Pay By Touch on Track to Acquire ATM Direct

Thursday 2 December 2004 02:20 CET | News

Pay By Touch has signed agreements to acquire ATM Direct, the payment processing industrys leading provider of an all-software solution that brings PIN debit to the Internet.

The forthcoming acquisition will round out the Pay By Touch offering, which already includes payment processing services from iPAY and biometric payment authentication services from Pay By Touch. ATM Direct has a patent-pending software-only solution that allows for secure entry of any ATM or check card PIN number for purchases made over the Internet. This new solution would allow consumers to securely use their PIN numbers when making online purchases -- allowing real-time payments just like cash. Working with major credit card providers worldwide, ATM Direct will be able to authenticate more than one billion ATM cardholders and enable them to securely pay with electronic cash on the Internet.

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

Payments & Commerce