Pay By Touch Acquires Online PaymentService

October 06, 2005, 1:00 a.m. EDT 1 Min Read

SAN FRANCISCO - (10/06/05) -- Pay By Touch Solutions, the pioneerin fingerprint biometrics that has been introduced at the checkoutline at hundreds of supermarkets, reported Wednesday it hasacquired ATM Direct, the provider of an all-software solution thatallows PIN debit payments online. ATM Direct has a patent pendingsoftware that allows for secure entry of an ATM or check card PINnumber for purchases made over the Internet, allowing real-timepayments just like cash. Separately, Pay By Touch announcedWednesday it raised $130 million this week with a new debtoffering. Pay By Touch has rolled out its fingerprint paymentterminal at Piggly Wiggly supermarkets, Albertsons and SuperValustores.

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