SAN FRANCISCO -- Pay By Touch has acquired S&H Solutions and its parent company S&H greenpoints. The purchase price was in excess of $100 million in cash and stock.
S&H Solutions is a provider of customer-based loyalty marketing and retail solutions. The company's real-time marketing technologies include an analytical engine that enables retailers to deliver one-to-one consumer messages in-store through multiple proprietary platforms.
S&H Solutions' suite of services also includes the S&H greenpoints [image-nocss] Reward Program, the digital reinvention of the Sperry & Hutchinson Co.'s Green Stamps. The nation's first loyalty marketing program (circa 1896), 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, CEO of S&H Solutions. "Together we will transform the personalized marketing industry by offering unprecedented opportunities for relevance marketing and customization."
In connection with the S&H acquisition, Pay By Touch also announced that J. Stuart Moore, a director of S&H Solutions, will join the Pay By Touch board. He is also co-founder and director, and formerly co-chairman and co-CEO, of Sapient Corp.
San Francisco-based Pay By Touch is a major provider of biometric authentication, personalized marketing and payment solutions. To date, patented Pay By Touch biometric services enable 3.4 million shoppers to access personal accounts using a finger scan to identify themselves, make purchases and cash checks at 2,700 locations nationwide, it said. It also provides payment processing solutions for ACH (electronic checking), card-present and card-not-present debit and credit transactions for retail clients.
S&H Solutions, Delray Beach, Fla., is a major provider of customer-based loyalty marketing and retail solutions. It offers real-time technology and knowledge that enables retailers to deliver one-to-one messages in-store through multiple proprietary platforms.
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