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Pay By Touch goes on buying spree

December 27, 2005

The Green Sheet:Following $130 million of new financing in October 2005, Pay By Touch has been on a buying spree. Since October the company has purchased or announced plans to buy five other companies, including the beleaguered third-party processor Card Systems Solutions Inc., for which Pay By Touch outbid CyberSource Corp. (Read related stories ...)

In December Pay By Touch bought three loyalty and rewards program-related companies, and announced plans to buy competitor BioPay LLC.

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