PAY BY TOUCH WILL RENAME CARDSYSTEMS PAY BY TOUCH MERCHANT SOLUTIONS.

Pay By Touch, which agreed over the weekend to buy CardSystems Solutions Inc., will rename the firm Pay By Touch Merchant Services after combining it with another division, John Morris, Pay By Touch's president and COO, tells CardLine today. Pay By Touch, the San Francisco-based biometrics company, announced Saturday that it will buy CardSystems for an undisclosed price (CardLine Special Bulletin, 10/17). Pay By Touch will combine CardSystems with InterCept Inc.'s Payment Services' division, which Pay By Touch purchased for $30.5 million last year. John M. Perry headed the division before becoming president and CEO of CardSystems. The Atlanta-based merchant processor was the …