Innovative Card Technologies Inc fka INVC

[ranger8]

Thanks for that info Stormy. I think shares are scarce and that bodes well for next week. Not a huge short position but significant enough to move the stock if people start to cover.


Buy like heck when no one wants it, and sell when they can't get enough.

[StormyMonday]

MAN O MAN, those nasty MM's were selling very little on the offer
I ended up with 8.7k shares only and had to buy on the offer. Your right Monday this sure can explode.



Message me if you can figure out this market.

[ranger8]

Nice solid day...Monday will be more of the same IMO.

[ranger8]

Looking real strong Stormy.Does not take much buying to make this move.

[StormyMonday]

There has been no pull back here at all.So far filled 7k total today

[StormyMonday]

I put a 15k bid in @ $1.15 but no fill. The offers are thin all the way to $1.87 so far the mm's only sold me 4k shares under $1.20. This is one heck of a fantastic technology great info on incard.com

[ranger8]

She's gonna blow!!! looking good!

[ranger8]

I agree Stormy. With just a liitle more volume coming in, this is going to rock. This is definitely a sleeper.

[StormyMonday]

Its gearing up for a nice run. Bank Of America has 20 Million online customers and is VISA biggest shareholder. NICE!

[ranger8]

Looks like it wants to run! With a little more volume coming in this will take off.

[ranger8]

This is Eric David & Sons latest pick.....looks like it could be another runner,

July 31, 2008 closing price: $1.08
Innovative Card Technologies (NASDAQ:INVC)
52 Week High: $4.25 (08/03/07)
52 Week Low :$0.68 (07/23/08)
Shares Outstanding: 25.5 Million
Public Float Approx: 18.1 Million
Short Interest: 132,500
Market Cap: 31 Million
EDS Rating: Aggressive Strong Buy
Accumulate for Short – Long term gains

Dear Readers,

I have been looking far and wide to bring you this incredible company. I have spoken with the CFO and we are preparing to conduct and publish a text interview for this weekends Sunday night feature presentation. It is very important that you read through the entire website www.incard.com and do your due diligence & research. I feel that you will agree that INVC will be A Company on the road to quick success and my feeling is this interview will just confirm my views on this next Wall Street Darling.

A High-Tech Card Maker Aims for 'Holy Grail' of Transaction Cards

Innovative Card Technologies Inc., a 15-year-old maker of high-tech bank cards, expects to have pilots under way with U.S. financial institutions by the end of September for its primary product, a credit-card-sized device that generates a one-time pass code for online transactions. Steven R. Delcarson, chief executive of the Los Angeles-based company, tells Digital Transactions News the pilots, which will involve unnamed Visa Inc. and MasterCard Worldwide banks, will start with bank employees but rapidly progress to customers. A commercial product for the U.S. market, he says, is likely in 2009. "All indications are that in the first half of next year there will be real deployments starting to happen," Delcarson says.

With headlines appearing nearly daily about online fraud, data breaches, and skimming of debit card PINs and account numbers, banks are showing signs of wanting to act fast on transaction security, Delcarson notes. Banks are also looking to convert increasing numbers of customers to the lower-cost online channel, which is putting more pressure on the institutions to beef up security. All of this, Delcarson says, is creating nascent demand for Innovative's ICT DisplayCard, which features a window in the upper right hand corner that displays the six-digit one-time code to authenticate each transaction. "There's strong interest and urgency to get to market with this," he says of the expected pilots.

With one-time pass-code authentication, a consumer making an online transaction uses a device to generate a code that is good for that transaction only. To authenticate himself as the owner of the card, he enters the code displayed by the device. The code, if authentic, should match one generated by the e-commerce vendor. Up to now, most of these devices have been key fobs, such as those from RSA or VeriSign Inc., rather than credit card form factors.

Innovative's product, which contains a battery, one or more chips, circuitry, and other components in a card with the same dimensions as a mag-strip card (including thickness), is already in commercial use with Charles Schwab & Co. Inc. for online brokerage and with banks overseas for online banking. Most recently, Innovative signed a deal with card-manufacturer Gemalto to supply an undisclosed number of cards that Gemalto will customize for its clients. Innovative has similar arrangements with more than a dozen other companies, including RSA and VeriSign, which this spring began supplying Innovative's card to PayPal Inc. for customer use. In April, EMC Corp., RSA's parent company, invested $5 million in Innovative.

Delcarson hopes the planned pilots will help his company establish the case for card-based authentication with one-time pass codes (OTP) in the U.S. as well as for his card as a mainline transaction device. Innovative's largest U.S. banking client is Bank of America Corp., though Delcarson will not reveal the institutions that will be participating in the pilots. "What I see as the Holy Grail is turning [the DisplayCard] into an ATM or debit card," he says. "It's the Holy Grail because of the massive market opportunity. Think of all the people who have a bank card in their pocket. It's a pervasive form factor." He argues the ubiquity and convenience of cards will lead banks to prefer cards to key fobs for OTP authentication.

