Pay By Touch shuts down all biometric retail services

Pay By Touch shuts down all biometric retail services
Tags: Biometrics, POS, Payments, Security, Technology
March 23, 2008

SAN FRANCISCO — Solidus Networks Inc., dba Pay By Touch, announced that it will no longer process biometric transactions on behalf of its merchant customers and consumer membership base, as of 11:59:59PM March 19, 2008.

On December 14, 2007, Solidus Networks filed for U.S. bankruptcy protection under Chapter 11. As part of the company's restructuring, it was determined that the enterprise could no longer support the biometric authentication and payment system as it currently exists, based on lack of funding and current market conditions.

Other non-biometric Solidus Networks business units will continue on their current business paths.