BCHECK DELIVERS CONVENIENT BIOMETRIC PAYMENTS TO CONSUMERS; MERCHANTS GET LOW-COST, SECURE PAYMENTS

Biometric payment transaction leader BioPay, LLC today announced its bCheck biometric payment service. BioPays bCheck service gives consumers the convenience of paying for purchases by the touch of a finger; cash, checks, credit and debit cards, and ID are not required. Merchants can take advantage of bCheck to substantially reduce processing costs, payment handling, and losses due to fraudulent transactions. One of the first bCheck implementations will be done by Baltimore-based Santonis Supermarket.

BCHECK DELIVERS CONVENIENT BIOMETRIC PAYMENTS TO CONSUMERS; MERCHANTS GET LOW-COST, SECURE PAYMENTS
Santonis Supermarket to Install First bCheckSM Application

HERNDON, Va. -- February 18, 2003 -- Biometric payment transaction leader BioPay, LLC today announced its bCheck biometric payment service. BioPays bCheck service gives consumers the convenience of paying for purchases by the touch of a finger; cash, checks, credit and debit cards, and ID are not required. Merchants can take advantage of bCheck to substantially reduce processing costs, payment handling, and losses due to fraudulent transactions. One of the first bCheck implementations will be done by Baltimore-based Santonis Supermarket.

Biometric payments are a natural evolution for retailers," said Tim Robinson, president, BioPay, LLC. Consumers and merchants, alike, are seeing the substantial value biometrics offer. Advanced applications, make it inevitable that financial transactions will be initiated with a biometric."

According to a recent survey by the Opinion Research Corporation for the National Consortium for Justice Information and Statistics, 85% of respondents consider it acceptable to use biometrics to make transactions more secure.

Biometrics are unique to an individual and cant be stolen or easily replicated, so they offer consumers protection against identity theft. Merchants accepting biometric payments can be confident the customer is who they say they are, helping to reduce losses to fraud.

Convenience is another benefit of biometric payments. Consumers no longer need to carry cash, a checkbook, credit or debit cards or ID to make purchases. Using a biometric, consumers can quickly pay for purchases and be on their way. Merchants accepting biometric payments speed the check-out line, helping to serve all customers efficiently.

Santonis Supermarket, a family-owned business in Baltimore, Maryland, with a customer count of more than 1.2 million in 2002, will offer bCheck to its grocery customers in the first part of 2003.

Paper checks are less expensive to process than credit and debit card transactions, yet they are not as secure and take longer to process," said Rob Santoni, Chief Financial Officer, Santonis Supermarket. With bCheck, payment and processing is electronic so the transaction is done quickly but securely. As a result, we get our money quicker and at a lower processing cost."

Biometrically-initiated Automated Clearing House (ACH) transactions are less expensive to process than paper checks, credit or debit card payments. For example, bCheck transaction costs are 75% less than the costs of credit card and off-line debit (check card) transactions.

bCheck is based on biometric technology used in Paycheck Secure, BioPays market-leading payroll check cashing system. During a short enrollment process, the customer gives the clerk his or her driver's license or other ID for inputting into BioPay's database. At the same time, the customer's index fingers are scanned. The customer's preferred checking account is also recorded. The entire process takes less than two minutes and all the information is securely stored in the BioPay system. Repeat customers can quickly and conveniently pay for purchases with the touch of a finger; cash, checks, credit and debit cards, and ID are not required.

Purchases with bCheck
To make a purchase, customers simply enter their phone number and place their finger on the scanning device and confirm their purchase amount. Funds are securely transferred from the enrolled account to the merchant. The transaction is performed like a normal check payment, but settlement is performed electronically and the customers finger acts as the signature on the check.

bCheck at MARKETECHNICS® 2003
Attendees to the Food Marketing Institutes (FMI) MARKETECHNICS® 2003 tradeshow in Dallas, Texas, February 23-25, can experience bCheck firsthand at BioPays booth (#2051). Attendees can also participate in BioBucks, a new joint program offered by FMI and BioPay that gives people the power to make purchases with the touch of a finger on the show floor. BioBucks is based on bCheck technology and was designed to demonstrate the convenience and security of using biometrics in a retail setting.

About Santonis Supermarket
Founded in 1930, Santonis Supermarket was one of the first full-service grocery stores in Baltimore. The company is committed to taking care of its customers, respecting and enabling its employees, and operating with integrity and hard work. For more information, visit www.santonismarket.com.
About BioPay, LLC

Established in 1999, BioPay provides smart, secure methods for processing financial transactions. Its biometric systems help businesses substantially reduce fraud and give consumers a convenient, easy way for cashing checks and paying for purchases. BioPays patent-pending systems for merchants, banks and financial service organizations have been implemented across the nation. BioPay's value to consumers and merchants has created the nations largest commercial electronic fingerprint database. For more information on BioPay and its industry-leading products please visit www.biopay.com.
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