Online Biometric ID Introduced
MARINA DEL REY, Calif.-TouchCredit Financial Services Inc., has signed a licensing agreement with Electracash Inc., enabling Electracash to offer TouchCredit's online biometric verification technology.
Electracash will offer the system, known as BioApp, to more than 500 of its merchant customers as part of Electracash's payment-processing system.
BioApp verifies that the online customer is making the purchase by his keystroke or his voice; therefore, the merchant can consider it a card-present
To use BioApp, a person must fill out an online application that requires
The person also must take an identification quiz to assure that he is
When the verification occurs, BioApp sends software to the applicant's computer. It gives the person a choice of voice verification, VeriVoice, or keystroke identification, Biopassword.
ISO Still Building ATM Fleet
HOUSTON-Cardtronics, the largest independent service organization for ATMs,
The deal swells the Cardtronics fleet to more than 11,000 locations.
First Data Probe To Be Extended
WASHINGTON-The U.S. Justice Department is expected to extend its antitrust
The extention is expected because of the complexity of the deal, which will
The deal is also being scrutinized by attorneys general in 10 states where each of the company's has a major presence. Justice officials are stuyding the deal to determine whether it will have a negative impact on competition in the market for electronic transactions.