Retalix (Nasdaq: RTLX; TASE: RTLX) and Pay By Touch last week announced an alliance to integrate Pay By Touch's biometric authentication payment system with Retalix's point of sale solutions for grocery retailers.
Retalix provides integrated enterprise-wide software solutions for the food and consumer goods retail and distribution industries worldwide. Retalix's StoreLine solution is installed in over 25,000 sites around the world.
Pay By Touch has patented a consumer biometric authentication payment system that allows shoppers to pay for purchases with a simple finger scan linked to their financial accounts.
The partnership between Retalix and Pay By Touch expands the biometric payment service offering into new vertical markets. Through this partnership, grocery retailers will be able to integrate the Retalix StoreLine software with the Pay By Touch consumer biometric payment service, providing shoppers the option of paying for goods with the touch of a finger.
Pay By Touch Solutions is the only company that has more than two-dozen US issued patents covering biometric transactions.
In addition to improving the efficiency of the payment process, Retalix's integration with Pay By Touch will provide retailers with a faster, more convenient method of linking to loyalty programs and validating a consumer's age for restricted products such as lottery tickets and alcohol, all of which will help to reduce the amount of time spent at checkout.
Published by Globes [online], Israel business news - www.globes.co.il - on Sunday, September 25, 2005