StoreNext and Pay By Touch Team On Independent Grocers

Under the agreement, StoreNext, through its nationwide dealer network, will resell the Pay By Touch store-level hardware, software and interfaces to independent retailers in conjunction with StoreNext point-of-sale (POS) systems. StoreNext dealers also will provide ongoing service and support for the systems. Data and transactions from the independents’ POS systems are processed through StoreNext’s Connected Services suite of Internet-based store management applications, further lowering independents’ networking costs.

“Independent grocers need ways to lower payment transaction costs while giving shoppers faster and more convenient service. Pay By Touch makes low-cost biometric payment easy for shoppers while providing outstanding security,” said Ray Carlin, president and CEO of StoreNext. “This agreement makes this state-of-the-art biometric technology accessible to regional chains and independents, and it represents an important step in the evolution of our Connected Services offering.”

Pay By Touch makes the checkout process faster, more convenient and more secure by eliminating the need for shoppers to present cards, checks or cash at the point of sale. When checking out, shoppers simply touch a biometric sensor and enter a Personal Search number to authenticate their identity and link to their financial and loyalty accounts. Pay By Touch also provides merchants with a quick, precise way to verify age. Already, more than 3.5 million members are using Pay By Touch in 3,000 stores across 44 states, the UK and Singapore.

“With StoreNext’s installed base nearing 10,000 systems, our agreement becomes a watershed event for the industry. Together, we are empowering independent retailers to integrate, implement and merchandise secure, biometric payment options for consumers – a clear competitive advantage,” said John Rogers, founder, chairman, and CEO of Pay By Touch. “The ever-increasing cost of card-based payments puts smaller grocers among the greatest beneficiaries of our services. Pay By Touch and StoreNext with Connected Services provide quick checkout, shopper convenience, dramatically lower costs and reduced fraud all at once.”

StoreNext will market Pay By Touch as a complete plug-and-play solution, which includes StoreNext’s ISS45 or ScanMaster POS system and the WinEPS electronic payments system. The MTXEPS, Inc. WinEPS system is the core payment engine used by many major retailers and independents throughout North America.