Yesterday it was announced that "Clear" (Verified ID Pass) the special "bypass the line at security" card company, has shut its doors and its lines. They ran out of money and could not pay their debts. No surprise there, they were paying $300K/year rent for their space at SJC and only 11,000 members used that line.
As I explained earlier, something was fishy about the program. It required a detailed background check, with fingerprint and iris scan, but all it did was jump you to the front of the line -- which you get for flying in first class at many airports without any background check. Their plan, as I outline below, was to also let you use a fancy shoe and coat scanning machine from GE, so you would not have to take them off. However, the TSA was only going to allow those machines once it was verified they were just as secure as existing methods -- so again no need for the background check.
To learn more about the company, I attended a briefing they held a year ago for a contest they were holding: $500,000 to anybody who could come up with a system that sped up their lines at a low enough cost. I did have a system, but also wanted to learn more about how it all worked. I feel sorry for those who worked hard on the contest who presumably will not be paid.