VeriFone and Pay By Touch Form Strategic Partnership

Monday 16 May 2005 08:28 CET | News

VeriFone has signed a joint development and marketing agreement with Pay By Touch, aimed at furthering the adoption of consumer biometric payment solutions.

Under the agreement, the companies will work together to enhance the security, encryption and compatibility of each others solutions. In addition, both companies will offer the Pay By Touch consumer biometric payment service as an integrated offering with VeriFones family of payment solutions. Both companies will also collaborate on new product development, marketing, and sales of the integrated solutions. Pay By Touch, an innovator in the payments industry, provides a free service that allows consumers to pay for purchases or cash checks with just the touch of a finger. Shoppers are linked to their financial and loyalty accounts by using a simple method of finger scanning at the point of sale -- eliminating the need to carry cards, checks, or cash. To date, the Pay By Touch consumer biometric payment solution is being deployed in Piggly Wiggly Carolina Co. stores in South Carolina and Georgia, using VeriFones and Pay By Touchs joint systems solutions.

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

Payments & Commerce