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Failure Story: What Happened to Pay By Touch?

A wonderful technology of the future, but poor vision to back it up led to the downfall of a startup. This was the story of ‘Pay By Touch’; a company that offered innovative retail payments processing through Biometrics. In 2002, a technology based startup ‘Pay by touch’ received funding of $340 million from billionaires like Gorden Getty, Ron Burkle, and other prominent members of society like the ...

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