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We are all all captive by the banks and Chaya will have a mutiny if the results at the end of the month aren't at least positive. If the market rewards us we will be positive but all hell will break loose with her compensation package if the results are less than what we expect. I am very concerned and have told her so about the EMV situation. Chaya claims there is no shortage but I see only about half the EMV cards have been issued in the U.S. and less than 30% of the transaction readers to utilize the few that are issued. There is no shortage of production capacity so what is the reason for the shortage. My investigation shows the banks and some merchants have a shortage of money for the components of this debacle. Europe seems to have no problems because the government there made sure it was implemented. Look
how long our government had to mandate this. Do the banks thrive on the fraud for tax deductions? Something smells bad and it is definitely not our technology. They had two years to implement this and it is a cluster////. The private market has produced a remarkable solution and Europe has proved it has worked even without the superior invention of a solution that will probably change the playing field. I abhor any more governmental wasteful
intervention but this is one technology that should be mandatory
for all people like a police force and clean water. I am actually thinking that my Congressman should pass a bill that requires
a fingerprint access unless someone is missing a hand. I have
the right to the safest system to protect my transactions that exists. I propose that consumer reports should do a study of all the systems and then let the public decide on what is the best or at a minimum require a fingerprint scanner. That's my two cents
Bilboo out
You know when we here about a hack, It is almost always the store chain that is named not the banks security. Is it always the merchants fault not the bank. Is it about opportunity mistakeingly by a disgruntledemployee. Smartmetric protacts everybody in the food chain. What is it worth to a retail chain manager or an executive at the home office to not worry about a chain wide hack. Maybe a few cards but nothing like the wholesale hack like Target had. It keeps everybody in the food chain honest.Sure the bank has to pay for this protection by obtaining the card but not the tens of millions with a large scale crisis. What is there to embezzle. The information is not on a central server but safely stored on the finger. Anybody done their research on what these new fingerprint scanners can do now? It is just freakin unbelievable. This is not just a highly advanced payment system but a safety deposit box. I have done ny due diligence and I found that there isn't another platform anywhere in the world as advanced as this card in the current timeframe.
That doesn't mean it will sell. Other factors other than technology come into play now. We will soon see what the market feels about security. Bilboo out
The fact that the banks are not keen in America to use a pin with the chip is like a gift. The smartmetric platform woulf inherently have a better potential for safety. Customers compared to Near Field Communication would probably feel safer using it. We will soon find out how many own stock and how many are spies either involved with another stock or companies worried about Smartmetrics penetration. I have read about many new advances down the road with cards even the discontinuation of numbers but for at least the next ten years Smartmetric has advantages for people that don't change easily will migrate to. Why do I say this? Because a less advanced system has worked in Europe for ten years and their fraud is much less than ours. This is literally the Rolls Royce of credit cards. I personally see it initially as a card for the elite or upper crust long before a card for the masses but even poor people want the best nike shoes. WE shall soon see. Bilboo out
Many stories have been written all across the U.S. about the lack of pins unless you specifically ask. That makes Smartmetric one of the few cards that have superior technology. So a retailer would never be assessed for any fraud because even with a pin it is superior technology to a pin. Thems the facts, It has never come up but who decides what is the best anti-fraud card status.
I have read a story that said there is only 27% readers for the chips right now. Pretty dismal for the public. Bilboo out
It is interesting the U>S> gov't is requiring all government cards to be issued with a chip and pin for Gov't use. The banks had a meeting and decided according to news stories that the consumers would not want a pin with their chip. I was floored at their decision. maybe The banks were afraid it would slow down the chechout process/ because the chip dip already does. But if somebody complains as LatenightMike that they want a pin there is no problem getting it if you demand it. They just won't necessarily propose it. Today there were three stories by newspapers talking about how disjointed this entire roll out is and how many years it is going to take to implement. You read right. Years. Many merchants and banks are only doing this because they may be doing it because Europe has done it for ten years and we haven't. Is there pressure from the gov't to at least match the fraud protection the consumers of Europe demand?
