Clear Card Shuts Down:No More Clear Lanes.June 23rd, 2009 - 10:13 pm ICT by GD
Clear Card is shutting down. The company made a business out of a special security program. Under this program it gave its ID holders an unique ID which would let them pass through security checks in eighteen airports across the nation much faster, through Clear Lanes. Though the concept was quite unique yet the company has been facing trouble over a significant time period. The TSA or the Transportation Security Administration came up with the concept of Registered Traveler system through which various companies were allowed to set up special security lines across airports. But after a certain point TSA ruled that all passengers would have to pass through the general security screening. This development became a major problem area for Clear Card.
The Clear Card service was launched in July,2005 at the Orlando International Airport. Presently there are roughly around 260,000 members paying $200 per year for this service which is based on biometric cards. These biometric cards gave the company’s registered users faster security clearance and helped them save time at certain selected airports. It was lent $44.4 million by a venture capital group called Spark Capital some months back for its operations. But the company’s website now reads, “At 11.00 Pm on June 22, 2009, Clear will cease operations. Clear’s payment company, Verified Identity Pass, Inc. Has been unable to negotiate an agreement with its senior creditor to continue operations.”
Pretty bad for anyone who has paid $200 as fee or even worse for anyone who has recently renewed the membership by paying $179! Wonder what they would tell the company bosses if they meet them next time while traveling on air.
Tags: airports, biometric, cards, company bosses, creditor, general security, lent, orlando international airport, registered traveler, security checks, security clearance, security lines, security program, significant time, special security, time period, transportation security administration, tsa, venture capital group