Pay By Touch acquires InterCept Payment Solutions
Pay By Touch, the leading provider of biometric authentication and payment solutions, announced today it has acquired InterCept Payment Solutions (IPS), a merchant processing platform with approximately 18,000 customers.
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The acquisition is effective immediately, with Pay By Touch maintaining IPS as a wholly owned and separately operated subsidiary. The IPS acquisition reflects Pay By Touch's ongoing evolution from a single payment solution to a provider of end-to-end biometric authentication and payment processing services.
IPS will continue to provide tailored merchant processing solutions to their roster of top-tier clients, including Sony, CNET, Classmates and others.
"Pay By Touch has embarked on a strategy to provide customers an end-to-end biometric authentication and payment solution, and the acquisition of IPS complements our company's patented signature front-end biometric payment system," said John Rogers, Pay By Touch President and Founder. "IPS is a profitable corporation with 18,000 customers, providing immediate revenue stream to Pay By Touch and enhancing our offerings to merchants.