The company faces some challenges. It is running in the red, having racked up a $1.96 million loss in the first quarter, though this is down from $2.21 million in the year-ago period. It had $217,000 in revenue, nearly all of it from sales of the DisplayCard. "Our continued existence is dependent upon our ability to generate sales of the ICT DisplayCard or, if we are unable to do so in sufficient quantity to cover our expenses, to obtain additional financing," the company notes in its first-quarter report to the Securities & Exchange Commission.

Another issue could be the cost of the DisplayCard. Delcarson refuses to say what the manufacturing cost is, but notes that resellers price it between $17 and $50 apiece, compared to around 50 cents for a conventional mag-stripe card. Delcarson argues that the cost will fall over time. He also argues that banks will have to be prepared to make larger investments to fend off fraud and to shore up consumer perceptions of security. "If banks truly want to incorporate security for the customer, that's a whole new mindset [for them]," he says. Banks could recoup at least some of the cost through annual fees or by selling the card to customers, he says.

Customers who want peace of mind, he says, will pay a reasonable fee. "If they charge me $25, I'm going to pay $25," says Delcarson, who says he was himself once the victim of a hacker who used his online-banking credentials to steal thousands from his account.

[asset_pricing101]

RSA agreement should be good for INVC. The other side of it is that it pretty much guarantees that RSA acquires INVC's intellectual property should INVC fail.

[kmx_swing]

Ownership news

Prosodie S.A.:

(a) Amount beneficially owned:
3,510,256 shares of common stock

(b) Percent of class:
12.3%. This percentage is based on 28,433,116 shares of common
stock reported as outstanding in the issuer's Form 10-QSB filed with the SEC on November 19, 2007

[lmialover]

Thats great news kmx,looking forward to a nice 2008.

[lmialover]

Working with VRSN.From earlier this year.

Mountain View, CA and Los Angeles, CA – May 1, 2007 – VeriSign, Inc. (NASDAQ: VRSN), the leading provider of digital infrastructure for the networked world, and Innovative Card Technologies, Inc. (NASDAQ: INVC), developers of the ICT DisplayCard for e-banking, e-commerce and data access authentication, today announced an agreement that will make it easier than ever for financial services providers and retailers to issue and accept payment cards embedded with one-time-password (OTP) authentication to protect their online transactions from e-fraud.

Now companies that fortify their online commerce applications with VeriSign Identity Protection (VIP) can leverage the ICT DisplayCard, a revolutionary new “smarter” payment card with built-in identity authentication. The ICT DisplayCard integrates the security of a one-time password token into a card the size of a standard credit or debit card. At the push of a button on the back of the card, an integrated display shows a password that changes with every transaction. During an online transaction, this number is entered into a user interface with other information (such as the user’s static PIN and login name) for multifactor authentication.

By integrating the ICT DisplayCard with VIP, the two companies will add a convenient, portable and user-friendly new token form factor to the VeriSign’s growing authentication network.

“For businesses to inoculate themselves against online fraud, they must make it convenient for consumers to authenticate their identity with every transaction,” said Fran Rosch, vice president, Authentication Services, VeriSign. “Integrating the ICT DisplayCard with VIP gives our customers more protection than ever, and illustrates VeriSign’s commitment to offering the latest methods of authentication in form factors that accommodate the way consumers live.”

VIP is a comprehensive suite of identity protection and authentication services that enable consumer-facing applications to provide a secure online experience for end users at a reasonable cost. It enables both invisible security through VIP Fraud Detection Services as well as more visible security through VIP Authentication Services. To minimize costs and maximize security by sharing intelligence and resources, VIP Authentication Services is backed by the VIP Network which allows for the sharing of a single security credential across multiple websites.

“VeriSign’s extensive experience securing digital transactions make them a strong addition to InCard’s partner network,” said John A. Ward, III, InCard Technologies’ Chairman and CEO. “We look forward to providing VeriSign’s clients with an additional layer of strong authentication in the best possible form factor for one-time passcode generation – a card that fits in a wallet.”

[olebrookmiss]

I ran across this stock just yesterday. After visiting their website and yahoo business I thought that they may have some potential. But it appears that they are completely off of the radar. I haven't had time to due any DD other than the above. So any answers would be appreciated. It is my understanding that they received an influx of funds recently. Where did these funds come from? Was it a business to business transaction? I have heard rumors of a joint venture or maybe an aquisition with another company. Has anyone found this to be possible?

