BioPay to Unveil Paycheck Secure 5.1 at the 2002 FiSCA National Conference and Expo in Washington, DC

Herndon, VA — October 3, 2002

On October 5, 2002, BioPay, LLC will unveil the latest version of its powerful and popular biometric check cashing system, Paycheck Secure 5.1. The new features expand existing robust capabilities, making it even easier for merchants to accurately verify a person's identity and check cashing history. Paycheck Secure helps merchants effectively eliminate fraud and is the most widely used electronic biometric check cashing system in the United States.

Paycheck Secure will be showcased at BioPay's booth (#213) during the FiSCA National Conference and Exposition at the Grand Hyatt in Washington, DC, October 5-7.

New features in Paycheck Secure 5.1 include:

• Multi-check cashing capabilities allow a customer to cash multiple checks during a single transaction.
• Returned item reporting allows merchants to print information on a person who has passed a bad check, including the customer's name, address, photo, check images and other information to help merchants recover funds faster.
• An enhanced MICR warning system alerts store employees of low or false MICR reads, allowing them to cancel the transaction before the check is cashed.
• Fee-rounding capabilities automatically calculate check cashing fees to the nearest dollar for those merchants who do not give change.

Paycheck Secure uses biometric technology to scan a customer's finger, store a template of the image, and then record check transactions associated with that person. Merchants can obtain real-time, negative check transaction information from BioPay's biometric database. Meaning, a BioPay merchant at one location will be immediately alerted to a fraudulent check from any other BioPay merchant in the country. Additionally, merchants access the nation's largest commercial electronic biometric database to help identify fraud artists and check-bouncers when they use Paycheck Secure 5.1.

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.