Biometric Access Corporation's SecureTouch-n-Pay Brings Enhanced Transaction Processing to Kroger Stores.Business Editors & High-Tech Writers ROUND ROCK, Texas--(BUSINESS WIRE)--April 11, 2002 Biometric Access Corporation ("BAC BAC abbr. blood alcohol concentration "), a leading provider of biometric identity verification Noun 1. identity verification - the automatic identification of living individuals by using their physiological and behavioral characteristics; "negative identification can only be accomplished through biometric identification"; "if a pin or password is lost or solutions, today announced its retail point-of-sale (POS (1) See point of sale and packet over SONET. (2) "Parent over shoulder." See digispeak. POS - point of sale ) system SecureTouch-n-Pay(tm) is being pilot tested by The Kroger Company for faster, easier and more secure financial transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. . Kroger stores in the Bryan/College Station, Texas market have installed SecureTouch-n-Pay to process grocery checkout and payroll check cashing transactions. SecureTouch-n-Pay enables customers to shop without needing to carry a purse, wallet or checkbook by incorporating biometric identity verification and electronic financial transaction processing at the POS. "Kroger continually pursues new technologies that can improve the shopping experience for our valued customers," said Arthur Oden, Risk Manager of The Kroger Southwest Division. "SecureTouch-n-Pay offers faster, more convenient and more secure checkout by enabling customers to pay for groceries and obtain loyalty program discounts without having to carry any plastic cards, checks or cash into our stores. We believe this technology may represent the future for financial transactions at the POS and we are pleased to be the first to bring this convenience and protection to our customers." Customers may participate in SecureTouch-n-Pay by completing a one-time enrollment that captures all the personal and financial data necessary for transaction processing, including ID information, loyalty program information, electronic payment options (i.e. checking accounts, credit/debit accounts, Electronic Benefits Transfer accounts) and their unique finger images. This information creates a personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. account that can be accessed by the customer during checkout or payroll check cashing by providing a personal ID number and a finger image that matches one captured during the enrollment sequence. SecureTouch-n-Pay benefits for the customer include increased speed and convenience, as well as enhanced personal and financial asset protection that provides a safeguard against identity theft. Benefits for the merchant include increased customer loyalty, improved productivity at the checkout lane, reduced operating expenses Operating expenses The amount paid for asset maintenance or the cost of doing business, excluding depreciation. Earnings are distributed after operating expenses are deducted. , improved cash flow and reduced fraud losses. SecureTouch-n-Pay was developed by BAC to offer merchants a solution that improves multiple aspects of the retail business. Kroger, the largest supermarket chain in the U.S., has worked with BAC for more than three years and offered invaluable insight about the retail environment that helped shape the solution. SecureTouch-n-Pay is integrated with IBM's SurePOS(tm) ACE application, the leading IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) POS solution for the supermarket industry, which is utilized by Kroger. "BAC is proud to partner with Kroger, a revered leader in the supermarket industry, and IBM to bring SecureTouch-n-Pay to Kroger's customers," said Ron Smith Ron Smith may refer to:
About Biometric Access Corporation Biometric Access Corporation ("BAC") is a systems integration and software/hardware development company that provides identity verification solutions for retail financial transactions, time and attendance and PC/network security. As the sole proprietor proprietor n. the owner of anything, but particularly the owner of a business operated by that individual. PROPRIETOR. The owner. (q.v.) of its SecureTouch(R) finger image authentication (1) Verifying the integrity of a transmitted message. See message integrity, e-mail authentication and MAC. (2) Verifying the identity of a user logging into a network. products, BAC designs, develops, manufactures and markets several hardware and software applications to provide complete user solutions. BAC is a privately funded company located in Round Rock, Texas. For more information about BAC and SecureTouch products visit www.biometricaccess.com, send email to sales@biometricaccess.com or phone 512/246-3760. Biometric Access Corporation, BAC logo and SecureTouch are trademark or registered trademarks of Biometric Access Corporation. Product photographs available upon request. |
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