Lowes Foods Introduces Biometric Payments and Check Cashing

In addition, Lowes Foods will offer Paycheck Secure(R), the nations leading biometric identification system, to its check-cashing customers. BioPay expects to install BioPay at Lowes Foods stores in the North Carolina market in the spring of 2005. BioPay expects to have its payment method installed in all 108 Lowes Foods stores by the end of 2005. BioPays biometric payment service allows people to conveniently pay for purchases with the touch of a finger. There is no cost for customers to enroll or use BioPay. Lowes Foods customers in the North Carolina market have already begun using BioPays Paycheck Secure to quickly and securely cash payroll checks. Paycheck Secure uses biometric technology to electronically capture a customers finger image and then record payroll check transactions associated with that person Customers only need to enroll in BioPay once, and enrollment can be completed at any merchant that offers the biometric payment service. To enroll, the customer gives the clerk his or her drivers license or other ID, which is entered into BioPays database. At the same time, the customers index fingers are scanned. The customers preferred checking account is recorded, as well as Rewards Card and age information. The entire process takes less than one minute. Once enrolled, the customer can pay with his or her finger at any retailer in the United States that features BioPay. More than 1.5 million consumers are enrolled in Paycheck Secure, making it the most widely used retail biometric system in the nation.