Radiant Systems, Inc. (NASDAQ: RADS) and Pay By Touch announce the debut of an integrated biometric payment solution.
The synergy of Radiant's core petroleum and convenience retail application with Pay By Touch's consumer payment service will enable convenience stores to increase the speed of service with the touch of a finger, at the point of sale inside the store, and outside at the fuel island. Pay By Touch allows shoppers to safely and securely pay for purchases using a finger scan to access their electronic wallet. Once enrolled in the Pay By Touch service, consumers scan their finger and select a preferred payment method every time they pay. This end-to-end offering includes loyalty programmes, payment programmes, and age verification services in one comprehensive system.
Payment security and speed of service are both significant issues worldwide," said Mark Schoen, president of Radiant's global petroleum and convenience retail division. "Working with Pay By Touch is a logical step toward addressing growing security concerns as well as continuing to increase speed of service."
Consumer demands for convenience are increasing at an unprecedented pace," said Tim Finn, Senior Vice President of Petroleum and Convenience Store Sales for Pay By Touch. "Our combined technology protects against identity theft, offers consumer convenience and safeguards against false identification."
This joint solution offers the best of Radiant's industry-proven, point-of-sale application and Pay By Touch's innovative biometric solution, which enhances the overall customer experience, lays the groundwork for a consumer biometric payment system, and ultimately enables merchants to offer a fast and secure way to pay for gas and other purchases.