SAN FRANCISCO — Pay By Touch, provider of biometric authentication, loyalty, membership and payment solutions, announced in a news release it has acquired Capture Resource, supplier of integrated reward programs and business process outsourcing solutions. The deal contributes to the growth of Pay By Touch by beefing up its customer base and adding yet another layer to its already robust loyalty offering.
"Capture Resource's intellectual property, customizable loyalty programs, technology and consumer-friendly kiosks bring significant value to Pay By Touch and will help continue to grow our unique loyalty offering," said John Rogers, founder, chairman and chief executive officer of Pay By Touch. "Together, our companies' complementary solutions and expertise will accelerate the growth of Pay By Touch and help our customers boost their bottom lines."
Under the terms of the deal, Pay By Touch will assume responsibility for all of Capture Resource Inc. assets and will manage the company's 120 million-plus consumer loyalty enrollment profiles, including more than 12,000 supermarkets and retail institutions. In addition to increasing the Pay By Touch customer base, the acquisition brings integrated rewards solutions and business processing solutions to Pay By Touch customers — especially in its core growth areas: grocery store chains, credit card issuers, healthcare providers and financial transaction processing companies.