For sure there is a disconnect between the transaction people, the banks, the merchants, and the consumer. Most merchants are getting new cards readers not because they think it will help but because the banks are now afraid of the liability issue. It is all about moving the monkey, not protecting the consumer. The closer you look the better Smartmetric looks. We will soon find out who the good banks are and who are the posers. In the next hack we will find out who are the best merchants also. I fear the crooks will target the least protected also. The banks are not our friend. Most of the merchants are trying to do the right thing. Without the pin to go with the chip we are only half protected. Only a minority will have the fingerprint scanner. Unfortunately again time will tell. Is this another Tucker auto all over again? Great technology but too advanced for the public to understand. I hope I amm wrong. It really depends on the consumer and how good Chaya's sales force is. Bilboo out
Further update: Watched an updater by the card that has four letters today. The bank employee being interviewed admitted only shipping 150 million cards this year which are only 20% of the needed cards. She estimated it would take between 3 to 5 years to get all the cards shipped. I talked to a manager of a large warehouse club we all new and he confirmed they are having a meeting next week but do have all there readers in operation now. Another article confirmed and the manager of the warehouse club confirmed there are no pins right now but there may be in the future. This is at least from one reporter 50% of the fraud protection. The retailers group wants to know why there are no pins now. I might add this is a huge feather in our cap. My personal belief is that it is a patent issue and they are waiting if the smartmetric card comes out. It makes sense the way medic is asking lots of questions about biometric patents. I can't stress enough how big the pin holdup is to us. Canada and Europe all have pins. The fact that the banks and card manufacturers are not talking yet the stores are asking or even Chaya is talking about it means there are even more secrets being withheld.
If there was a big hack soon all heck would break out with fingerpointing all over. I smell something very fishy. The story isn't written yet. Even reporters can't be gagged. The next annual report will be more than just interesting about our company. Call your banks and complain about the lack of a pin.
Bilboo out
An interesting overlooked detail that has a myriad of nuances.CBS ran a news segment sying that less half of the cards with the chip cards in the USA have gotten to consumers. Associated Press said it was only one in ten. Card readers were terribly in short supply. That is bad enough but AP said that the cards in America were not chip and pin like Europe but only chip and signature. Way less fraud protection. Plus remember that only the two companies have chips not the other two known cards. They are not part of the EMV network. The smaller banks probably won't even roll our chip cards till 2016. According to the AP article it was a money issue.
Duke should have more insights to this. In this post I am not even going to talk about the banking implications yet. I have been watching this for over a year It does give us a huge potential for a large corporation I won't name here. Bilboo out
what will be very interesting is what region of the world migrates the fastest to this technology. I wonder if NFC will actually be able to compete out of fear. NFC hasn't exactly been a revolutionary roll out. Snartmetric has an advantage only if it is accepted by the regular population. I am, betting it will. I see major corporations weighing in to not get hacked like Target.
It looks like we will soon find out. Dukw will be all over it
Bilboo out
Stockmedic it is very difficult even if you are an IP attorney to figure out who owns want from a biometric patent. There are so many patents that I have read that apply to public domain for Smartmetric it is unbelievable. I am not evaluating anything that concerns near field communications. I have read so many patents in the last weeks I am going crazy. Many patents are in the public domain now. Can't violate anything that is probably public. From what I have discovered is good luck on proving anything without big bucks and time. You are on you own. Bilboo out.
