written by reader curious about Smartcards

By burnerjack, May 1, 2012

I have been trying to follow the company Smartmetrics inc. They hold a patent concerning using a ”chip” type credit card in the US.
On top of that, their chipcard is reported to activate only when the user validates the transaction using a fingerprint read by the card itself. Sounds fantastic. They just won a critical appeal against Visa and Mastercard. What does this mean? Dunno… All I know is the stock is up 118% YTD. Anybody out there know anymore? I own a little but wonder if this is going to take off or some other fate. I get excited, but often LOSE money trading when excited….

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