ShopRite Terminals

Wakefern Food Corporation is installing more than 4,000 smart card-enabled Hypercom ‘ICE 6000’ card payment terminals across its ShopRite chain. The terminals are already installed and operating in more than 170 supermarkets. When the installation is completed, the high performance ICE terminals will handle up to 4 million consumer transactions every week. Hypercom’s ‘ICE 6000’ is specifically designed to meet the needs of the multi-lane payment terminal and systems market, which generally includes the top 100 US and selected global retailers, including supermarkets, department stores, chain drug stores, mass merchandisers and other retailers.


2Q/01 Delinquency

Eleven of the nation’s top twelve issuers, with at least $10 billion in receivables, posted higher delinquency for 2Q/01 compared to last year’s second quarter. As a peer group, delinquency (30+ days) rose 8.5%, for an average 2Q/01 delinquency rate of 5.38%, according to CardData. Capital One was the only exception, experiencing an 8% decline over the past year. Among issuers reporting 30+ day delinquency, Providian reported the largest increase, rising more than 24% over the past twelve months. Overall, delinquency grew about half as much as charge-offs between 2Q/00 and 2Q/01. The disparity between charge-offs and delinquency is driven by the recent increase in personal bankruptcy filings this year in anticipation of new legislation which has revived the “bankruptcy out-of-the-blue” phenomenon. For complete details on each issuer’s track record visit CardData (

1. Citigroup: 1.26% 1.72% 90+ +36.5%
2. MBNA: 4.44% 4.57% 30+ + 2.9%
3. First USA: 3.83% 4.10% 30+ + 7.0%
4. Discover: 5.11% 5.84% 30+ +14.8%
5. Chase: 1.68% 1.90% 90+ +13.1%
6. AmEx: 2.40% 2.90% 30+ +20.8%
7. Capital One: 5.35% 4.92% 30+ – 8.0%
8. Providian: 6.48% 8.04% 30+ + 24.1%
10. Fleet: 4.38% 4.40% 30+ + 4.6%
11. Household 3.14% 3.60% 60+ +14.6%
12. Metris: 7.70% 8.30% 30+ + 7.8%
30+ day Avg*: 4.96% 5.38% +8.5%

*60+ day and 90+ day are not meaningful

SOURCE: CardData ([][1])



Digital Insight 2Q/01

Digital Insight Corp. announced solid results for the quarter ended June 30, 2001, demonstrating progress ahead of expectations on its path to profitability.

Revenues for the second quarter were $22.7 million, an increase of 104% from $11.1 million reported in the same period last year, and a sequential increase of 11% from the first quarter of 2001.

Pro forma net loss for the quarter excluding non-cash charges for stock- based compensation and amortization of goodwill and intangibles was $3.1 million, or ($0.10) per share based on 29.3 million weighted average common shares outstanding which exceeds the consensus forecast reported by First Call of ($0.11) per share. Pro forma net loss for the second quarter excluding non-cash charges for stock-based compensation, amortization of goodwill and intangibles, and restructuring charges improved 46% from $5.6 million in the first quarter of 2001. During the corresponding quarter in 2000, the pro forma net loss excluding non-cash charges for stock-based compensation, amortization of goodwill and intangibles was $5.0 million, or ($0.21) per share based on 23.4 million weighted average common shares outstanding.

Net loss for the quarter was $13.3 million or ($0.45) per share, compared to a net loss of $5.8 million, or ($0.25) per share, for the corresponding period in 2000.

For the six months ending June 30, 2001, revenues were $43.1 million, an increase of 117% from $19.9 million reported in the same period last year. Pro forma net loss for the six months ended June 30, 2001 excluding non-cash charges for stock-based compensation, amortization of goodwill and intangibles and restructuring charges was $8.7 million, or ($0.30) per share based on 29.1 million weighted average common shares outstanding. During the corresponding period in 2000 the pro forma net loss excluding non-cash charges for stock-based compensation, amortization of goodwill and intangibles, restructuring and merger-related charges, and the cumulative effect of the accounting change as a result of implementing SAB 101 was $12.9 million, or ($0.56) per share based on 23.1 million weighted average common shares outstanding. Net loss for the first six months was $33.3 million or ($1.14) per share, compared to a net loss of $29.2 million, or ($1.26) per share, for the corresponding period in 2000.

