VeriStar, formerly known as SmartTouch, Inc., holds extensive patents on biometric technology applications and processes. The firm has developed a proprietary service enabling consumers to make payments without cash, checks, or cards by using their pre-registered biometric ID (finger images, voice prints, etc.) that link them to their personal financial data.

Initially, VeriStar will focus its technology and programs on multi-lane retail applications such as supermarkets and chain stores. At the core of VeriStar is a database containing each registered consumer’s biometric ID, as well as their personal financial information, such as checking, credit card or debit account data. VeriStar’s service will allow consumers to make purchases via wireless devices, at retail locations, or on the Internet, simply by touching a finger to a scanner or a screen, or speaking to confirm their identity. This service is protected by multiple layers of encryption and security.

In addition to its investment, Aether will work with VeriStar to define industry standards for m-commerce.