TIA

[kmx_swing]

Innovative Card Technologies Announces Receipt of NASDAQ Letter Regarding Compliance With NASDAQ's Independent Director and Audi




Innovative Card Technologies, Inc. (NASDAQ:INVC), developers of the ICT DisplayCard for e-banking, e-commerce and data access authentication, announces that it received a letter from Nasdaq Listing Qualifications stating that the Company had regained compliance with the independent director and audit committee requirements for continued listing on The Nasdaq Capital Market. The determination follows the Company’s Annual Meeting vote on December 21, 2007 approving the new slate of six independent directors.

About Innovative Card Technologies Innovative Card Technologies, Inc. (NASDAQ:INVC) was founded in 1993 to add functionalities to payment cards. The Company’s suite of ICT DisplayCards enable dual-factor authentication in a convenient card form. The cards can be configured to offer RFID physical access or payment capabilities, and feature a screen powered by an integrated battery, circuit, and switch. This screen displays a one-time password to verify the presence of the card during online and voice transactions or data systems login. www.incardtech.com.

This press release contains forward-looking statements which are commonly identified by words such as "would," "may," "will," "expects," and other terms with similar meaning. Forward-looking statements are based on current beliefs, assumptions and expectations and speak only as of the date of this release and involve risks and uncertainties that could cause actual results to differ materially from current expectations. The material factors and assumptions that could cause actual results to differ materially from current expectations include, without limitation, the following: ICT DisplayCard adoption, ICT DisplayCard further testing and certifications, dependence on a limited number of suppliers and their capacity, full scale production of the ICT DisplayCard, and limited capital and liquidity. Innovative Card Technologies, Inc. refers interested persons to its most recent Annual Report on Form 10-KSB as amended by Form 10-KSB/A and its other SEC filings for a description of additional uncertainties and factors that may affect forward-looking statements. Forward-looking statements are based on information presently available to senior management, and Innovative Card Technologies has not assumed any duty to update any forward-looking statements.

[lmialover]

Looks like another nice day setting up.

Shes headed to 4 folks IMHO.

[lmialover]

Press Release Source: Innovative Card Technologies


12-Button Credit Card Embedded Authentication Device from Innovative Card Technologies & Emue Technologies Garners Top Award and Technical Achievement Award from International Card Manufacturers Association (ICMA)
Tuesday October 23, 8:00 am ET
Wafer-Thin, State-of-the-Art Device Which Allows for Secure, Reciprocal Online, Phone and Email Banking Authentication Is Recognized with "Judge's Choice" and "Technical Achievement" Elan Awards at ICMA Expo


LOS ANGELES--(BUSINESS WIRE)--Innovative Card Technologies (NASDAQ:INVC - News) and Emue Technologies, co-developers of the 12-button Credit Card Embedded Authentication Device for secure online and phone banking, today announced that the International Card Manufacturers Association (ICMA) has named the breakthrough security device the winner of the top honor “Judge’s Choice” Élan Award and winner of the “Technical Achievement” Élan Award. Presented at ICMA’s Annual Card Manufacturing and Personalization Expo, held October 14-17 in San Diego, the Élan awards recognize card design innovation and technical achievement in the card manufacturing industry, and are judged by an independent panel of ICMA associate members, industry notables and international journalists.
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“To win both the distinguished ‘Judge’s Choice’ and ‘Technical Achievement’ ICMA Élan Awards is indeed a great honor, and a testament to the level of innovation and vision that our partner Emue Technologies and our founder and chief strategist Alan Finkelstein and team of engineers have aspired to from day one,” said Steven R. Delcarson, InCard Technologies CEO and President. “We are very pleased that the Credit Card Embedded Authentication Device was considered a top innovation in the next generation of credit cards.”

The Credit Card Embedded Authentication Device features a 12-button keypad and embedded alphanumeric display and microprocessor, integrated into standard payment card form. The card has a number of authentication ‘modes’ for use in online, phone, or ATM transactions. For example, a user can enter his or her secret PIN into the card’s keypad to receive a numeric passcode for one-time use. To authorize a banking transaction, the passcode is entered into an interface and instantly validated by an authentication server. This process removes the need to enter a PIN into an unsecure device such as a web browser.

“By leveraging InCard’s superior technical experience we have been able to create a world-first device that combines payment card and authentication technologies in a single device that consumers can carry in their wallets,” said Brendan McKeegan, CEO of Emue Technologies. “We believe our solution, which incorporates multiple transaction signing and authentication capabilities, is unique in its ability to mitigate the full range of threats across multiple business channels.”

