HERNDON, Va. — Phoenix Check Cashing Inc. announced yesterday that it has completed the purchase of the BioPay Paycheck Secure business, based here, from Pay By Touch, San Francisco, which had acquired the business in early 2006 as part of multiple acquisitions in the biometric payments and financial services sectors. “We are very excited about re-energizing this business,” said Jon Dorsey, chief executive officer of BioPay Paycheck Secure, in a statement. “We look forward to leveraging the product’s legacy as the market leader in fingerprint authentication of check cashing transactions.” Phoenix Check Cashing is a company formed by the BioPay management team and investors to acquire the business from Pay By Touch.
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