News

BioPay Files Biometrics Patent Suit Against Pay By Touch

Monday 24 January 2005 22:33 CET | News

Biometric payments leader BioPay, has filed suit against Solidus Networks, Inc. d/b/a Pay By Touch, and Indivos Corporation in the U.S. District Court for the District of Delaware.

BioPays lawsuit, filed January 18, 2005, involves patents on the use of biometric technology in point-of-sale transactions. BioPay asks the court to declare patents held by Pay By Touch to be invalid and also asks the court to declare that BioPay has not infringed on Pay By Touchs patents. BioPay took this legal action in response to unfair business practices intended to mislead the industry regarding ownership of biometric technology. BioPay believes that this, in turn, will enable merchants to choose among biometric transaction systems based on cost, service, innovation and convenience to customers. BioPay is the leader and innovator in biometrically-initiated payment processing. BioPay currently processes payments for many types of merchants including grocery stores, convenience stores, gas stations, general retail, restaurants and offers features such as cash back for retailers and customer controlled tip function for restaurants. BioPays biometric technology for check cashing and payments has been used to complete more than 13 million transactions worth more than four billion dollars. More than 1.5 million consumers are enrolled in BioPays Paycheck Secure service, making it the most widely used retail biometric system in the nation. BioPay has 29 patents pending covering its innovative technology.


Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Keywords: ,
Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce


Related

VeriFone acquires WAY Systems

Published 02 Sep 2010 09:23 CET | World
US-based electronic payment services provider VeriFone has acquired WAY Systems, a provider of mobile POS and gateway services for mobile merchants....