“We achieved record revenue, expanded margins from the prior quarter and continued to leverage operating expenses resulting in, as expected, a substantially narrowed pro forma net loss,” said John Dorman, chairman and CEO of Digital Insight. “We are particularly pleased with the improvement in gross margins this quarter, resulting from a favorable shift in our revenue mix and the positive impact of our activities initiated in the first quarter to restructure our lending operations. Our achievements this quarter position the Company to achieve EBITDA profitability next quarter and pro forma profitability in the fourth quarter of this year and beyond.”

Business Highlights

* New contracts signed during the quarter added approximately 1,100,000 potential end-users and 51 new financial institutions with 47 new Internet banking and 19 new cash management clients. Average potential end-users for the new Internet banking clients signed increased to about 23,000 from 18,000 in the prior quarter. Additionally, the Company cross-sold nearly $800,000 worth of additional services to existing customers during the quarter.

* There were 11,682 active cash management users at the end of the quarter, up 27% from the prior quarter and 211% from the prior year. During the quarter, 79 clients were implemented with the cash management service.

* The Company added 237,000 active end-users during the quarter. The number of active end-users at quarter end was impacted by the previously discussed acquisition of one financial institution, and another financial institution’s non-renewal of its service agreement. Net of this impact, active end-users increased 169,000 during the quarter to 1,977,000. Subsequent to the second quarter, the Company exceeded 2 million active end-users. Digital Insight is the first outsourced Internet banking service provider to exceed this milestone.

* The Company had a total of 888 Internet banking clients with “live” sites at June 30, 2001, with 100 going live during the quarter. Live Internet banking clients represented 23.8 million potential end-users and an overall penetration of 8.3%, up from 7.8% in the prior quarter. The total number of potential end-users of the 1,100 contracted Internet banking institutions was 27.0 million.

* Lending applications processed during the quarter totaled 87,338, a 31% increase over the seasonally low first quarter. Internet-based applications represented about 40% of the total applications processed, up from 35% in the first quarter. Coupled with the cost of restructuring actions taken in the first quarter, this helped to drive substantial improvement in the gross margin of the Lending Division, contributing to the overall strong margin performance of the Company.

* As part of the initiatives identified in the first quarter to improve the margins of the Lending Division, the Company has been actively managing its client base to optimize profit opportunities. As a result, during the quarter the Lending Division discontinued services to 20 customers that were determined to be below the scale, which can be served profitably.

* Bill payment users increased to nearly 197,000, up 19,000 or 11% sequentially. Bills paid increased to 2.3 million from 2.1 million in the prior quarter.

* Product platform migration to AXIS(TM) Internet Banking is progressing as planned with 58 live clients converted at quarter-end. In addition, over 100 AXIS Cash Management clients are utilizing Release 3.1 at the end of the quarter.

Year 2001 Business Outlook

The Company expects third quarter revenues in 2001 to be between $24.5 million and $25.0 million. The pro forma net loss per diluted share in the third quarter is expected to be between ($0.04) and ($0.05), excluding non-cash charges for stock-based compensation, amortization of goodwill and intangibles.

The Company expects full year 2001 revenues to be between $96.0 and $98.0 million with a net loss per diluted share for the full year expected to be between ($0.29) and ($0.30), excluding non-cash charges for stock-based compensation, amortization of goodwill and intangibles, and restructuring charges.

For complete details on Digital Insight’s 2Q performance visit CardData ([][1]).




Scotiabank’s e-commerce subsidiary e-Scotia and Diversinet Corp., a leading
provider of mobile commerce (m-commerce) security infrastructure solutions,
today announced an agreement for the incorporation of Diversinet’s advanced
wireless security products into e-Scotia’s managed security infrastructure.
The agreement grants e-Scotia a worldwide license to utilize Diversinet’s
Passport Certificate Server(R) and Passport Authorization Product(TM) for
e-Scotia customers requiring secure wireless e-commerce certification services.
e-Scotia will integrate Diversinet’s wireless security solutions into its
infrastructure in order to provide end-to-end wireless security services for
mobile commerce applications using wireless devices such as personal digital
assistants (PDAs), pagers, and smartphones.

“The incorporation of Divere-Scotia’s existing infrastructure enables e-Scotia
to deploy fully secure mobile financial service applications,” said Nagy
Moustafa, President and CEO, Diversinet Corp. “e-Scotia is respected globally
as a leader in e-commerce security solutions. The fact that they have chosen
Diversinet as their wireless security provider reinforces Diversinet’s leading
position in the wireless world.”