Stockmedic, I am not a lawyer but ir looks to me the patent for
Trevor Malthurin which is in the public domain now is closer to the patent info that we use than the near field ones they are using. The rights to using a fingerprint scanner looks like it is
regulated by Trevors 144 old patent. I am sure Andrea can give Chaya advice from her patent buddies. I've already e-mailed her to look at this patent and if the applications would apply to us. Good luck with your fighting us on it. Don't you think if Colin wrote patents for the mmechanis of the card she knew how to protect the fingerprint scanner. Bilboo out
Stockmedic, While searching the biometric patents for biometrics I came across three patents by Colin Hendrick which is the ceo of Smartmetric. This is not the 464 patent either. If I can find them why can't you? I won't tell you if there are any other patents pending but if I was a betting man I would look. There are so many biometric patents I don't know how anybody keeps it straight Andrea was elected to the NIBA board of directors by all the directors. Wonder what all your machinations are doing to your relationship with her. Time will tell. Bolboo out
Stockmedic it seems kinda funny how the medical key ring was advertised and even sold to some stockholders and consumers and probably uses the same scanner as the card yet nobody raised any
issue of patent infringement. How is it they you know Andrea?
Bilboo out
Stockmedic, I am not on any one side but I just found out from doing some due diligence That Chaya has a very learned patent attorney in New York. The company is well represented and the law fiem is one of the most prestigious wall street firms you could have. Smartmetric has one of the most experienced bankers around.They are all noted in the archives of this company since you haven't told us who ,you are working for. Not pumping, not bashing, just telling the facts. By the way, the law firm has offices in Israel besides New York. Bilboo out
Stockmedic may have a point about patents but are they even an issue anymore. That's the real,issue. Have the patents that control the idea already lapsed. Nobody seems to know. I am not a pumper or a basher. The original biometric patents are already so old they are probably in the public domain. There may have been some recent improvements but we don't know if they affect us or not. Obviously Chaya knows the answer so go to the source and find out. From my experience with the SEC don't expect much
info. This whole concept about patents is just chasing windmills
until a card rolls out. That is when we will find out if we are possibly infringing on a patent. Bilboo out
Stockmedic Iam interested in your position but do have a question about the length of time the patents already issued have left and are they enforable inChina. Patents have a certain period to run. Do you know of the four how long they still have to run? Bilboo out
STOCKMEDIC Duke probably knows who you are. You have ties to a Norwegian company that is making a fingerprint scanner for an
Italian company. Your old friend at a las Vegas company has a deal
with them also. They have a major office in Lebanon. I know who you are also. Vegas is a small city. Does the Italian city Udine
strike any bells. Does the Oslo stock market sound familiar for the fingerprint scanner company involved. Bilboo out
post 7492 JmAvocado I have also sent those ideas and more to Chaya to consider down the road. I feel confident that she has many other ideas percolating, just not practical to pursue at this time, till the card gets going. I am sure stockmedic would like to more about our fingerprint scanner and the Norwegians would love to have our battery because near field communications doesn't look like it is going to change much. Niche product at best. No way disruptive in any sense. I want the price to go up like any investor, but I want just bas much a smartmetric card in my wallet to stop hacking at the gas station. Had it happen once before and it took a year to get fixed. Worst year of my life as far as stress. Short of DNA the fingerprint is the best usage at this stage in finance. NO PUN But hands down. Bilboo out
The Quarterly stock update is supposed to be out soon according to the public relations people who talked to the CEO. Nice music Duke of Earl but it got taken off the hit parade. There is an improved battery for the card. Bilboo out
Stockmedic if you want questions about the patents or any thing else talk to Chaya at info@smartmetric.com bill out
Stockmedic, Chaya did e-mail that the fingerprint scanner is proprietary and all the components that are associated with it are proprietary. She wants to know the names of the two CEO's now.
She is aware that authentic was sold to Apple already. This is going to have the potential of really being interesting. You will probably get to know a lot about the battery. Other than the cortex processor, most of the other components are proprietary and made by us. If you can get to Vegas Steffan might be able to set a meeting up with you and Chaya. Communicating with Duke may be unnecessary right now. I feel you are probably going to get your mind blown by her ideas. Steffan has my phone number as well as my e-mail address. Remember that M/C and V are the enemy. Chaya does tend to be secretive. Trust is a very bid thing with her. Good luck from here on out Bilboo out
Stockmedic I got an answer that I may be able to facilitate communication. Call Steffan at Everst at 415-250-0105 and tell him Bill in San Diego gave you his number. Give him your e-mail address and ask him to pass your e-mail address to me and Chaya. I have already got permission to do so. I don't have Dukes data but I am fairly certain that Chaya will have Dukes number or e- mail in Australia and contact him for you to call or e-mail him.
