February 03, 2006 (6:58 PM EST)
Grocery Chain Lets Shoppers Pay By Touch
By Laurie Sullivan, TechWeb News
Pay By Touch said more than two million customers have enrolled in the biometrics service, and has authenticated approximately $8 billion in transactions.
The company holds 31 U.S.-issued patents for biometric transactions, including age verification, loyalty cards and check-cashing, with more than 70 patents pending.
In late January, Pay By Touch closed more than $60 million in new financing through its sale of Series C Preferred Shares. Funds secured in the past three years exceed $190 million.