Biometric authentication transactions to cease at 11:59:59pm March 19, 2008
SAN FRANCISCO, March 19 /PRNewswire/ -- Solidus Networks, Inc., dba Pay
By Touch, regretfully announced today that it will no longer process
biometric transactions on behalf of its merchant customers and consumer
membership base, as 11:59:59pm March 19, 2008.
On December 14, 2007, Solidus Networks filed for U.S. bankruptcy
protection under Chapter 11. As part of the company's restructuring, it was
determined that the enterprise could no longer support the biometric
authentication and payment system as it currently exists, based on lack of
funding and current market conditions.
Other non-biometric Solidus Networks business units continue on their
current business paths.
Solidus Networks extends its sincere gratitude to the shoppers,
merchants, vendors, investors, partners, and employees who have been
supporting the company's vision since its first biometric payment
transaction in 2002.
SOURCE Solidus Networks, Inc.
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Related links:
http://www.paybytouch.com
CONTACT:
Shannon Riordan of Pay By Touch,
+1-415-281-2200
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