Zions Bank Is First Retail Bank to Bring Biometric Check Cashing Service to Utah and IdahoZions Express Powered by Pay By Touch, Offers Faster, Safer Transactions for Check-Cashing Customers
SALT LAKE CITY, July 5, 2006 Zions First National Bank, a subsidiary of Zions Bancorporation ZION ($77.06, -0.80, -1.0%) , and Pay By Touch today announced the introduction of biometric check-cashing to 12 locations throughout Utah and Idaho. The new service, powered by biometric payments leader Pay By Touch, uses a finger scan to quickly and securely identify customers when they are cashing a government or payroll check.
The new service, Zions Express powered by Pay By Touch is easy to use. Customers must first register at any participating Zions Bank branch. A bank employee will positively identify the customer using a government-issued photo ID, then digitally scan the customer's fingerprint and take an electronic photograph. The one-time signup process takes only minutes, and at subsequent visits to the bank the customer need only place his/her finger on the Zions Express scanner to safely and securely cash payroll checks.
"We are excited to be the first in Salt Lake City to provide our customers a secure, convenient and quick way to cash their checks," said Rob Brough, senior vice president of Zions Bank Corporate Communications. "Not only will bank customers experience shorter transaction times, they'll be protected from identify theft and fraud."
"Pay By Touch is helping Zions reduce fraud and provide better customer service," said John Rogers, founder, chairman, and CEO of Pay By Touch. "Hands down, the financial services market is ready for Pay By Touch. The time is now."
More than $8 billion in checks have been cashed using Pay By Touch's biometrically initiated check-cashing system. Pay By Touch recently acquired BioPay, the developer of the biometric check cashing system. To date, more than 2.5 million consumers are using the system to cash checks -- primarily in retail locations. Zions Bank is the first retail banker to implement the system in branch locations and is Pay By Touch's first retail banking customer.
For additional information about the Paycheck Secure product, visit www.paychecksecure.com.
About Pay By Touch(TM)
Pay By Touch is the global leader of biometric authentication, personalized rewards, and payment solutions. The company's patented biometric products and services enable shoppers to conveniently and securely access personal accounts using a finger scan to identify themselves, make purchases, cash checks, and earn rewards. Pay By Touch also provides robust payment processing solutions for ACH (electronic checking), card-present and card-not-present debit and credit transactions. To date, Pay By Touch services over 154,000 retail clients, manages personalized rewards programs for more than 130 million opt-in consumers, and has more than 2.5 million shoppers using biometric authentication products and services at 2,000+ locations coast to coast. Founded in 2002, Pay By Touch is a privately held company headquartered in San Francisco that employs more than 600 professionals and holds more than fifty U.S. issued patents. For additional company information, visit www.paybytouch.com.
About Zions Bank(TM)
Zions First National Bank is a subsidiary of Zions Bancorporation. Zions Bancorporation is one of the nation's premier financial services companies, consisting of a collection of great banks in select high growth markets. Zions operates its banking businesses under local management teams and community identities through over 450 offices and 500 ATMs in 10 Western states: Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah and Washington. The company is a national leader in Small Business Administration lending and public finance advisory services. In addition, Zions is included in the S&P 500 and Nasdaq Financial 100 indices. Investor information and links to subsidiary banks can be accessed at www.zionsbancorporation.com.
SOURCE Pay By Touch Leslie Connelly of Pay By Touch, +1-703-467-8332, or leslie.connelly@paybytouch.com; or Aaren Weidner of Porter Novelli, +1-408-369-4667, or aaren.weidner@porternovelli.com, for Pay By Touch; Rob Brough of Zions Bank, +1-801-594-8268, or rbrough@zionsbank.com http://www.prnewswire.com Copyright (C) 2006 PR Newswire. All rights reserved.
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