“We believe there is great potential for the future of m-commerce, and
Diversinet’s market leading security products will allow for the migration of
e-Scotia’s applications into a dynamic mobile world,” said Albert Wahbe,
Chairman and CEO of e-Scotia and Scotiabank’s Executive Vice-President
Electronic Banking.

e-Scotia’s new wireless security service offering will be available globally.
Enterprises and wireless high-value application developers now have a trusted
third party to provide the wireless identity authentication services required
in mobile financial applications.

About e-Scotia and Scotiabank

e-Scotia is the trade name for Scotiabank’s e-commerce subsidiary specializing
in e-commerce products, sales and services. Scotiabank is one of North
America’s premier financial institutions, with about $275 billion in assets and
approximately 52,000 employees worldwide, including affiliates. It is also
Canada’s most international bank with more than 2,000 branches and offices in
over 50 countries. Scotiabank is on the World Wide Web at

About Diversinet Corp.

Diversinet is enabling mobile e-commerce (m-commerce) services with its
wireless security infrastructure solutions. The company was confirmed by the
Yankee Group (reference; The Yankee Group Report Wireless/Mobile Technologies,
Vol. 1, No. 7, September 2000, by Emily Williams and David Berndt), as having
the leading product technology for the delivery of end-to-end wireless security
infrastructure solutions to wireless device makers, ASPs and operators,
application software developers and network infrastructure providers. For more
information on Diversinet, visit the company’s web site at


NextCard 2Q/01

Inching closer to profitability, Internet credit card pioneer NextCard reported a second quarter net loss of $14.4 million compared to a $16.6 million loss for the first quarter, and a $24.5 million loss for 2Q/00. The issuer, which recently crossed the one million account milestone, projected a 3Q/01 loss of about $7.5 million followed by a profit in the fourth quarter. NextCard’s acquisition cost per account in the second quarter was approximately $50, an improvement of 48% from the previous year, but up slightly from 1Q/01’s $49 rate. Total managed loans rose 115% to $1.789 billion as of June 30, compared to $829.7 million as of June 30, 2000, and increased 12% over the $1.595 billion in managed loans as of March 31, 2001. The net charge-off rate increased to 4.92% and the delinquency rate (30+ days) rose to 5.25%. NextCard implemented a new credit risk scorecard this year which has improved credit quality. During the second quarter, the Company also launched a new fee-based product, ‘NextCard Credit Expert’, developed in partnership with Experian. For complete details on NextCard’s current and past performance visit CardData ([][1]).

2Q/01 1Q/01 4Q/00 3Q/00 2Q/00
Recv: $1.789b $1.595b $1.312b $1.093b $.8297b
Accts: 1016k 881k 708k 577k 443k
C-O: 4.92% 3.99% 3.10% 2.67% 2.21%
Del: 5.25% 4.75% 3.92% 3.30% 2.68%

Recv- receivables; Accts- accounts; C-O-charge-offs; Del- 30+ day delinquency
Source: CardData (



Diebold 2Q/01

Diebold yesterday reported 2Q net income of $34.3 million on revenue of $423.6 million. Diebold says total worldwide orders for product and service increased in the double-digit range. Significant orders for the second quarter included: a self-service contract totaling close to $20 million for a national financial institution in Brazil; an agreement with a major bank in China for ATMs, valued at approximately $5 million; ATM orders totaling more than $4 million for three financial institutions in the United Kingdom, France and Poland; nearly $2 million in electronic security and drive-up solutions for a major U.S.-based financial institution; and a franchise agreement with Uni-Marts, Inc., to place 240 cash dispensers under Diebold’s ATM Franchise Program. For complete details on Diebold’s current and past performance visit CardData ([][1]).



AOL MovieFone

AOL Moviefone announced that its Web site,, hosted an all-time high of more than 3 million unique users in June, according to Media Metrix. This record-breaking usage represents an 82 percent increase in traffic to the Web site over the past year, reinforcing the consumer demand for Moviefone’s comprehensive online movie information and ticketing services, and solidifying Moviefone’s position as the largest movie showtime and ticketing service online with more than five times the number of users than the next largest movie ticketing site.

AOL Moviefone also announced that it now offers advance ticket sales to more than 8,000 screens, more than doubling its previous offering. With this expansion, now provides consumers with online access to tickets for more than 80 percent of North America’s movie screens that currently offer Internet ticketing capability, through the activation of its previously announced partnership with Additionally, now makes it easier for people to purchase tickets using AOL Quick Checkout and offers users one-click access to showtimes for their closest local theaters from the home page.