I personally have wanted to talk to Duke for over two years. As far as I'm concerned it never is too late to talk or e-mail. Good luck with your conversation in advance. If things go perfect, your CEO might be able to meet with Chaya on her next trip to Vegas. I do hope you will give me a rundown on the good bad and ugly. Billboo out
I don't have Dukes e-mail stockmedic but I am sure the public relations people can get it for us. I have some friends at QUALCOMM cause it is in San Diego where I live. I do know the movers and shakers in the PR firm, I am pretty sure that if Duke talks to you and makes his introduction Chaya will at least talk to you, If memory serves me I think Duke has over five million shares. He is solid and although a believer in the technology he is pragmatic. The only good thing about taking this long is you get an idea of what people are like from their posts. Bilboo out
Stockmedic everything you said resonances correctly. I don't have major disagreement with anything you have said. Chaya doesn't live in Vegas, only has an office in a building that has virtual offices for people who just need a phone system. Her public relations people are in Vegas also. She lives in Florida, probably down by Miami area. I really think you and Duke, should have a phone conversation. He is a banker that has met with her before and examined the card. That isn't an endorsement just some background. I think he lives in Australia. He tried to have a meeting with her while he was in the states afew months ago but they couldn't get together again. I am distressed that she won't talk to you because I have just recently suggested it to her. I don't have the pull to necessarily make that happen but the fact I suggested it to her should tell you I think it make sense. She is obsessed about revealing any internal information to an investor. Even though I have a lot of stock she doesn't give me any inside info. I am pretty sure she has a proprietary fingerprint scanner that would blow you socks off. She is smart. Duke has told us the battery alone is a major breakthrough that she could sell for millions of dollars. Chaya doesn't trust many people especially M/C. I understand that. Duke would be able to tell you more cause she grew up in Austrailia. He is a banker but even he doesn't know all about her. She does come to Vegas quite often. I really hope you e-mail at inf0@smartmetrics.com and she responds back. I don't know how much she will be able to disclose because she won't release any inside info to stockholders, But I am sure you would have nuch to talk about shop stuff anyway. Good luck Stockmedic. Billboo out
Hey stockmedic, why don't you contact Chata at info@smartmetic.com and ask her why she didn't talk to the other CEO and the details about our fingerprint scanner. Then you can report the good or bad results of your inquiry. Qualcomm is not a mickey mouse operation and it is much bigger than AuthenTuc.
Bilboo out
why isn't zwipe testing it card in Canada or usa with m/c as their partner. Late night mike your time is coming one way or another. I hope you can stand the scrutiny.Bilboo out
I am sorry stockmedic but I meant to say Qualcomm would want to sell us their fingerprint scanner rather than chips. It would not be out of the realm that they would want to buy us to secure scanner sales or at least a partnership. Bilboo out
Stockmedic I HOPE YOU ARE INCLUDING qUALCOM IN THE BIOMETRIC SCANNER AS ONE OF THE TWO, BECUSE THEY HAVE DEVELOPED AN HD FINGERPRINT SCANNER THAT SEES THE FINGERPRINT THROUGH THE SURFACE IN HIGH DEFINTION AND 3-D TO CAPTURE MORE THAN THE FLAT DIMENSION OF THE FINGERPRINT. wHAT ABOUT CHAYAS FLAT BATTERY THAT ZWIPE WISHES IT HAD. wHAT ABOUT INTEGRATING THE CORTEX PROCESSOR WITH THE SOFTWARE TO READ THE FINGERPRINT IN A SECOND THROUGH SOFTWARE THAR IS INTEGRATED WITH THE FINGERPRINT SCANNER IN A CARD SIZE. BILBOO OUT
