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Subject: Driver's Lic
Date: Fri, 07 Oct 2005 00:45:36 +0000
OK folks,
Here is an article that exposes the crap that most of the
country is
allowing. The following is a quote from a yahoo news article.
Then,
there is the link and for your convenience, the article itself.
This
is why my pastor and those who want to join him are fixing to
sue
the DMV. Notice the GOVERNMENT
IDENTIFICATION!!!!!!!!!!!!!!!!!!!!!!!
Your stinking DRIVER'S LICENSE !!!!!!!!!!!!!!!!!
Stand by and watch or join us in the fight. A successful fight
in WV
would set precedent for the nation.
Phil
“Here's how it works: Customers sign up once, by registering a
checking account or a credit card, and showing government
identification such as a driver's license.”
http://news.yahoo.com/s/sv/20051004/tc_siliconvalley/_www12814398
By Matt Marshall, Mercury News Tue Oct 4, 9:04 AM ET
A San Francisco start-up, Pay By Touch Solutions, is expected to
announce today $130 million in fresh financing for a novel way
of
paying for groceries and other goods and services: a machine
that
reads your fingerprint.
ADVERTISEMENT
The capital raised -- $55 million of it in convertible notes and
$75
million in loans -- will help the company build out its
finger-reading payment systems at several nationwide retailers,
including in California in the first quarter of next year.
The company has already rolled out its so-called ``biometric''
payment system in a ``couple of hundred'' stores, mostly on the
East
Coast.
Here's how it works: Customers sign up once, by registering a
checking account or a credit card, and showing government
identification such as a driver's license. The Pay by Touch
technology records the lines and ridges of their fingerprints,
and
translates the data into a numerical algorithm that is stored in
a
secure database. The customers thereafter never have to carry a
wallet or purse back to the store, and can use their finger to
pay
for goods across the Pay By Touch network, which now includes
stores
in 10 states.
Most recently, Pay By Touch announced the system had been
implemented across 85 stores in the Piggly Wiggly Carolina
grocery
chain. The company has also signed a half-dozen contracts with
other
supermarket chains, including two of the top five in the
country,
said John Morris, president and chief operating officer.
The goal, said Morris, is to be the dominant player in the
biometric
transactions area.
Installing the hardware costs a couple of hundred dollars per
lane,
said Morris, for which capital needs to be raised upfront. Pay
By
Touch is sharing the cost of each installation, and it gets a
fee
per transaction of between 12 and 14 cents, he said.
That is cheaper than what stores pay for alternative payment
methods, he explained. A credit card transaction typically costs
a
store about 60 cents for an average $25 purchase of groceries. A
debit card costs a store about 50 cents, and a paper check costs
39
cents. Even cash costs a store about 19 cents, after things like
handling, shrinkage and the cost of an armored car are factored
in,
he said.
Pay By Touch will also help manage discount and other store
loyalty
programs. Customers will be able to swipe their finger into a
device
at restaurants and see the meals they have already purchased,
and
waiters can offer them deals based on their preferences and so
on,
said Morris. The company also wants to introduce the system to
the
health care arena so that patients can use it for payments and
records.
Executive Vice President Gus Spanos said the company sought the
large financing on the assumption that there was interest in
funding
such a deal. ``The capital markets were very open to us,'' he
said.
The secured-note backing was led by New York's Och-Ziff Capital
Management. San Francisco-based Farallon Capital Management and
Plainfield Asset Management also invested. UBS Securities acted
as
agent for Pay By Touch Solutions.
The convertible preferred notes were offered by the Getty
Trusts,
Ron Burkle -- founder and managing partner of the Yucaipa
Companies
-- and Rembrandt Venture Partners, among others.
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