BI-LO Extends Agreement with BioPay, Creating the Nation's Largest Retail Implementation of Biometric Identification Systems

BioPay's Paycheck Secure Will be Offered in 176 BI-LO Stores

Herndon, VA — November 10, 2003

Officials at BioPay, LLC today said BI-LO will be using BioPay's market-leading Paycheck Secure biometric check cashing identification system in 176 supermarket locations throughout the southeast. The multi-store deployment was a result of a successful 26-store pilot program that began in June. By Thanksgiving, Paycheck Secure will be available at BI-LO stores in Georgia, North Carolina, South Carolina and Tennessee, creating the nation's largest implementation of biometric identification systems within a single chain of stores.

"BioPay has delivered on its promise to reduce BI-LO's losses to fraudulent checks," said James Wiles, BI-LO Loss Prevention Director. "Putting Paycheck Secure in other BI-LO locations allows us to further this success and drive check fraud out of other stores."

"Expanding its relationship with BioPay demonstrates BI-LO's commitment to offering superior customer service and its dedication to eliminating fraud," said Tim Robinson, President, BioPay. "Together, BioPay and BI-LO are winning the battle against check fraud."

About Paycheck Secure

Paycheck Secure uses biometric technology to electronically capture a customer's finger image, store a template of the image, and then record check transactions associated with that person. To date, more than 4.5 million check cashing transactions worth more than $2 billion have been completed using Paycheck Secure. And, BioPay has created the nation's largest commercial electronic biometric database.

When a customer cashes a check for the first time, the person gives the BI-LO clerk his/her driver's license for inputting into the BioPay database. At the same time, the customer's two index fingers are scanned and an electronic photo is taken of the customer. All information is stored within BioPay's biometric database.

When a subsequent check is presented, the customer places their finger on the biometric reader. Paycheck Secure then searches for a match, identifies the customer and delivers to the BI-LO clerk a history of transactions associated with that person. If the person has any negative transactions with any other BioPay merchant in the country, advanced alert mechanisms warn the clerk, enabling the transaction to be declined before it is processed, saving BI-LO money it may have otherwise lost. A customer with a history of positive transactions allows BI-LO to cash the check with confidence.

About BI-LO

BI-LO, with headquarters in Mauldin, SC, operates 300 supermarkets in the Carolinas, Georgia and Tennessee, and employs 27,000 associates. BI-LO believes in offering safe, wholesome, high quality foods in clean, modern and attractive stores is the foundation for consumer confidence.

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.