Cardenas Supermarkets Brings Biometric Check Cashing to Southern California

New Deal Broadens Paycheck Secure's Adoption by the Hispanic Community

Herndon, VA — November 11, 2002

Biometric identification leader BioPay, LLC announced that Cardenas Supermarkets has adopted BioPay's Paycheck Secure to stop check cashing fraud and drive revenue for its stores throughout southern California, including San Bernardino, Riverside and eastern Los Angeles County. Paycheck Secure is the nation's most popular biometric check cashing system and has been used to process more than one million transactions totaling more than one-half billion dollars.

"Getting rid of fraud is something Paycheck Secure has learned well," said Steve Vallance, general manager, Cardenas Supermarkets. "The technology has been rolled out to all our stores and will have a positive impact on our extensive check cashing operations."

"BioPay merchants across the country have seen immediate results with Paycheck Secure," said Tim Robinson, president, BioPay. "The investments these companies have made are paying them back ten-fold — from reaping great financial benefits from reduced fraud losses to increased customer loyalty to streamlined processes."

Paycheck Secure is a voluntary system that uses biometrics to track a customer's check cashing history. If the person is associated with 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.

The check cashing system lets affiliated stores share customer information in real time. This allows store employees at every location to access a customer's enrollment information and check transaction history with a finger scan. There is no need for the customer to enroll at each location.

Cardenas Supermarkets serves predominately Hispanic communities, with each store offering popular check cashing services. Many of their customers are "unbanked" and use the chains' financial services as a means of cashing payroll checks, paying bills and meeting other monetary needs.

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.