to deploy its innovative finger-touch payment service in Pathmark supermarkets.%%N%%NWith Pay By Touch, Pathmark shoppers will be able to conveniently and securely pay for groceries by using a finger scan linked to their checking accounts.%%N%%N“Paying by touch is really as simple as it sounds,” said John Standely, CEO of Pathmark. “Pay By Touch provides our shoppers with a fast, convenient, and secure payment option. It’s just one more way Pathmark is dedicated to helping our busy shoppers.”%%N%%NShoppers can use Pay By Touch after a quick, one-time sign-up at a special kiosk located in Pathmark stores, or online at www.paybytouch.com. Signing up is simple and consists of providing photo ID, a voided check and a finger scan. The system is highly secure and customer information is never sold or disclosed. %%N%%NOnce enrolled, shoppers can immediately use their finger to purchase products at participating Pathmark stores or any other Pay By Touch-enabled retailer in the country. When it comes time to pay, shoppers simply place a finger on a scanner at the point of sale and enter their phone number. After the shopper is recognized by name, and the transaction amount is approved, payment is automatically debited from his or her checking account. The Pay By Touch system abides by strict security and privacy standards, and no account numbers are exposed at the point of sale. %%N%%NPathmark operates 141 supermarkets in the New York–New Jersey and Philadelphia metropolitan areas. Exact locations for the initial deployment of Pay By Touch service are to be announced. Under the agreement, Pathmark plans to test the Pay By Touch service prior to a larger rollout.%%N%%N“The market is ready to pay by touch, and stores like Pathmark are helping to satisfy a growing consumer demand for new, convenient, and secure payment methods,” said John Rogers, founder, chairman, and CEO of Pay By Touch. “With Pathmark joining the network of Pay By Touch retailers, consumers coast to coast are experiencing the freedom of paying with the touch of a finger.”%%N%%NAbout Pay By Touch %%N%%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 (electronic checking), 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 600 professionals and holds more than 30 U.S. issued patents. For additional company information, visit www.paybytouch.com.%%N%%NPathmark Stores, Inc.%%N%%NPathmark is a regional supermarket chain currently operating 141 supermarkets primarily in the New York–New Jersey and Philadelphia metropolitan areas. Additional information about Pathmark may be found at www.pathmark.com.%%N%%NSource: Company Press Release
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Source: Company press release.
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