Press Releases

For Immediate Release

Think to Exhibit at National Retail Federation BIG Show 2010

NEW YORK, NY -- January 11, 2010 -- In the wake of several recent articles in The New York Times about the hidden dangers of credit card processing fees, Think Computer Corporation today announced that the company will exhibit at the National Retail Federation convention and exposition January 11-12 at the Jacob K. Javits Center in New York City. Think will be previewing its new mobile payment system, FaceCash, which lets consumers purchase goods and services with a smartphone (such as an iPhone or BlackBerry).

Think FaceCash will provide the first real alternative to plastic debit and credit cards for the American consumer. For merchants, the main advantage to FaceCash is that it costs less--a lot less. Fees for each purchase are anticipated to be only 1.5% of the total transaction. Since FaceCash relies on an internet-based payment network and not the traditional credit card interchange, there are no other hidden fees or added costs.

The FaceCash system is designed to be substantially more efficient and secure for consumers as well as merchants. Unlike plastic cards, FaceCash will track every line item on each purchase for both the buyer and seller, and with FaceCash, simple facial recognition replaces the outmoded card signature as the de facto standard for identity verification. Think plans to launch FaceCash in 2Q 2010 with support for iPhone, BlackBerry and Android smartphones. A phone will not be required to use the system.

Visit booth 2824 at the NRF BIG Show at the Jacob K. Javits Center on January 11-12, 2010 to see a live preview of FaceCash.

About Think

Think was founded in 1998 with the long-term goal of developing simple, useful computer software. Today, Think's web-based programs take advantage of cloud computing to help businesses large and small manage their daily operations from accounting to sales and marketing. Think is on the web at http://www.thinkcomputer.com.