Online Shoppers To Pay ByTouch
PHOENIX - (02/07/06) -- Biometric provider Pay By Touchunveiled a new online identification system that will allowshoppers to tap their personal computers with a touch of a fingerin order to authenticate their identities online. Pay By TouchOnline, introduced at the DEMO 2006 Conference, will extend thecompany's biometric fingerprint identification system from thecheck-out line to home computers. In order to use the system, aconsumer must install scanner or their PC or laptop. The systemwill allow consumers to log onto web sites they commonly use withthe touch of a finger, then use the fingerprint ID again to accessa credit card, credit union or bank account to pay. The system willprovide multi-factor authentication to comply with new federalrequirements. Pay By Touch is negotiating with several onlineretailers and financial institutions in hopes of launching the newpayment system this spring. Pay By Touch has already launched thesystem in supermarkets in the southeast and northwest, whereshoppers can pay their bills with the touch of their fingerprintinstead of a credit card or check.