Gartner Research

Pay by Touch To Acquire BioPay: Pointing at Retail Biometrics

Published: 08 December 2005

ID: G00183667

Analyst(s): Robert Garf, Scott Langdoc

Summary

Pay by Touch plans to acquire chief rival BioPay for $82M in cash and stock to become the largest provider of biometric technology for retailers. The acquisition allows Pay by Touch to obtain key technology assets from BioPay and end a year-long patent battle between the two firms. It also combines the extremely valuable members enrolled in their biometric payment program.

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