Founded in 2002 by John P. Rogers, Pay By Touch aimed to revolutionize the payments industry by replacing credit cards and cash with a secure and convenient fingerprint-based biometric system. The company grew rapidly, acquiring competitors like BioPay, and raised over $340 million from investors. Its service linked a user's fingerprint to their traditional payment methods, such as credit cards and bank accounts, enabling them to pay for goods and services at participating retailers with a simple touch. Despite its initial success and partnerships, the company collapsed abruptly in late 2007 following the unexpected death of its founder, subsequent revelations of his personal and financial troubles, and an inability to secure further funding, leading to its bankruptcy and cessation of all operations in 2008.

Founded in

United States