InvestorsHub Logo

mrnutsandbolts

06/27/14 10:38 AM

#5029 RE: Bale out #5027

The patent and the biometric card are two different things.

The patent covers how the connection to the network is made/determined from the terminal being used. AND yes, other institutions are also using the patent...however, when we win this battle it will follow that others will negotiate royalties rather than battle a losing fight in court--ie Am Exp, Discover, et al.

The biometric card is the apex in the industry. There are others similar to ours out there but are not as compact or high tech. Throughout the 5 years I've been in SMME the improvements to the card have been amazing. Given the latest reports, though, it seems banks, especially in Europe, have a great interest in using our card....we only wait for the finalization of terms!!!