The Federal Appellate case was a split decision. The lower court had ruled completely in V/MC's favor. The appeal reversed part of that lower court decision. That decision, as I understand it, favored SMME regarding the activity of card users as they made the connection, when INSERTING the ATM/debit card, from the terminal being used to the account connected to the card. Thus saying: IF the Patent holds to be valid, this activity infringes upon it.
IF the patent is held NOT to cover this activity I would suggest to Chaya she ask for her money back which she spent on securing the patent.... :)
What went against SMME was the same activity but rather than inserting the card, the card is waved/passed over the terminal rather than being inserted.
My guess/confusion regarding this trial ahead is for the court to determine whether or not patent "464" is valid and covers the connection process between terminal and cardholder's account.
That's how I understand it. That's why I believe SMME will receive a summary judgement in its favor and the price will rise quickly with only a $ amount to be determined...which will be large. MY ADVICE: open a Roth IRA and buy SMME in it....all the profits will be TAX FREE when you reach age 59 1/2 and can take out the money without penalty!! :)