The Virginia Trade Association Endorses BioPay, LLC and Paycheck Secure

Herndon, VA — April 28, 2003

Biometric payment leader BioPay, LLC, announced that the Virginia Trade Association (VTA) has endorsed it as the preferred provider of biometric payment solutions. Its Paycheck Secure system has also been endorsed as the preferred system for securely cashing payroll checks and increasing customer convenience. As part of the endorsement, VTA will recommend BioPay to all of its members across Virginia.

"Our endorsement results from BioPay's consistent ability to help companies run their businesses better," said Ali Kabani, secretary and treasurer, Virginia Trade Association. "BioPay's Paycheck Secure biometric check cashing system has routinely demonstrated that it can help businesses reduce losses from check fraud. We encourage others to adopt the system and join a growing list of businesses across the country in their determination to wipe out fraud."

"BioPay's system also gives businesses a tool for increasing customer convenience. With Paycheck Secure, clerks can quickly verify a customer, even without an ID, and cash their check, so the customer can be on their way. People are in and out the door quicker and that makes them and me happier."

"BioPay strives to deliver solutions that meet merchant demands, so we are extremely pleased that the Virginia Trade Association has determined that we meet their high criteria," said Tim Robinson, president, BioPay.

About Paycheck Secure

Paycheck Secure uses biometric technology to electronically capture a customer's finger scan, store a template of the scan, and then record check transactions associated with that person.

When a check is presented, a return customer places their index finger on the electronic reader. Paycheck Secure verifies the customer and then delivers to the merchant a history of transactions associated with that person. If the person has any negative transactions, advanced alert mechanisms warn the clerk, enabling the transaction to be declined before it is processed saving the store money it may have otherwise lost. A customer with a history of positive transactions allows the merchant to cash the check with confidence.

About the Virginia Trade Association

Since 1998, the Virginia Trade Association has been working to offer members competitive opportunities and services that promote better business. The Richmond-based association represents convenience store owners across the state and is a member of the National Alliance of Trade Associations.

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.