CHARLESTON, S.C. - (02/08/05) -- Piggly Wiggly supermarkets said itis expanding its pilot fingerprint scanning program to allowconsumers at all of its supermarkets to pay by fingerprintscanning. Piggly Wiggly will implement the Pay By Touch biometricpayment systems in all check-out lanes to allow shoppers to pay fortheir groceries. The process allows shoppers to scan their finger,enter a search code, and add checking account information to createa Pay By Touch eWallet, which will be accessed at the check-outline. Customers will simply scan their finger and select theirpreferred payment method, eliminating the need for cash, cards orchecks. The system eliminates the need to present checks and IDs,credit, debit, membership or loyalty cards at the point ofsale.
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As AI and digital assets become mainstream, banks are spotting new opportunities to integrate payments with other activities.
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House Republicans overcame internal divisions to narrowly pass President Trump's tax and spending package Thursday afternoon. The measure would cut the Consumer Financial Protection Bureau's funding level, among other provisions.
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A new partnership with Google Cloud will let the Spanish bank offer Gemini to all staff after a successful ChatGPT deployment.
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Atlanta-based CoastalSouth's initial public offering prices at $21.50 a share; Valley National Bancorp announces Lyndsey Sloan will succeed Gary Michael as general counsel; Webster Financial Corporation taps a new chief risk officer and appoints a new board member; and more in this week's banking news roundup.
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Capital One closed the deal to buy the credit card provider in May and as part of the review process, decided to exit its home equity lending business.
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In a rare move for a credit union, the Seattle institution has snapped up the 13-member team that created EarnUp's AI Advisor product.
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