Missouri Store Now Accepts BioPay

Express Mart-Arnold is First in State Offering Biometric Payments

Arnold, MO — August 9, 2005

Missouri residents can now conveniently and securely pay for goods with just their finger at Express Mart-Arnold in Arnold, Missouri using technology from biometric payments leader BioPay, LLC. The service is the first of its kind in any retail store in Missouri. Express Mart-Arnold, part of a 10-store chain, chose to implement BioPay to give their check writing, credit card, and debit card customers greater convenience when making a purchase. An important benefit has been a reduction in Express Mart's payment processing costs.

"With BioPay Payments, we are increasing convenience for our consumers while lowering our costs," says Kal Abhari, Managing Director, Express Mart-Arnold, LLC. "BioPay costs us 67% less than processing a credit or debit card transaction, and we can pass that savings along to the consumer."

The BioPay system uses a person's unique finger image and their chosen BioPay number (usually a phone number) to authorize a secured debit direct from their checking account. The one-time enrollment can be completed at any merchant that offers the biometric payment service, and the entire process takes less than two minutes. Once enrolled, the customer can purchase in seconds with their finger at any BioPay Payments location across the United States. The BioPay service is free to the consumer.

Many retailers across the country are choosing BioPay to give their check writing and credit/debit customers greater convenience when making a purchase. As a result, retailers are experiencing a dramatic reduction in payment processing costs.

Tim Robinson, President of BioPay, agrees. "Our goal is to provide the convenience of a secure, wallet-less world where consumers feel secure that none of their personal information is being 'left behind' at the time of transaction," says Robinson. "We also believe that retailers pay too much in credit and debit card fees, and BioPay solves that problem. With low flat-fee-per-transaction pricing, BioPay is dramatically less expensive than Visa's typical two percent fee."

About BioPay

With over 1.9 million registered consumers, BioPay's customer adoption proves that the time for biometrics is now. Over 1,400 merchant locations are using one or more of BioPay's smart, secure methods for processing financial and other transactions requiring identification such as payroll check cashing, loyalty programs, age verification and stored value programs. BioPay's payment service offers merchants a low-cost form of payment and gives consumers a convenient, secure and quick way to pay for purchases. BioPay's patent-pending systems for grocers, convenience stores, gas stations, liquor stores and other retailers have been implemented across the nation. For more information on BioPay and its market-leading products, please visit www.biopay.com.