Pay By Touch Can Now Check ByTouch
SAN FRANCISCO - (01/18/06) Pay By Touch, the provider offingerprint payment technologies, announced Tuesday it hascompleted its acquisition of BioPay LLC, the leading provider offingerprint authentication systems for checking. Under the terms ofthe deal, Pay by Touch will pay $82 million in stock and cash andassume all responsibility for the assets of Herndon, Va.-basedBioPay, including its patent portfolio, retail customers andenrolled members. The deal gives customers of both companies accessto the combined suite of biometric payment technologies. It is thefourth acquisition by Pay By Touch in the last fourmonths.