glenc - SMME has absolutely NO biometric intellectual property approved, filed or even licensed that can be found either in filed SEC disclosures or at the USPTO. This simply is a company that is integrating technology that it doesn't have any rights to and is probably hoping this product hits, then everyone will want to work with her. And thats now both domestic and international IP. Thats a kind of stupid strategy. Forget the transaction processing for the moment - even MC couldn't care less - but the underlying "PR" and CHAYA'S mantra highlights biometrics on this card, claiming that SMME "developed" the smallest fingerprint reader............. So again, where is the proof that they even remotely not only have developed this technology, but has the rights to manufacture it and use it in commerce. Its amazing how many Kool-Aid drinkers here have given this company a free pass when a simple filed document can answer all the questions.
Is this a company that has spent $20M to develop this technology?, because had it, it would have secured ALL of the patents and licensing rights from the companies that OWN them, and then would build the product. This woman is a fool and those following her even more foolish. Even Authentec spent 7 years and $30M in developing its finger sensors (and thats ALL they sold). CHAYA appears to be using the credibility of biometric security as if she was the first one to think about using it. There are (were) no less than 4 other companies in the late 90's that have done this successfully. And don't try to misdirect this post by saying...."oh no, its the power consumption of the technology....or the foundation of the transactional piece".....yea, thats what the 464 patent is all about - but it has NOTHING to do with biometrics or security. Just a process on conducting the transaction.
So what is it then? because this affects my investment.
It even says in reciting a press release from 2014 ABOVE (on this site) that the company "holds several biometric patents". Not that I can see or find, and I am pretty good at finding those things. In other peoples names? There has to be a legally filed assignment at the USPTO. There isn't. So is it a lie? Show me. Don;t try to misdirect me.....show me.
