SAN FRANCISCO – Biometrics solutions provider Pay By Touch now offers retailers the ability to electronically deposit checks with the touch of a button, according to a press release.

Paycheck Secure 8.0, an upgrade from the previous version of Paycheck Secure, enhances existing technology by improving speed of service, making transactions more secure and providing faster access to funds.

“Paycheck Secure is a win-win for consumers and retailers," said Pay By Touch Chairman and CEO John Rogers, adding, “Paycheck Secure retailers are improving their bottom lines and becoming more competitive through quicker check cashing and a streamlined business process.”

The release notes that Paycheck Secure 8.0 “makes it easy for retailers to comply with federal check cashing-related laws by automating some of the reporting required from any check cashing business.”

The “Check 21” feature of Paycheck Secure 8.0 also allows retailers to deposit checks by using electronic images instead of paper checks, therefore eliminating frequent trips to the bank to make deposits.