Security and authentication were emphasized during the ICMA Card Manufacturing and Personalization Expo, a global event which brought attendees from over 300 card manufacturing industry companies from more than 27 countries, and over 40 exhibits. Reflecting advancements and breakthroughs in technologies, production innovations and market trends, this year’s Expo addressed the industry’s move from cards that are simply plastic with magnetic stripes to sophisticated, high-technology security devices for a wireless world, and also featured innovations in non-secure, I.D. and gift cards.

“Our Expo theme this year was ‘An Ideal Climate for Card Innovation’ and this entry certainly exemplified innovation. This consumer-friendly piece of plastic is in actuality a complex, highly sophisticated security device which made it one of the most standout card innovations manufactured this year,” said Jeffrey Barnhart, Founder and Executive Director of ICMA.

The Credit Card Embedded Authentication Device will make its consumer debut at Cartes & IDentification 2007, a world-leading event in digital security, smart card and identification, held in Paris November 13-15, 2007. In addition to the pair of ICMA Élan Awards, the breakthrough security device garnered a 2007 Tomorrow’s Technology Award by The Info Security Products Guide Awards which recognize and honor excellence in all areas of information security, in August 2007.

About Emue Technologies -- Emue has redefined the authentication landscape through the introduction of a suite of solutions that allow consumers to identify themselves without the need to provide credentials to an un-trusted source. Emue's solutions include a number of world firsts including a ‘Reciprocal Authentication’ process which ensures the legitimacy of both parties involved in a transaction and an authentication device with keypad, display and microprocessor embedded in an ISO compliant credit card. For more information visit: www.emue.com

About Innovative Card Technologies

Innovative Card Technologies (NASDAQ:INVC - News) was founded in 1993 to add functionalities to payment cards. InCard’s suite of ICT DisplayCards enable dual-factor authentication in a convenient card form. The cards can be configured to offer RFID physical access or payment capabilities, and feature a screen powered by an integrated battery, circuit, and switch. This screen displays a one-time password to verify the presence of the card during online and voice transactions or data systems login. www.incardtech.com.

About International Card Manufacturers Association (ICMA) -- Based in Princeton Junction, NJ, ICMA is a non-profit association of plastic card manufacturers, personalizers and related industry participants. With more than 200 members globally, the ICMA acts as a clearinghouse for industry issues, including the production, technology, application, security and environmental issues of plastic cards.

This press release contains forward-looking statements which are commonly identified by words such as "would," "may," "will," "expects," and other terms with similar meaning. Forward-looking statements are based on current beliefs, assumptions and expectations and speak only as of the date of this release and involve risks and uncertainties that could cause actual results to differ materially from current expectations. The material factors and assumptions that could cause actual results to differ materially from current expectations include, without limitation, the following: ICT DisplayCard adoption, ICT DisplayCard further testing and certifications, dependence on a limited number of suppliers and their capacity, full scale production of the ICT DisplayCard, and limited capital and liquidity. Innovative Card Technologies, Inc. refers interested persons to its most recent Annual Report on Form 10-KSB as amended by Form 10-KSB/A and its other SEC filings for a description of additional uncertainties and factors that may affect forward-looking statements. Forward-looking statements are based on information presently available to senior management, and Innovative Card Technologies has not assumed any duty to update any forward-looking statements.





Contact:
Innovative Card Technologies
Stephanie Edwards, Marketing Manager, 310-312-0700
[e-mail]
or
Susan Roush, Public Relations, 818-222-8330
[e-mail]
or
Jose Castaneda, Investor Relations, 720-733-0052
[e-mail]

--------------------------------------------------------------------------------
Source: Innovative Card Technologies

[lmialover]

Nice news on the UL ok.Also nice rebound yesterday,I added
at 2.84 South Korea will be huge for INVC,and once the trial
runs in the U S are done this little stock is going to fly high IMO.This technology is going to be HUGE,and with Verising (nasdq)VRSN
offering the card with part of their security bundle
we have a WORLD wide partner.

GO INVC!

[nerd86]

What's the stock?
Take a look at IMMR

[followinsnsr]

I received a card from BoA Friday and it can only be used to purchase OTCBB and Pink Sheet stocks. Most likely this is a test study and will be expanded when accepted. I was impressed and purchased the stock. Supprised there is no announcement about BoA using this, once it does come out it should move this stock and become a household name. Ground floor opportunity IMO.

[lmialover]

There NASDQ dream as you put it is alive and well,they had a board member step down due to illness ,a new member will be announced and INVC will be in full compliance again.This is a GEM at this price,they are rolling out their cards in Korea,and have pilot progrms with some BIG boys here in the U S

This technology will become THE mode of double securty verification for MANY large institutions,banks,and other companies with a need for high level security.


IMO This is close to 10 bucks before the end of 2008,and could very well be much higher.

[kmx_swing]

So their NASDAQ dream has not come true......new attempt next year.