Tommy McGloin, senior vice president and general manager at AOL Moviefone said, “ continues to strengthen its lead as the number one site for moviegoers across the country which is a testament to the ease-of-use of Moviefone’s offerings and the consumer demand for online movie information and ticketing services. These new enhancements further our goal at Moviefone of making a trip to the movies easier, more convenient and more enjoyable than ever before.”’s new features include:

Enhanced Ticketing

By purchasing their tickets online for one of the 8,000 movie screens for which now offers advance sales, moviegoers can bypass the ticket lines and avoid the disappointment of a sold out show.’s ticketing pages have also been redesigned to provide consumers with an easy, step-by-step process for building their ticket order, confirming their selections and making their purchase. Once they have completed their purchase, users can also get a map to the theater from Mapquest or a listing of nearby restaurants and bars from Digital City.


Moviegoers will now find a convenient listing of their three closest theaters on the home page and will have one-click access to showtimes for those theaters. In addition, to make their ticketing transactions faster and easier, now offers AOL Quick Checkout. For users who sign up for Quick Checkout, will remember their credit card information for future purchases.

Community Content has introduced new features to help moviegoers pick a movie and to create a community among its users. For example, on the home page users can get a list of the top five most requested movies on Moviefone, giving them an up-to-the-minute sense of what movies people are interested in and one-click access to local showtimes for those movies. Also, Moviefone’s new “Critics’ Island” feature will help moviegoers pick a movie while also allowing them to interact with other users. has selected four regular moviegoers who see movies courtesy of Moviefone and submit their reviews for posting on the site. The rest of’s users get to assess their reviews and vote to “Kick Off” or “Keep” each reviewer. Once a month the least popular reviewer will be kicked off the island and replaced with a new castaway.

About AOL Moviefone

AOL Moviefone, a wholly owned subsidiary of AOL Inc., is the leader in providing online, telephone and wireless movie listings, information, and ticketing to consumers anytime, anywhere. Through its online service, its 777-FILM telephone service, and numerous wireless devices, including Sprint PCS phones, AT&T PocketNet, and Palm handheld computers, the company serves one in every five U.S. moviegoers each week with a complete, free directory of movies, showtimes, theater locations, the ability to purchase tickets, and other content of interest to moviegoers. AOL Moviefone is a part of the AOL Interactive Properties Group.


Protection Deception

Unscrupulous telemarketers continue to peddle worthless credit card loss “protection,” and the Federal Trade Commission continues to work to stop them from doing so. In the latest action, announced Wednesday, the Commission has filed a stipulated final order for permanent injunction against Phoenix, Arizona-based Capital Card Services, Inc. (CCS) and its president Cory M. Harris. Under the terms of the order, the defendants will be prohibited from offering such “loss protection services” in the future and must post a $200,000 bond before engaging in any future telemarketing activities. The order is the result of a complaint brought against CCS and Harris as part of the Commission’s “Operation Protection Deception” law enforcement sweep announced last year.

According to the FTC’s complaint, CCS and Harris violated the FTC Act by selling what was purported to be credit card loss “protection” by: 1) claiming to be calling consumers from, or on the behalf of, their credit card issuers; 2) claiming that consumers could be held fully liable for all unauthorized charges made to their credit card accounts; and 3) falsely representing that the consumers had authorized the purchases for which they were charged. In addition, by making false statements to induce consumers to pay for goods and services in connection with the telemarketing of their credit card loss “protection” programs, the FTC alleged the defendants violated the FTC’s Telemarketing Sales Rule (TSR). In general, it is illegal to represent that any consumer is liable for unauthorized charges on his credit card in excess of the $50 limit set forth by federal regulations.

The final order announced today contains strong injunctive relief. The defendants are permanently banned from engaging in the sale of credit loss or “protection” services. To address the possibility of future law violations, the defendants are prohibited from the specific activities detailed in the Commission’s complaint, including: 1) representing that they are calling from, or on the behalf of, consumers’ credit card issuers; 2) that consumers could be held fully liable for all unauthorized charges made to their credit card accounts; and 3) that consumers had agreed to the purchases for which their accounts had been debited. The order also prohibits the defendants from failing to comply with the TSR. In addition, the order contains broad fencing-in provisions that prohibit misrepresentations about: 1) consumers’ credit-related rights or obligations under the law; 2) any facts that would be material to a consumer’s decision to purchase a good or service; and 3) installment payments for any product or service.