In two or three months, the banks that are testing will if satisfied by the results will roll the cards out to their most exposed customers. Then Chaya will have to disclose the customers involved, because this will be a big deal to the banking customers. How interesting that this coincides with the transaction people shifring the liability to the banks if they don't have technology superior to the transaction people. Either way we will find out some interesting details in afew months that will once and for all denote if you are right. I hope you are prepared for the backlash if you are wrong. People are upset at your diatribe. If you are right you can say "I told you so" but if you are wrong, people with a lot of money will never let you forget it. Billboo out
YES, I UNDERSTAND LARGE CONSUMER BRICK AND MORATR STRORES WILL HAVE A DOG IN THE FIGHT. tARGET DOESN'T WANT TO HACKED AGAIN. wILL THEY HAVE SOME INFLUENCE WHEN WE ROLL OUT WITH SUPERIOR TECHNOLOGY. yES. would Costco GO BACK TO aM eXPREES FROM v IF THIS CARD BECOMES A FRAUD GAME CHANGER. fOLLOW THE FRAUD PEOPLE.hOME DEPOT WOULD MAKE A CANGE IN A HEARTBEAT. wHAT ABOUT WALMART WITH THIER NEW TRANSACTING NETWORK. uNDERSTAND THIS IS GOING TO GET BIG REAL SOON. bILBOO OUT
The card is real. We will find out shortly who has it, The transaction companies V and MC only make money if their card is used. Once the card is rolled out even on a small scale, yo don't have to be a genius to think that a CEO probably will think about moving the cheese. If you are a small player, you certainly want to have an advantage in card usage. It doesn't take a rocket scientist to figure out how to oneup my competition. Is there any loyalty here. He who has the superior safety and technology will want to have all the bacon. There is no restraint of trade here. Somebody is going eventually make Chaya an offer even she can't refuse. I predict it. Let us wait and see after the card hits the streets Bilboo out
Its 70 cents for now but later when the mkr is releasd look out. I use to be a pharmaceutical rep and I already know the companies will want to buy it for a promotion as well as a big item in pharmacies. Nobody can remember what there lab tests were six months ago. Better mousetrap. Bilboo out
SOME OBVIOUS perceptioms.
1. The NFC cards were made for Id and security type applications. anything else doesn't make sense.
2. It will be interesting for the two big credit card companies soon to deal with Chaya after the testing phase
3.The public wants a safer card that is the most advanced against fraud there is.
4 The card can't be stolen and used. Even internet purchses must have your fingerprint to activate
5. The cost of the card is negligible compared to fraud protection companies popping up everywhere. One starts with life.
6.The news coverage will be astromical, based on the sheer technical advance it is.
The fact zwipe is so far behind shows it won't be able to compete in the American market based on how poorly the other NFC product is being accepted or adapted by the customers.
8 this card protects the bankers based on who has the best technology
9 It already uses the oin and chip terminals.
10 Just as the video showed, if you forget your card or misplace it can't be used. BIG piece of mind factor.
I can see banks advertising the heck out of it after the tests are over to get customers. After it hits 70 we should never have to listen to latenightmike again.
11 Lets buy some B=complex for Chaya for all the running around she is going to be doing to keep her energy up
12 The banks are going to want lower fees like Europe when the fraud starts going down. We will have to stay alert to make the credit card transaction companies lower our fees too.
Lets make latenightmike watch the credit card companies like he used to watch Chaya.
Bilboo out
SOME OBVIOUS perceptioms.
1. The NFC cards were made for Id and security type applications. anything else doesn't make sense.
2. It will be interesting for the two big credit card companies soon to deal with Chaya after the testing phase
3.The public wants a safer card that is the most advanced against fraud there is.
4 The card can't be stolen and used. Even internet purchses must have your fingerprint to activate
5. The cost of the card is negligible compared to fraud protection companies popping up everywhere. One starts with life.
