BioPay Signs on Ten New Resellers

Growing Sales Team Targets Increased Merchant Demand for Stopping Check Fraud

Herndon, VA — March 18, 2002

Biometric identification leader BioPay, LLC has added ten independent sales organizations from seven states to its growing sales team to help meet increased merchant demand for systems that stop check fraud. BioPay's Reseller Network extends BioPay's ability to reach merchants across the United States and offer an effective electronic biometric identification system for check cashing and facilitating financial transactions.

"BioPay offers me and my company an opportunity to sell to an untapped market," said David Bowles, president of San Antonio-based Electronic Transaction Systems. "One of the biggest problems merchants face is check fraud. They need a solution and they need it now. BioPay is the answer, and I can provide it."

"Resellers are an integral part of the BioPay sales team," said Tim Robinson, president, BioPay. "We value their expertise and ability to reach merchants across the country who are lining up for the BioPay system."

BioPay offers a competitive reseller network program. Participants are given the tools for success, including:

• Competitive pricing and optional lifetime residuals
• Sales training
• Qualified lead generation
• Ability to sell a product without competition
• 24 x 7 access to BioPay's Reseller Network Intranet, containing contracts, sales and marketing collateral, presentations and news

BioPay's Check Cashing System

BioPay resellers offer merchants BioPay's market-leading check cashing system. The system electronically scans a customer's finger, stores a template of the finger scan image, and then records check-cashing transactions associated with that person. A customer's negative check-cashing information is stored in a central database and shared between all merchants using the BioPay system. Advanced alert mechanisms warn the clerk of a potential bad check before the transaction is completed, enabling the transaction to be declined before it is processed, saving the store money it may have otherwise lost.

BioPay's check cashing system will be featured at the Electronic Transaction Association's (ETA) conference April 10-12 in Orlando, Florida. Please come by Booth #110 to see a personal demo.

About BioPay, LLC

Since 1999, BioPay has been providing smart, secure methods for processing financial transactions. Its Paycheck Secure systems help businesses substantially reduce fraud and give consumers a convenient method for cashing checks. BioPay's payment service offers merchants a low-cost form of customer payment and gives consumers a secure, fast and convenient way to pay for purchases. BioPay's patent-pending systems for merchants, banks and financial service organizations have been implemented across the nation. BioPay's value to consumers and merchants has created the nation's largest commercial electronic biometric database. For more information on BioPay and its market-leading products please visit www.biopay.com.