Californians Cashing Paychecks with Finger Image Technology Climbs to 500,000; Use of BioPay's Paycheck Secure Grows In Other Western States.

LOS ANGELES -- BioPay, the leader in biometric transaction processing, announced today that 610,000 consumers are using Paycheck Secure, the company's biometric payroll check cashing system at more than 400 retail locations throughout California. To date retailers across California have cashed more than 5.8 million checks, totaling 2.7 billion dollars with the Paycheck Secure system since its launch in 2001. An additional 57,000 individuals in Arizona, Utah and Nevada are also using the system. In total, more than 1.9 million consumers throughout the United States are using the Paycheck Secure system, demonstrating growing consumer awareness, demand and confidence with the convenience of biometric technology.

"Like most modern day independent retailers, we like to take advantage of any technology that enables us to increase efficiency as well as profitability," says Robert Shiraki, president of Arteaga's Super Save Market, a grocery store in Gilroy, CA. "In 2003, one of our locations lost approximately $47,000 in fraudulent checks. Since we installed BioPay's Paycheck Secure system, our losses are minimal."

In the past, many consumers without bank accounts often found it difficult to cash paychecks due to previous requirements by check cashing venues such as bank account verification and other identification. Businesses wishing to solve this problem and help their community by offering payroll check cashing face the prospect of fraudulent check cashers. With BioPay's Paycheck Secure system, these individuals can enroll at any participating grocery store, liquor store, convenience store or check cashing location, to cash any employer's paycheck just by "putting their finger down" to verify their identity.

"The quarter before installing BioPay's Paycheck Secure check cashing system, we lost $12,000, due to bad checks," stated Ed Vela, general manager at Jax Market in Los Angeles, CA. "Since installing the system, our losses have dropped by almost 97 percent and the system has paid for itself in the same brief timeframe. It's amazing."

"It's so convenient, so easy," says Joe Gonzalez, a customer of Jax Market. "When I got my paycheck on Friday afternoon, I always had trouble cashing my check. Sometimes I had to wait until Monday morning and obviously my wife wasn't too happy with that," stated Gonzalez.

About BioPay

With over 1.9 million registered consumers, BioPay's customer adoption proves that the time for biometrics is now. Over 1,400 retail locations are using one or more of BioPay's smart, secure methods for processing financial and other transactions requiring identification such as payroll check cashing, payments, loyalty programs, age verification and stored value programs. BioPay's patent-pending systems for grocers, convenience stores, gas stations, liquor stores and other retailers have been implemented across the nation. For more information on BioPay and its market-leading products please visit www.biopay.com or www.paychecksecure.com.