The Clear Card never made it to Minneapolis.I didn't travel to Clear Card cities often enough to even consider spending the $200 annual fee that would allow me to scoot through airport via a special security express line that reduced the serpentine crawl that travelers must work there way through to get through security.
The Clear Card's parent company--Verified Identity Pass shut down on Tuesday evening after failing to renegotiate terms with its "senior creditor."
While the 250,000 people who coffed up that $199 annual fee won't be getting refunds - at this time-- they have been assured that their "iris scans, fingerprints and other personal informaton will not be sold to another company.
Applicant and member data is currently secured in accordance with the Transportation Security Administration's Security, Privacy and Compliance Standards. Verified Identity Pass, Inc. will continue to secure such information and will take appropriate steps to delete the inform.
WalletPop
According to Peter Kafka at Media Memo, the company had raised $116 million since 2005 with the latest round of $44 .4 million being infused just last August. by Spark Capital whose main claim to fame is in being Twitter's main backers.
As for those travelers who now have to start at the back of the line. Welcome Back.
A new feature on FunnyBusiness. Whenever possible I'm going to share a little tune that captures the spirit of my post via Blip.fm . Today's tune for your listening enjoyment and in honor of those road warriors who have to join the rest of us in those lengthy airport security lines: The Theme From Welcome Back Kotter. If you have other tunes that you think capture the spirit of this post, please share.
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