Pay By Touch acquires new patent portfolio
Pay By Touch today announced that the company has successfully acquired a new patent portfolio with issued U.S. patents for additional biometric payment solutions.
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The newly acquired portfolio includes a U.S. issued patent for biometric authentication for check cashing and adds to Pay By Touch's more than two dozen issued U.S. patents.
"Our acquisition of the issued patent covering biometric authentication of check-cashing and our recently announced alliance with global transaction processing leader Certegy brings a compelling proposition to our check-cashing authentication services," said John Rogers, founder, chairman and CEO of Pay By Touch. "This acquisition is indicative of our market momentum as retailers and shoppers continue to sign up for Pay By Touch."