6.The news coverage will be astromical, based on the sheer technical advance it is.
The fact zwipe is so far behind shows it won't be able to compete in the American market based on how poorly the other NFC product is being accepted or adapted by the customers.
8 this card protects the bankers based on who has the best technology
9 It already uses the oin and chip terminals.
10 Just as the video showed, if you forget your card or misplace it can't be used. BIG piece of mind factor.
I can see banks advertising the heck out of it after the tests are over to get customers. After it hits 70 we should never have to listen to latenightmike again.
11 Lets buy some B=complex for Chaya for all the running around she is going to be doing to keep her energy up
12 The banks are going to want lower fees like Europe when the fraud starts going down. We will have to stay alert to make the credit card transaction companies lower our fees too.
Lets make latenightmike watch the credit card companies like he used to watch Chaya.
Bilboo out
LMU, I just heard on PBS public channel that the oceans are goimg to rise 10 feet in the next 30 years. Maybe an island won't work as a good investment or getaway. Maybe Tahoe will be a better idea. The fact that Chaya has already disclosed NFC improvements to the cards and pictures of the card owner leads me to believe that Chaya has already has a buyer for security cards or access ID cards already that isn't announced yet. I hope we get a chance in the future to talk to Chaya about the behind the scenes stories. It is amazing how Duke has gotten on the poster board now that things are coming to a new chapter soon. You have some things in common with Chaya. I'll tell you in Vegas. Keep the faith Bilboo Out
I have no idea why Chaya would get into NFC unless some company convinced her that it has an opportunity for it. Isn't that hard to do. I am waiting to see what happens at the end of the month. I like others don't want any delays from the card we are all waiting for. We all have waited long enough for the card we were promised at the end of the month. Bilboo out
online frraud will increase dramatically when the banks move to EMV chip cards according to the card experts. This change means the means most fraud will occur online. Harder to get by with fraud when you need the persons fingerprint to turn on the card. This a revolutionary change. Next change will be DNA. Will be interesting why we are getting into NFC. Bilboo out
I did some quick checking on near field communication range and it is from touch to just a few centimeters. obviously not very far. Maybe there is a reason for her to have this flexibility with our cards. Bilboo out
Chaya has just put out a press release that we are going to also manufacture a NFC card. It doesn't tell us if this an addition or a change to the existing card. Bilboo out
It was the joker who put it on, but nutsandbolts had read it and filled me in on the relevant info I was taken off guard when I found the website corporate files(no relatiom whatsoever to smartmetric and happened to find three commercials about smartmetric with our logo and everything. One of the commercials was for bitcoim. I also saw some stuff with us and fujirsui and biometrics. Don't know if their is a relationship but it was sure interesting. Iread some stuff on a Norwegian website that zwipe was having some issues with the thickness and size of their card.
I don't know if they will ever get it to fit an American size terminal that reads the card when doing a transaction. Chaya will really have an interesting press release based on what is going on in biometrics. We are definetly at the leading edge no mater what LATENIGHTMINKE says about harassing us. The fingerprint scanner is as close to state of the art as possible in the time frame. The more I research the more impressed I become. Duke did a lot of the due diligence for us because he was doing it for himself. And he is a banker. I believe Jaros is a lawyer based on some stuff I might have discovered. Bottom line. We will know how this card is at the end of the month when people test it for their banks or businesses Billboo out
I've been a member of chit chat for six months. Got a new computer and it doesn't let me connect yet to some things. New news Annamaria Chen now Stewart is doing commercials for smartmetric at corporate profiles. We are even evidently producing some cards for bitcoin according to her. I don't know how to make it easy for you to find her other then her name and Corporate Profiles. bilboo outour fingerprint reader is way further advanced than zwipe's Samsung has evidently produced a phone that uses fingerprint biometrics and near fiels communication like apples phone. It is the s-6 platform. Lots of stuff starting to happen in the biometric world. I think we use an FPC1080 fingetprint biometric scanner but I am not absolutely sure.