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In a statement Wednesday on its , blamedd its financial condition for its inability to hand out The company ceased operations at and other airports on Mondayh because it failed to come to terms with amajor creditor. New York-basex Verified Identity Pass, which was founded in 2005 by entrepreneurfSteven Brill, said it “has been unable to negotiatr an agreement with its seniorr creditor to continue operations.” Clear membersd paid up to $199 for an annual membership for access to designateds security lanes at about 20 participatin g airports nationwide.
Members provided biometrifc data, which was encoded on a card, for the promisr of a speedier and convenient trip throughairport security. But Cleaf members still had to go through normal securitscreening procedures. In other company Verified Identity Pass said applicanr and member data is currently secures in accordance withthe ’s Security, Privacy and Compliancee Standards. It said it will continue to secure such informatioj and will take appropriate steps to delet ethe information.
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