Piggly Wiggly Carolina Co.'s decision to roll out a biometric payment system to all 85 stores in its chain was driven by both transaction-cost savings and customer interest, a senior executive for the Charleston, S.C.-based grocer says. In related news, Pay By Touch, the San Francisco-based company whose system Piggly …

A startup company says it is probably 12 to 18 months away from piloting a contactless payment card that will incorporate both chip-based radio-frequency identification and biometric authentication technology. Up to now, RFID-based payment pilots and programs have not included PINs or any other means of authenticating users. But 2-year-old …

Albertson's Inc., a Boise, Idaho-based chain of supermarkets, will install and test a biometric-based system to authenticate electronic transactions by the end of the first quarter next year. The system, which relies on mathematically derived templates of consumers' fingerprints, comes from San Francisco-based Pay By Touch, which has been aggressively …

Piggly Wiggly Carolina Co., a Charleston, S.C.-based supermarket chain, today switched on an in-lane biometric payment system in four stores on the way to a planned rollout of the fingerprint authentication system to all 116 stores in the chain. The system, from San Francisco-based Pay By Touch, allows customers to …

BioPay LLC today announced it has enrolled 1 million consumers in its biometric check-cashing and payment services since the services started in June 2000 and September 2003, respectively. The Herndon, Va.-based company also said it has processed almost 7.5 million transactions with a value of $3 billion in that time. …

Bi-Lo LLC, a supermarket chain based in Mauldin, S.C., has announced a biometric-based authentication system has cut its payroll-check fraud losses by 60% since it was installed last fall. The grocer says almost 40,000 customers are now signed up for the system, called Paycheck Secure, and that it has done …

Piggly Wiggly Carolina Co., a Charleston, S.C.-based chain of supermarkets with stores in South Carolina and Georgia, has adopted a payment system secured by biometrics primarily to increase its share of technologically savvy, white-collar customers. “It sends a message that we're trying to be cutting edge,” says David Schools, senior …

Information Architects Corp., a Fort Lauderdale, Fla.-based provider of Web-based employee-screening technology, has announced it is entering the market for electronic point-of-sale transactions secured by cardholders' fingerprints. The company says it has acquired a U.S. patent (6,270,011 B1) that covers a fingerprint-scanning methodology for credit cards via scanners deployed at …

GenAI carries risks, some not yet well-known. But its potential to transform payments is too compelling to ignore. Generative AI has been described as a Gold Rush for businesses looking to cash in on the better user experiences and operating efficiencies it is said to create. It has also been …

Long enchanted with retail and restaurants, acquirers are ready for the next point-of-sale markets. The independent sales agent and acquirer model is successful because of its ability to competitively sell merchant services. The saturation of point-of-sale and online payment services within the retail and restaurant industries is a prime example …