Pay By Touch on Track to Acquire ATM Direct

Pay By Touch on Track to Acquire ATM Direct

Purchase would enhance Pay By Touch suite of services

SAN FRANCISCO, Nov. 29 /PRNewswire/ -- Pay By Touch(TM) today announced that it has signed agreements to acquire ATM Direct, the payment processing industry's 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 will allow Pay By Touch to facilitate PIN debit purchases online," said John Rogers, president and chief executive officer of Pay By Touch. "This new addition to the Pay By Touch family gives us the ability to provide a one-stop-shop for an end-to-end payment processing solution."

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.

About Pay By Touch

Pay By Touch is a free consumer payment service that allows shoppers to pay for purchases using a finger scan linked to their financial accounts and loyalty programs. With Pay By Touch, the checkout process is faster, more convenient, and more secure than other payment methods. It eliminates the need to present checks and IDs, credit, debit, membership, or loyalty cards at the point of sale. Pay By Touch offers retailers a complete payment solution from front-end biometric authentication to back-end ACH and credit card payment processing. For additional information, visit www.paybytouch.com.


Source: Pay By Touch

CONTACT: Shannon Riordan of Pay By Touch(TM), +1-415-281-2253 or
shannon.riordan@paybytouch.com; or Paula Holland of Porter Novelli,
+1-408-571-2314 or paula.holland@porternovelli.com, for Pay By Touch

Web site: http://www.paybytouch.com/


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