The order also prohibits the defendants from telemarketing any product or service without first posting a $200,000 bond to ensure that consumers would be protected from any future illegal activity. In addition, the order bars the defendants from distributing their customer list to anyone other than FTC or law enforcement personnel, unless ordered by a court to do so.

Finally, while neither CCS nor Harris currently has significant assets, the order contains a $2 million judgment against CCS to allow the FTC to attempt to collect on any corporate assets. The order requires Harris to pay the amount that he does have in a bank account – $4,790. The order also contains standard record-keeping, monitoring and compliance provisions.

The Commission vote to authorize staff to file the stipulated final judgment was 5-0. The stipulated final judgment was filed in the United States District Court in Phoenix, Arizona.


Concord EFS 2Q/01

Concord EFS reported this morning second quarter net income of $71.2 million on revenue of $420.7 million compared to $338.8 million in the second quarter of 2000. Much of the revenue growth was driven by Concord’s Network Services segment, as the company expanded ‘STAR’ network participation and cross-sold processing to current clients. Revenue on the Payment Services side was driven by continuing payment mix shift to electronic alternatives, plus the addition of new merchants. For complete details on Concord’s current and past performance visit CardData ([][1]).



2Q/01 Charge-Offs

All twelve of the nation’s top issuers, with at least $10 billion in receivables, posted higher charge-offs for 2Q/01 compared to last year’s second quarter. As a peer group, charge-offs rose 17.5%, for an average 2Q/01 charge-off rate of 6.32%, according to CardData. Providian and American Express led the group with the highest increase in losses, 38.7% and 29.5% respectively. Capital One and Bank of America reported only a slight increase in charge-offs. Losses for sub-prime specialists, Providian and Metris/Direct Merchants, exceeded 10% for the second quarter. The rise in charge-offs has been attributed to a surge in personal bankruptcy filings this year in anticipation of new legislation and to the softening economy. For complete details on each issuer’s track record visit CardData ([][1]).

2Q/00 2Q/01 CHANGE
1. Citigroup: 4.32% 5.51% +27.5%
2. MBNA: 3.95% 4.82% +22.0%
3. First USA: 5.44% 6.09% +11.9%
4. Discover: 4.21% 4.98% +18.3%
5. Chase: 5.16% 5.54% + 7.4%
6. AmEx: 4.40% 5.70% +29.5%
7. Capital One: 3.97% 3.98% + 0.3%
8. Providian: 7.42% 10.29% +38.7%
9. BofA: 4.84% 4.94% + 2.1%
10. Fleet: 5.78% 6.31% + 9.2%
12. Household: 5.57% 6.82% +22.4%
13. Metris: 9.50% 10.90% +14.7%
AVERAGE: 5.38% 6.32% +17.5%
SOURCE: CardData (



Card Solutions Net

SchlumbergerSema announced the creation of a new national distributor network to better serve the needs of its customers for card-based access and payment solutions in the library, laundry and campus markets. This regionalized approach will provide customers with faster response time, local presence, complimentary services and better coverage for their magnetic stripe card and smart card system requirements. Effective immediately, SchlumbergerSema has appointed Smart Vend Corporation as distributor for the West Coast, Today’s Business Solutions as distributor for the central region, and Trident Solutions as distributor for the southeastern region. The new distribution structure will promote and support card-based technology advancements in libraries, colleges, universities, multi-housing environments, hospitals, prisons and other closed environments. Many operators are turning to card-based solutions as a more cost-effective, convenient alternate to cash. Simple-to-use and easily programmable card solutions help operators to improve cash flow, drive repeat business and decrease operation costs. The industry-leading SchlumbergerSema card-based offer is part of a broad range of stored value and access control solutions for closed-environments that require cashless payments and identification.

SchlumbergerSema is the leading provider of stored value-card solutions for unattended consumer transactions. In North America, the company maintains over 5,000 active prepaid card installations used by more than three million consumers annually.

About SchlumbergerSema

SchlumbergerSema is a leading information technology services company providing IT consulting, systems integration, managed services, products and IP network security solutions serving the telecommunications, utility, finance, transport, oil and gas, and public sector markets. With more than 30,000 employees in 130 countries, SchlumbergerSema is one of two business segments of Schlumberger Limited, a global technology services company. Schlumberger Limited acquired Sema plc in April 2001. In 2000, Schlumberger revenue was $9.6 billion and Sema plc revenue was $2.4 billion. Additional information is available at [][1].



