Pay By Touch Acquires S&H Solutions and Its Greenpoint Program

SAN FRANCISCO - Pay By Touch here, known for its biometric payment systems but also venturing into loyalty systems, yesterday announced that it has acquired S&H Solutions, Delray Beach, Fla., and its parent company S&H greenpoints. The purchase price was in excess of $100 million in cash and stock. S&H Solutions' suite of services also includes the S&H greenpoints Reward Program, the digital reinvention of Green Stamps. The S&H greenpoints program rewards millions of consumers with points for every dollar they spend at participating merchants. "Pay By Touch is the leader in biometric authentication for payments and S&H has built world class loyalty marketing systems," said Ron Pedersen, chief executive officer, S&H Solutions, in a statement. "Together we will transform the personalized marketing industry by offering unprecedented opportunities for relevance marketing and customization."