CardLess Credit

Securing online payments and making consumers more comfortable while making online purchases is the vision of two forward-looking companies. SecuGen Corporation, global leader in the development of biometric fingerprint recognition systems, and TouchCredit Financial Services, Inc., provider of state-of-the-art online biometric payment solutions, today announced the formation of a strategic partnership to launch the world’s first-ever Cardless Credit(TM) payment system. Under this agreement, SecuGen’s core fingerprint recognition technology will be integrated into TouchCredit’s proprietary biometric payment system allowing consumers to purchase online products and services securely without the vulnerability of credit cards.

“SecuGen and TouchCredit share a vision of delivering enhanced security solutions to online consumers,” said Tom Pak, Vice President of Sales at SecuGen. “SecuGen is impressed with TouchCredit’s revolutionary line of Biometric Credit(TM) payment solutions, and we’re pleased to count them among our distinctive partnerships. As we work together to integrate our products and services, we are excited to create real world solutions for the online credit and debit market that has recently taken too many hits from fraud and loss,” said Tom Pak.

Together, SecuGen and TouchCredit will give a boost to online consumer spending and confidence by making it more convenient and secure to shop on the web with the new cardless line of credit protected by biometric technology. SecuGen’s fingerprint recognition system, which includes a biometric keyboard and biometric mouse, will be incorporated into TouchCredit’s advanced online payment system to authenticate users, providing an economical way to secure e-commerce transactions for consumers, e-tailers and financial institutions worldwide. Cardless Credit customers will have the unique ability to make purchases across all payment vehicles, including personal computers, mobile devices and personal digital assistants (PDAs) with just the simple touch of a finger.

Fighting Fraud In Cyberspace

The companies’ joint solutions will provide users with the most advanced security features and benefits available today. The payment industry is in need of a new mode of authentication where consumers can shop safely on the Internet. According to Meridien Research (Newton, Mass), online credit card fraud ran to $9 billion last year alone and is growing. The biometric payment system will utilize a real-time automated measurement of unique physiological and/or behavioral characteristics, providing the quickest, most convenient and secure platform to process financial transactions and biometric credit lines across a digital environment. There are no credit card numbers to worry about or credit cards to carry. By using biometrics to confirm the identity of a consumer before a purchase is made, TouchCredit will offer a compelling new way to simplify the online shopping experience for everyone; reducing fraud costs for e-tailers, operating expenses for issuing banks, and interest rates for consumers. “With security issues being a premium concern for online consumers, this joint partnership will provide customers with powerful solutions to the real problems and issues plaguing the virtual world,” said James Uberti, TouchCredit CEO and President. “Future customers will not only benefit from having the most secure online payment system available today, but they will also benefit from the extended features, functionality and cardless freedom that our offering provides, such as having the ability to shop online with just the simple touch of a finger. It is clear that SecuGen’s technology offers the most robust and reliable, yet cost-effective solutions for the global market,” said James Uberti.

About SecuGen Corporation

A pioneer of the biometric industry, SecuGen Corporation develops and markets award-winning optical fingerprint recognition technology worldwide. SecuGen’s products have been integrated into a broad range of applications in Internet, network and desktop security, physical access control and other electronic products. As a trusted source for reliable hardware and software products, including the EyeD family of PC Peripherals and SecuIBAS(TM) for Internet authentication, SecuGen is committed to ongoing research and development in biometrics technology. SecuGen is headquartered in Milpitas, California with manufacturing, sales and development affiliates in Canada, Hong Kong, Japan and Korea.

About TouchCredit Financial Services, Inc.

TouchCredit, the leading provider of Next Generation “Cardless” financial services, is a revolutionary biometric-based financial service company providing credit lines and credit services via a patent pending server-based Biometric Credit authentication payment system. While the Company’s pending patents cover the use of all biometric devices, TouchCredit has selected keystroke dynamics, finger imaging and voice recognition as the initial deployment of systems worldwide. TouchCredit is putting people in touch with their financial security and convenience by utilizing the latest in biometric one-touch credit technology, bringing back an old element of face-to-face human commerce. For more information, the Company can be contacted at [][1] or at +1-310-754-6264.